Elgin Market Heat: How It Compares to Neighbors in October

Deal of the Week

Deal of the Week · 14505 Sage Bloom LN, Elgin TX 78621 · MLS #9531615 · Listed by ERA Experts. ALEX valuation $302,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $250,000 14505 Sage Bloom LN, Elgin TX 78621 · MLS #9531615 Listed at $243,057, 3 bed, 2.5 bath, 1,826 sq ft. Listed 19% below the ALEX valuation; 19% under the local price per sq ft; price reduced 19% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187980580/14505-Sage-Bloom-LN-Elgin-TX Lower-middle quartile: $250,000 to $283,000 148 Gullivers DR, Elgin TX 78621 · MLS #2074071 Listed at $275,000, 3 bed, 2 bath, 1,567 sq ft. Listed 9% below the ALEX valuation; price reduced 14% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1179369524/148-Gullivers-DR-Elgin-TX Upper-middle quartile: $283,000 to $320,000 13424 Barn Chime ST, Elgin TX 78621 · MLS #4781010 Listed at $309,990, 4 bed, 2.5 bath, 2,596 sq ft. Listed 4% below the ALEX valuation; 26% under the local price per sq ft; price reduced 6% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186759823/13424-Barn-Chime-ST-Elgin-TX Upper quartile: $320,000 and up 1610 County Road 463, Elgin TX 78621 · MLS #8118552 Listed at $950,000, 3 bed, 2.5 bath, 2,799 sq ft. Listed 22% below the ALEX valuation; price reduced 21% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182523737/1610-County-Road-463-Elgin-TX

Key figures · Elgin · October 2026

40 homes sold in Elgin in October 2026 (up 11.1% on a year earlier).

Median net sale price: $252,268 (down 14.1% on a year earlier).

Median price per square foot: $150.

Median days on market: 66.

Median sale price as a share of the original list price: 96.3%.

286 homes for sale now, about 5.2 months of supply at the pace of the last six months.

Source: Unlock MLS, October 2026. Single-family homes; prices net of seller-paid concessions, the same figures as the ALEX market statistics pages. Information deemed reliable but not guaranteed.

How does the Elgin market compare to its neighbors when prices are falling? In October 2026, the median closing price for single-family homes in Elgin dropped to $252,268, a decline of 14.1% compared to the same month last year across 40 closed sales. This contrasts sharply with the broader Unlock MLS region, where the median price remained at $398,237, and Bastrop County, which saw a median of $327,590. ALEX Intelligence analyzed the regional benchmark data to highlight these divergences. Elgin's median price was significantly lower than both the regional median of $398,237 and the Bastrop County median of $327,590. The local market showed resilience in speed: days on market fell to 66, down 26.7% from last year. This suggests buyers are moving faster despite lower prices. The region's average of 65 days on market indicates Elgin is performing slightly slower than the broader area but significantly faster than it was a year ago. Affordability dynamics also shifted. The ratio of final sale price to original list price improved to 96.3%, up from 92.4% last year, meaning sellers are retaining more of their asking price relative to the previous year. However, 65% of homes still sold below their original list price. With 286 active listings and a 5.17-month supply of inventory, the market remains balanced but leans slightly toward buyers compared to the tighter regional conditions. The data reveals a distinct local trend where Elgin is adjusting prices downward while maintaining transaction velocity, unlike the broader region where prices have held firm. This divergence offers a unique entry point for buyers seeking value relative to the surrounding counties and the wider Unlock MLS footprint. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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