Elgin Market Heat Score: What the Data Shows in October

What does a median of 66 days on market mean for buyers and sellers in Elgin right now? The ALEX Intelligence Market Heat Score synthesizes four key indicators—days on market, sale-to-list ratio, inventory levels, and price reductions—to produce a single gauge of local momentum. In October 2026, the score reflects a cooling trend compared to the previous month, driven by longer selling times and lower closing prices. The composite index weighs median days on market at 35%, the close-to-list ratio at 30%, months of inventory at 20%, and the share of price cuts at 15%. With 66 days on market (up 3.1% from September) and a close-to-list ratio of 96.3%, homes are taking longer to sell and closing slightly below original list prices. Inventory stands at 5.13 months, indicating a shift toward buyer leverage, while 65% of closed sales fell below the original asking price. This data-driven assessment shows that Elgin is currently in a balanced-to-slightly-buyer-favorable state. The median sale price dropped 7.7% month-over-month to $252,268, and the share of homes selling under list price decreased slightly compared to last year but remains high at 65%. These figures suggest that while demand persists, pricing discipline is critical for sellers in this market segment. ALEX Intelligence estimates this score based on 40 closed sales in October 2026, providing a snapshot of current conditions without projecting future trends. The methodology ensures the score reflects actual transaction data rather than speculative sentiment. Want to see this home? Call or text George at 713.918.9951 for a private 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