Elgin Monthly Market Recap: Prices Dip as Sales Slow 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%.

273 homes for sale now, about 4.9 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.

Elgin's housing market cooled noticeably in October as median prices dropped and sales volume declined compared to the previous month. The median close price settled at $252,268 across 40 closed sales, down 7.7% from September's $273,300. This brings the year-over-year comparison to a 14.1% decrease, with prices now 14.1% lower than the October 2025 median of $293,734. Sales activity also softened, with 40 homes closing in October compared to 55 in September, a 27.3% drop month-over-month. However, sales volume remains 11.1% higher than the 36 closed sales recorded in October 2025. The median days on market increased slightly by 3.1% to 66 days, while homes sold for 96.3% of their original list price, a 2.4% improvement over September's ratio. Inventory levels remain steady with 273 active listings, representing approximately 4.9 months of supply. New construction accounted for 15 of the 40 closed sales, while the median living area shrank to 1,748 square feet from 1,956 in September. The market continues to show resilience in year-over-year volume despite recent monthly fluctuations. 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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