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Featured local agent — Elgin, AZ
Sarah Mitchell
Compass Real Estate · Elgin, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elgin, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$742,500median sale price
How is the Elgin, AZ housing market right now?
The median home sale price in Elgin, AZ is $742,500, up 63.2% year-over-year. Homes sell in an average of 94 days with 2 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elgin a buyer's or seller's market?
Elgin, AZ is currently a balanced market, based on 2.0 months of supply and homes selling in about 94 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
94
Average pace
Active listings
2
2.0 months supply
Sale-to-list
94.6%
Below asking
What does the Elgin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $742,500 |
| Median list price | $1.37M |
| Year-over-year price change | +63.2% |
| Average days on market | 94 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 94.6% |
| Median price per sq ft | $431/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elgin by property type?
How the Elgin, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $742,500 | $431/sq ft | 1 | 94 days |
Source: Redfin · Updated monthly
The Elgin housing market is currently classified as a balanced market with a median sale price of $742,500. Prices have risen 63.2% compared to last year, with homes spending an average of 94 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 10.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Elgin
There are currently 2 homes listed for sale in Elgin, Arizona. The median listing price is $1.4M.
Active listings
2
Homes on market
Median list price
$1.4M
Avg. days on market
94
Days until sale
New this week
2
Newly listed
Who lives in Elgin?
Population
190
Median income
$53,438/yr
Median age
69.4 years
Owner-occupied
100.0%
College grads
27.3%
Source: U.S. Census Bureau ACS
What are homes worth in Elgin?
Zillow home value
$548,790
Price-to-income
10.3x
Source: Zillow Research
What is it like to live in Elgin?
Elgin is a community of approximately 0K residents with a median age of 69.4 years.The median household income is $53,438, which represents a working-class community with solid middle-income opportunities. 27.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment.Overall, Elgin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elgin?
1 schools tracked · 134 students
The largest public schools serving Elgin, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elgin Elementary School
Grades PK-8 · 134 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elgin, AZ?
Want a head-to-head view? Compare Elgin side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elgin?
The median home sale price in Elgin is $742,500, up 63.2% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 94 days on market before going under contract.
What is the median income in Elgin?
The median household income is $53,438 per year.
Is Elgin a buyer's or seller's market?
With 2.0 months of supply, Elgin is currently a balanced market.
What is the Zillow home value estimate for Elgin?
The Zillow Home Value Index (ZHVI) for Elgin is $548,790, representing the typical home value in the area.
How much does a single-family home cost in Elgin?
The median single-family home price in Elgin, AZ is $742,500 (about $431 per square foot).
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