Elon, NC

Balanced market-5.5% YoY

Housing market overview · Updated weekly

$425,000median sale price

Homes sold

7

Last 12 weeks

Days on market

151

Average pace

Active listings

23

3.3 months supply

Sale-to-list

99.5%

Below asking

The Elon housing market is currently classified as a balanced market with a median sale price of $425,000. Prices have fallen 5.5% compared to last year, with homes spending an average of 151 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Elon

There are currently 23 homes listed for sale in Elon, North Carolina. The median listing price is $399K.

Active listings

23

Homes on market

Median list price

$399K

Avg. days on market

151

Days until sale

New this week

5

Newly listed

Price drops:26.1%of listings
Sale-to-list:99.5%

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Frequently asked questions

What is the average home price in Elon?

The median home sale price in Elon is $425,000, down 5.5% from last year.

How long do homes stay on market in Elon?

Homes typically spend 151 days on market before going under contract.

Is Elon a buyer's or seller's market?

With 3.3 months of supply, Elon is currently a balanced market.

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