New Listing
$74,900
10211 NE 120th St
Elgin, OK 73538
Land6.00 acres
JULI CHESKO · RE/MAX PROFESSIONALS
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Sarah Mitchell
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Compass Real Estate · Elgin, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Elgin, OK(512) 555-0184TX License #0512847
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Elgin, OK Housing Market & Real Estate
Seller's market+6.1% YoY
Housing market overview · Updated monthly ·
$260,000median sale price
How is the Elgin, OK housing market right now?
The median home sale price in Elgin, OK is $260,000, up 6.1% year-over-year. Homes sell in an average of 42 days with 14 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 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?
Seller's market2.8 months of supply42 avg. days on market
Elgin, OK is currently a seller's market, based on 2.8 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
42
Average pace
Active listings
14
2.8 months supply
Sale-to-list
101.0%
Above asking
What does the Elgin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $264,900 |
| Year-over-year price change | +6.1% |
| Average days on market | 42 days |
| Active inventory | 14 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $157/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 9 |
| Listings with a price cut | 35.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elgin by property type?
How the Elgin, OK market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $260,000 | $157/sq ft | 5 | 42 days |
Source: Redfin · Updated monthly
The Elgin housing market is currently classified as a seller's market with a median sale price of $260,000. Prices have risen 6.1% compared to last year, with homes spending an average of 42 days on market, indicating 2.8 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Elgin
There are currently 14 homes listed for sale in Elgin, Oklahoma. The median listing price is $265K. Featured listings range from $74,900 to $585,000.
$112,000
208 K St
Elgin, OK 73538
3 bd1 ba1,200 sqft$93/ft²
House
HAYLEY HUDSON · MISTY JULIAN REALTY LLC
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New Listing
38
$189,900
205 Oak St
Elgin, OK 73538
4 bd2 ba1,551 sqft$122/ft²
House7,802 sqft lot
Maven Real Estate
View photos & details
27
$224,000
70 NE Deerfield Dr
Elgin, OK 73538
3 bd2 ba1,300 sqft$172/ft²
House
LAUREN BROWN · CENTURY 21 FIRST CHOICE REALTY
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$235,000
509 G St
Elgin, OK 73538
3 bd2 ba1,500 sqft$157/ft²
House
HANA HARDZOG · KEYHAUS REALTY CO
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New Listing
31
$290,000
1504 Stonehouse Dr
Elgin, OK 73538
4 bd2 ba1,800 sqft$161/ft²
House10,890 sqft lot
HEAVEN SPEIRS · PARKS JONES REALTY
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$305,000
5812 NE Cornwallis Dr
Elgin, OK 73538
3 bd2 ba1,800 sqft$169/ft²
House21,780 sqft lot
HANA HARDZOG · KEYHAUS REALTY CO
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New Build
17
$359,000
5430 NE Minnow Ln
Elgin, OK 73538
3 bd2 ba1,900 sqft$189/ft²
House21,780 sqft lot
MISTY JULIAN · MISTY JULIAN REALTY LLC
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New Listing
36
$375,000
10630 NE Seaside Ln
Elgin, OK 73538
4 bd2 ba2,000 sqft$188/ft²
House1.09 acres
MISTY JULIAN · MISTY JULIAN REALTY LLC
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New Listing
31
$395,000
1220 Cypress Ln
Elgin, OK 73538
4 bd3 ba2,300 sqft$172/ft²
House1.00 acres
TIPHANIE MURPHY · PARKS JONES REALTY
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New Build
16
$396,000
5465 NE Minnow Ln
Elgin, OK 73538
4 bd2 ba2,100 sqft$189/ft²
House21,780 sqft lot
MISTY JULIAN · MISTY JULIAN REALTY LLC
View photos & details
New Listing
6
$585,000
12337 US Highway 62
Elgin, OK 73538
Land61.00 acres
CHELSEY SEIBOLD · KEYHAUS REALTY CO
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Looking to buy in Elgin?
Get connected with a local real estate expert — free, no obligation.
Active listings
14
Homes on market
Median list price
$265K
Avg. days on market
42
Days until sale
New this week
9
Newly listed
Price drops:35.7%of listings
Sale-to-list:101.0%
Who lives in Elgin?
Population
3,560
Median income
$81,739/yr
Median age
32.3 years
Owner-occupied
73.4%
College grads
39.4%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elgin?
Zillow home value
$304,324
Zillow rent index
$1,891/mo
Price-to-rent ratio
13.4x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Elgin?
Elgin is a community of approximately 4K residents with a median age of 32.3 years.The median household income is $81,739, which reflects a relatively affluent area with strong earning potential. 39.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elgin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elgin?
3 schools tracked · 2,486 students
The largest public schools serving Elgin, OK 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 ES
Grades PK-4 · 926 students
ELGIN HS
Grades 9-12 · 791 students
ELGIN MS
Grades 5-8 · 769 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, OK?
Want a head-to-head view? Compare Elgin side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Elgin?
Is Elgin a good real estate investment market?
For investors evaluating Elgin, the price-to-rent ratio of 13.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 6.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elgin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elgin's median home price.
Frequently asked questions
What is the average home price in Elgin?
The median home sale price in Elgin is $260,000, up 6.1% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 42 days on market before going under contract.
What is the median income in Elgin?
The median household income is $81,739 per year.
Is Elgin a buyer's or seller's market?
With 2.8 months of supply, Elgin is currently a seller's market.
How many homes are for sale in Elgin?
There are currently 14 homes listed for sale in Elgin, OK.
What is the Zillow home value estimate for Elgin?
The Zillow Home Value Index (ZHVI) for Elgin is $304,324, 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, OK is $260,000 (about $157 per square foot).
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