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Featured local agent — Elgin, OR
Sarah Mitchell
Compass Real Estate · Elgin, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elgin, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$430,000median sale price
How is the Elgin, OR housing market right now?
The median home sale price in Elgin, OR is $430,000, up 85.2% year-over-year. Homes sell in an average of 8 days with 6 active listings. The market is currently a balanced 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?
Elgin, OR is currently a balanced market, based on 6.0 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
8
Fast-moving
Active listings
6
6.0 months supply
Sale-to-list
100.0%
Above asking
What does the Elgin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $430,000 |
| Median list price | $314,500 |
| Year-over-year price change | +85.2% |
| Average days on market | 8 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $194/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elgin by property type?
How the Elgin, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $430,000 | $194/sq ft | 1 | 8 days |
| Townhouse | $338,000 | $139/sq ft | 1 | 50 days |
Source: Redfin · Updated monthly
The Elgin housing market is currently classified as a balanced market with a median sale price of $430,000. Prices have risen 85.2% compared to last year, with homes spending an average of 8 days on market, indicating 6.0 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 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Elgin
There are currently 6 homes listed for sale in Elgin, Oregon. The median listing price is $315K.
Active listings
6
Homes on market
Median list price
$315K
Avg. days on market
8
Days until sale
New this week
3
Newly listed
Who lives in Elgin?
Population
1,592
Median income
$53,750/yr
Median age
37.2 years
Owner-occupied
64.3%
College grads
9.3%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Elgin?
Zillow home value
$275,813
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Elgin?
Elgin is a community of approximately 2K residents with a median age of 37.2 years.The median household income is $53,750, which represents a working-class community with solid middle-income opportunities. 9.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.3%, showing a blend of owner and renter-occupied properties. The average commute time is 23.3 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?
2 schools tracked · 396 students
The largest public schools serving Elgin, OR 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.
Stella Mayfield Elementary School
Grades PK-6 · 230 students
Elgin High School
Grades 7-12 · 166 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, OR?
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 $430,000, up 85.2% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 8 days on market before going under contract.
What is the median income in Elgin?
The median household income is $53,750 per year.
Is Elgin a buyer's or seller's market?
With 6.0 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 $275,813, 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, OR is $430,000 (about $194 per square foot).
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