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Featured local agent — Elgin, SC
Sarah Mitchell
Compass Real Estate · Elgin, SC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elgin, SC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$224,750median sale price
How is the Elgin, SC housing market right now?
The median home sale price in Elgin, SC is $224,750, down 11.0% year-over-year. Homes sell in an average of 166 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, SC is currently a balanced market, based on 1.0 months of supply and homes selling in about 166 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
166
Average pace
Active listings
6
1.0 months supply
Sale-to-list
93.5%
Below asking
What does the Elgin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $224,750 |
| Median list price | $360,000 |
| Year-over-year price change | -11.0% |
| Average days on market | 166 days |
| Active inventory | 6 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 93.5% |
| Median price per sq ft | $180/sq ft |
| Homes sold (latest month) | 6 |
| 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, SC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $224,750 | $180/sq ft | 6 | 166 days |
Source: Redfin · Updated monthly
The Elgin housing market is currently classified as a balanced market with a median sale price of $224,750. Prices have fallen 11.0% compared to last year, with homes spending an average of 166 days on market, indicating 1.0 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 4.1x 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, South Carolina. The median listing price is $360K.
Active listings
6
Homes on market
Median list price
$360K
Avg. days on market
166
Days until sale
New this week
3
Newly listed
Who lives in Elgin?
Population
2,258
Median income
$74,167/yr
Median age
52.3 years
Owner-occupied
85.8%
College grads
17.4%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elgin?
Zillow home value
$302,508
Zillow rent index
$1,877/mo
Price-to-rent ratio
13.4x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Elgin?
Elgin is a community of approximately 2K residents with a median age of 52.3 years.The median household income is $74,167, which represents a working-class community with solid middle-income opportunities. 17.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 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?
6 schools tracked · 3,988 students
The largest public schools serving Elgin, SC 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.
Pontiac Elementary
Grades PK-5 · 791 students
Blaney Elementary
Grades PK-5 · 757 students
Leslie M. Stover Middle
Grades 6-8 · 692 students
Catawba Trail Elementary
Grades PK-5 · 666 students
Bridge Creek Elementary
Grades PK-5 · 562 students
Bookman Road Elementary
Grades PK-5 · 520 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, SC?
Want a head-to-head view? Compare Elgin side-by-side with any other U.S. city using our market-comparison tool.
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 softened 11.0% year-over-year, potentially creating entry opportunities for strategic buyers.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 $224,750, down 11.0% from last year.
How long do homes stay on market in Elgin?
Homes typically spend 166 days on market before going under contract.
What is the median income in Elgin?
The median household income is $74,167 per year.
Is Elgin a buyer's or seller's market?
With 1.0 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 $302,508, 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, SC is $224,750 (about $180 per square foot).
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