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Featured local agent — Elm Creek, TX
Sarah Mitchell
Compass Real Estate · Elm Creek, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elm Creek, TX Housing Market
The last median sale price Redfin published was $279,900, +23.6% year over year (through May 2026). With 6.0 months of supply and homes going under contract in about 75 days, Elm Creek is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $279,900 home is about $1,494/mo in principal and interest.
Key numbers for Elm Creek, TX
Median sale price
$279,900
+23.6% year over year
Redfin, through April 2026
Days on market
75
Slow-moving
Redfin, through April 2026
Active listings
6
6.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$62,331
Home costs 4.5x income
U.S. Census ACS, 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elm Creek a buyer's or seller's market?
Elm Creek, TX is a buyer's market, based on 6.0 months of supply and homes selling in about 75 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elm Creek housing market data show?
Every row below is Redfin's final published month for Elm Creek, TX. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $279,900 |
| Median list price | $422,500 |
| Year-over-year price change | +23.6% |
| Median price per sq ft | $105/sq ft |
| Median days on market | 75 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elm Creek is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elm Creek is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elm Creek home prices moved?
Over the last three years the median sale price in Elm Creek, TX rose 76.0%, from $159,000 to $279,900. 16.7% of Elm Creek listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Elm Creek?
Priced off the median sale price of $279,900 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $55,980 | $223,920 | $1,494/mo |
| 5% | $13,995 | $265,905 | $1,774/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,494, that implies roughly $64,040 a year before you add taxes and insurance. The median household in Elm Creek earns $62,331, about $1,709 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 4.5x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elm Creek in the next 12 months?
Tell us your timeline. We send the Elm Creek market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elm Creek?
Zillow does not publish a rent index (ZORI) for Elm Creek, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elm Creek?
Active listings in Elm Creek, TX went from 3 in November 2024 to 6 in April 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| December 2024 | 4 | 1 |
| March 2025 | 5 | not published |
| April 2025 | 5 | 2 |
| June 2025 | 5 | 3 |
| July 2025 | 6 | 2 |
| August 2025 | 6 | 2 |
| September 2025 | 7 | not published |
| October 2025 | 6 | 1 |
| November 2025 | 8 | 2 |
| January 2026 | 5 | not published |
| March 2026 | 6 | not published |
| April 2026 | 6 | 2 |
Redfin, through April 2026
How does Elm Creek compare to Texas and the U.S.?
Elm Creek homes sell for $279,900 — 21% below the Texas median of $356,100. Against the national median of $410,700, Elm Creek runs 32% lower. Year-over-year, Elm Creek moved +23.6% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elm Creek, TX | $279,900 | +23.6% | 75 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elm Creek
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 16.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $280 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $279,900 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elm Creek listing goes under contract in 75 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Elm Creek added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Elm Creek varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elm Creek
There are currently 6 homes listed for sale in Elm Creek, Texas. The median listing price is $423K.
Active listings
6
Homes on market
Median list price
$423K
Avg. days on market
75
Days until sale
New this week
2
Newly listed
How much do homes cost in Elm Creek by property type?
How the Elm Creek, TX market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $279,900 | $105/sq ft | 1 | 75 days |
Who lives in Elm Creek?
American Community Survey estimates for Elm Creek. U.S. Census ACS, 2023
Population
3,730
Households
1,019
Median income
$62,331/yr
Median age
27.9 years
Owner-occupied
89.3%
Median home value
$116,500
Mean commute
31.7 min
89.3% of occupied homes in Elm Creek are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Elm Creek, TX?
Ordered by distance from Elm Creek, not by size. Compare Elm Creek side by side with any of them.
Elm Creek housing market FAQ
Is Elm Creek a buyer's or seller's market?
Elm Creek, TX is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 75 days in the last month Redfin published (May 2026).
How much do homes cost in Elm Creek?
The median sale price in the last month Redfin published was $279,900, about $105 per square foot.
Is Elm Creek cheaper than the rest of Texas?
Elm Creek's median sale price of $279,900 is 21% lower than the Texas statewide median of $356,100, and 32% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elm Creek?
Homes in Elm Creek, TX spent a median of 75 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Elm Creek?
At the current 30-year fixed rate of 7.03%, 20% down on a $279,900 home is about $1,494 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $64,040 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,331.
Are home prices rising in Elm Creek?
Redfin's last published year-over-year change for Elm Creek, TX was +23.6%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Elm Creek?
Elm Creek ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elm Creek?
That depends on your timeline, not on a headline. What the data says today: Elm Creek, TX is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $279,900, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.