The typical home value in
Elon
is projected to be
$271,020
for the month of
February.
January’s
finalized data reported the typical value of a home in the
city
to be
$363,500—down
19.13%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$340,000
in
Alamance County
for the most recent reporting period.
That number is expected to float around
$347,500
in
February.
Elon
had
9
new listings and
10
listings that went under contract in
January,
increasing
the area’s total available inventory to
19—up
5.56%
from the previous month. Inventory is projected to have further
increased
in
February.
Of those
19
active listings,
31.58%
reduced their price in the month of
January.
The median listing price for homes in
Elon
fell
15.46%
from
December
to
January,
bringing the current median listing price to
$410,000.
Based on projected data for
February,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
January 2026,
the median time for a listed property to go pending was
16
days, compared to
-63
days in
January 2025.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
February.
