The typical home value in
Elgin
is projected to be
$263,750
for the month of
July.
June’s
finalized data reported the typical value of a home in the
city
to be
$260,000—up
21.21%
over the previous 12 months.
For comparison,
metro-level
data pegged home values at
$426,420
in
the Charlotte, NC metro area
for the most recent reporting period.
That number is expected to float around
$431,120
in
July.
Elgin
had
13
active listings in
June,
including
8
new listings. Overall, active listings were
up
18.18%
from the previous month.
Of those
13
active listings,
30.77%
reduced their price in the month of
June.
The median listing price for homes in
Elgin
grew
19.03%
from
May
to
June,
bringing the current median listing price to
$276,750.
Based on projected data for
July,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
June 2025,
the median time for a listed property to go pending was
52
days, compared to
61
days in
June 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
July.