Is Elkhart, TX 75839 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Elkhart is a buyer’s market. With about 17.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply17.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$73▼ −53.7% vs. last year

The Elkhart housing market right now

In the three months ending August 31, 2026, 0% of homes in Elkhart, TX 75839 sold above their list price, the typical home went under contract in 22 days and there were 17.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (69 days then) and the median sale price fell 40% to $128,944. Overall, Elkhart is more competitive than a year ago, so tougher for buyers.

Within Anderson County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Frankston 75763 (13% sold over asking) and Palestine 75801 (5% sold over asking) are even more competitive.

Nearby markets

Frankston 75763Balanced $173 /sq ftMontalba 75853 — /sq ftPalestine 75801Balanced $144 /sq ftPalestine 75803Balanced $138 /sq ft Browse all markets →

Where Elkhart is

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Questions about Elkhart real estate

Is Elkhart a buyer’s or seller’s market?

A buyer’s market: there were 17.1 months of supply in Elkhart, TX 75839 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Elkhart?

The typical home went under contract in 22 days in the latest three months.

Do homes in Elkhart sell over asking?

0% of homes sold above their original list price.

What are property taxes in Elkhart?

About 0.92% of a home’s value a year in Anderson County, or roughly $3,680 on a $400,000 home.

What is the median home price in Elkhart?

The median sale price was $128,944 in the three months ending August 31, 2026, about $73 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology