Is Elgin, TX 78621 a buyer’s or seller’s market?

The Elgin housing market right now

In the three months ending August 31, 2026, 13% of homes in Elgin, TX 78621 sold above their list price, the typical home went under contract in 97 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 172 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (139 days then) and the median sale price fell 6% to $282,877. Overall, Elgin is more competitive than a year ago, so tougher for buyers.

Within Bastrop County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Elgin ranks #410 of 868 TX ZIP codes with enough sales (score 25 out of 100).

Nearby, buyers who want less competition could look at Rosanky 78953 (0% sold over asking) or Red Rock 78662 (0% sold over asking), while Paige 78659 (25% sold over asking) is even more competitive.