In the three months ending October 15, 2026, Elgin resales closed at 92.6% of original asking, a little further below their first price than new builds did. Buyers also paid less per square foot for a new build than for a resale. A buyer prices your resale against the new homes on the same tour, and your own number comes from a walkthrough of your home.
Sources: Unlock MLS, pulled October 16, 2026.
107 Elgin homeowners have trusted my real estate team to sell their home, and that count doesn’t include a single buyer we’ve represented. Everything on this page comes from the same MLS record we used to price those homes.
What these numbers mean if you are selling is on Selling in Elgin, TX? How the town's new builds could shape your price, and every number on this page is also broken out in the tables on What do the 78621 housing numbers mean if you are selling in Elgin?
Last updated October 16, 2026. Sales data covers the 90 days ending October 15, 2026 and the twelve months ending the same day (Unlock MLS via MLS Grid); listing inventory as of October 16, 2026.
New builds closed at a median $151 a square foot and resales at $179.
The median sale price follows the same order, $281,250 for new builds and $292,250 for resales, so a new build is the lower number on both measures.
Neither median adjusts for size, age or condition, so they describe the two groups, and your home sits somewhere inside one of them. A buyer who sees one price per square foot on one tour and a different one on the next is not comparing like with like, and the resale seller has to make the difference visible. A buyer who tours both is weighing a lower price per square foot against a home that has been lived in. How a resale seller turns that weighing in the home’s favor is on Which builders are listing homes at your price in Elgin, and where?
Elgin buyers paid 93.2% of the original asking price over the last three months. New builds closed at 93.8% and resales at 92.6%, so resale sellers gave up a little more of the first price.
Both groups closed below the 94% line I use for a buyer’s market, which is the reading for the town overall. Which market your home is in depends on its price point.
The record cannot say that for any one home. The MLS shows what each home sold for and when, and it does not show what a nearby new build did to a neighbor’s price.
What it does show is that most of Elgin’s selling is new construction, so a buyer who has a finished new home on the same tour will compare yours with it. That comparison is real even where its effect on your price cannot be measured from town figures.
The typical Elgin home that sold had 1,826 square feet of living area, so a gap of a few dollars per square foot is a gap across the whole house. Size, age and condition all move the result, and no town median adjusts for them.
Elgin buyers paid $165 a square foot over the past twelve months, against $181 in the twelve months before.
Whether your home moved by the same amount depends on its size, its condition and the price range it lists in, and the town figures cannot say. A seller anchored to last year’s number is anchored to a period that closed higher, and the walkthrough replaces that anchor with this year’s evidence.
The timing side of the question is on Is this fall the time to list your Elgin home, or should you wait?
Builder listings ask a median $158 a square foot and resale listings ask a median $193. Both are asking prices, which show what sellers hope for, and the closed prices above show what buyers paid.
A buyer sees both kinds of number on the same afternoon. The homes that go under contract and the ones that stall are explained on Is your Elgin listing stuck? What to check before you blame a slow market
An appraisal district sets a value each year for tax purposes, and what a buyer pays is settled in the contract. An appraised value can sit above or below what a buyer would pay, and the sold comps behind it were set before the listings a buyer sees now were priced.
Watters International Realty is a real estate brokerage and not a tax or legal adviser. Questions about your own appraised value, your homestead cap, whether to protest, a PID or MUD assessment on your lot, or what a bond election would do to your own tax bill belong with a tax professional, and the record for your specific parcel is held by the Bastrop Central Appraisal District (https://www.bastropcad.org). What WIR can tell you is what a buyer would pay.
I do not predict appraisal outcomes. The full set of Elgin figures, including the 78621 ZIP code, is tabled on What do the 78621 housing numbers mean if you are selling in Elgin?
Your condition and your price range decide it, and the walkthrough tells us where you stand. Run your address to start.
Elgin buyers choose among a lot of new homes. A comp from last spring tells you what someone paid then, and the buyer on your tour is looking at what is listed this week.
For your home, then: set beside the new builds a buyer will tour with it, what would make yours the one they choose?
If you are unsure whether your home is worth what you remember, start by seeing how it compares with the homes a buyer would weigh against it. Request my complimentary Home Competitor Analysis for your address. You get:
No obligation. The report for your part of Elgin arrives within a minute; the pricing analysis comes after we walk the home. Nothing here promises a price, a timeline, or an outcome. 107 homes sold by Watters International Realty in Elgin (Unlock MLS, all time).
Chris Watters’s position, stated September 9, 2026. WIR does not forecast prices; the figures on this page are one period’s measurements.
Your appraised value and recent sold comps is where the market was yesterday. Tomorrow, the market is where your competition stands on price and features.
For an Elgin seller, that competition is the set of new builds and resales a buyer tours this week, as the sections above lay out.
Watters International Realty is a Texas real estate brokerage, and I am its broker of record. This page is based on Unlock MLS data analyzed on October 16, 2026. 107 homes sold by Watters International Realty in Elgin (Unlock MLS, all time).
You get the competing listings near you, what recent Elgin sales show, and a walkthrough before any pricing talk.
No obligation. The report arrives within a minute; the pricing analysis comes after we walk the home. Nothing here promises a price, a timeline, or an outcome.
