Best in Texas™: Elgin’s Housing Market in April 2024: Unveiling Trends Amidst a Dynamic Shift in Sales and Prices by ALEX.realestate

ALEX Labs just completed analysis of Elgin single family sales reported to the Austin Board of Realtors for April 2024. In about 60 seconds know more about the Elgin real estate market than almost anyone! 

NOTE: Elgin is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market.

---

SUMMARY TABLE:

---

MONTHLY TREND:-2%
Predicted Monthly Trend: -2.12% DECREASE from prior month
Sales Net of Monthly Trend: A +0.12% POSITIVE difference in actual vs predicted sales

TOTAL SALES: 43

Down 2% from the previous month.
Up 8% from the same month last year

TOTAL NET SALES VOLUME: $14,370,000

Down 12% from the previous month.
No change from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

$191 per square foot average:
No change from the previous month.
Down 3% from the same month last year.

$197 per square foot median:
Up 6% from the previous month.
Up 5% from the same month last year.

NET SALE PRICE:

$330,000 average:
Down 11% from the previous month.
Down 8% from the same month last year.

$311,000 median:
Down 4% from the previous month.
Down 4% from the same month last year.

LIST PRICE PER SQUARE FOOT:

$195 per square foot average:
Down 1% from the previous month.
Down 4% from the same month last year.

$198 per square foot median:
Up 3% from the previous month.
Up 1% from the same month last year.

LIST PRICE:

$338,000 average:
Down 11% from the previous month.
Down 8% from the same month last year.

$318,000 median:
Down 4% from the previous month.
Down 4% from the same month last year.

DISCOUNT FROM LIST PRICE:

-3.5% average discount:
Down 58% from the previous month.
Down 50% from the same month last year.

-3.0% median discount:
Down 28% from the previous month.
Up 113% from the same month last year.

DAYS FROM LISTING TO ESCROW:

81 average days on market:
Down 11% from the previous month.
Up 4% from the same month last year.

59 median days on market:
Down 22% from the previous month.
Up 20% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $309

Up 8% from the previous month.
Down 32% from the same month last year.

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

HIGH NET SALE PRICE: $725,000

Up 5% from the previous month.
Down 19% from the same month last yea

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

---

ALEX knows more about Elgin area than just about anybody.

If you have any questions, I am always here. Just call, text or email me. Diane

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate