Elon, NC Foreclosures
Current Market Conditions in in Elon, NC As of January 2026?
In the past month, the Elon real estate market has seen a slight increase in average home prices by roughly 2%. This followed a period of steady growth, and bidding wars remain common due to low inventory. Sellers are feeling confident, as homes are selling quickly—often within a week of being listed. The market continues to favor sellers, though potential buyers are encouraged to act swiftly to secure properties before they are purchased by others.
How much do homes sell for in Elon, NC?
The average home price is currently $362,696.
In Elon, NC, how many homes are available?
There are currently 13 active home listings available in Elon.
What’s the average rental cost in Elon, NC?
The average rental price in Elon is $1,213.
What is the most expensive home in Elon?
The most expensive home sold in Elon had a price of $34,343,334.
What is currently the cheapest priced home in Elon, NC?
The cheapest home for sale in Elon is priced at $11,031.
Living in Elon, NC
Elon, a charming town in North Carolina, is well-known for its vibrant community and proximity to the notable Elon University. With beautiful landscapes and a welcoming atmosphere, Elon offers its residents a balance of small-town tranquility and active educational life. The town boasts convenient amenities, recreational parks, and a variety of local shops, making it an attractive place to live and work.
Buyer vs Seller Market in Elon, NC
The real estate market in Elon, NC, has shown strong growth in 2023, with an increase in home prices due to the growing popularity of the area, particularly among families and university staff. The demand for homes has outpaced the supply, leading to competitive bidding situations in many neighborhoods, especially those near the university. Home styles vary, with a mix of traditional and modern designs appealing to different buyers.
Investors are starting to take notice of Elon as the town's amenities and transportation options improve. New businesses are appearing in the area, further enhancing property values. As the university expands and local population grows, projections suggest continued appreciation in real estate values.
Home Value Estimator For Elon, NC
There are currently 3,746 real estate properties
in Elon, NC,
with a median automated valuation model (AVM) price
of $299,144.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elon, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elon, NC,
is $362,696.00, with the most expensive house
in Elon, NC, topping out
at $34,343,334.00 and the cheapest home
in Elon, NC,
clocking in at $11,031.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elon, NC!
Rent Prices
In Elon, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elon, NC, is on
a rollercoaster ride. The
average rent price in Elon, NC,
is $1,213.00. Indeed, when looking to rent in
Elon, NC, you can expect to pay as little
as $500.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,130.00. The good news is that finding
an affordable and desirable property to rent in Elon, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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