Elon College Historic District · Photo: MPD01605 from Sterling, Virginia, United States, United States · CC BY-SA 2.085 homes sold in Elon in the last year, at a typical $445K
About one sale in 7 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Elon homes are listed.
Every place Elon homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Elon.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 85% of Elon’s sales, at a typical $458K
85 homes sold in the year to May 2026.
typical sale · 72 sold in 12 months
- Per square foot
- $179NC $207
- Days to sell
- 74
- Sold over asking
- 33%
- Listings with a price cut
- 33%
Townhouses: 8 sold, typical $326K
Condos: 5 sold, typical $369K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
85 sales in the last year, against 98 in 2017 and a low of 48 in 2012. The typical sale went from $208K in 2016 to $445K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Elon
Check a listing against what Elon homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Elon are more common than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Elon’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 85 sales.
If you’re buying in Elon
- Shop in May. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (36% over asking).
- You can negotiate. 33% of listings have cut their price, against 6% before the pandemic.
- Bid near asking. Buyers paid 99.5% of the list price on average; 33% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 66 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 11 a month), and the most competition: 36% close over asking. January has the least competition (10%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than North Carolina
| Elon now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 16% | 58% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 2% | 28% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 33% | 6% | 23% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 99.5% | 97.9% | 102.7% | 97.8% |
| Days to sellMedian days from listing to contract | 66 | 101 | 34 | 62 |
22 homes for sale on a typical day
That’s 3.6 times the 2022 low (6), 24% fewer than in 2017–19 and well under 2013’s 62.
1 in 3 listings has cut its price
33% in the last year, against 6% in 2017–19 and 27% across North Carolina. More sellers are pricing high and coming down.
Since 2019, houses are up 73%, condos 121%
A house typically sold for $458K in the last year (72 sales), a condo for $369K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Elon ranks 7th of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Elon is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Elon home costs about $2,590 a month
Price: Elon’s typical sale, last 12 months. Property tax at Elon’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Elon is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $445K home, about $3,220 a year.
Taxes vs. neighborsSchools
The schools grade for Elon, from test results, graduation and how much students grow.
Schools in ElonCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Gibsonville and Graham sell for less a square foot
The busier markets within 25 miles of Elon, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Burlington | 753 | $261K | $174 | 16% | 49 |
| Graham | 356 | $349K | $171 | 9% | 74 |
| Gibsonville | 289 | $324K | $169 | 9% | 74 |
| Swepsonville | 101 | $372K | $173 | 6% | 89 |
| Elon | 85 | $445K | $178 | 33% | 66 |
| Glen Raven | 45 | $269K | $189 | 27% | 39 |
| Haw River | 27 | $270K | $188 | 22% | 100 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Elon, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Elon. People who follow the town see it, and so do people comparing Elon with their own town. No commission, no listing fee.
Questions about buying a home in Elon
What do homes sell for in Elon, NC?
85 homes sold in the year to May 2026 at a typical $445K, $178 a square foot.
Is Elon a buyer’s or seller’s market?
A seller’s market: 23 homes were for sale in May 2026 and 8 sold, about 2.9 months of supply. Buyers paid 99.5% of asking on average, and 33% of listings cut their price.
When is the best time to buy in Elon?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Elon?
About 0.7% of a home’s value a year. On a $445K home that’s near $3,220.
Where can I see homes for sale in Elon?
Zillow, Redfin, Realtor.com and Homes.com all carry Elon’s MLS listings; the search links above open each one filtered to Elon.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).