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Market Intelligence · NC / Alamance County

Elon, NC home prices and housing market

1 ZIP market liveData updated September 2026Typical value$314K1-yr changeUp1.8%

The typical home value in Elon, NC is $314K as of September 2026, up 1.8% from a year ago, based on the Zillow Home Value Index. In the typical Elon ZIP code, the median list price is $322K and homes spend a median of 79 days on market as of September 2026 (Realtor.com).

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The coverage

Elon, by the numbers.

Typical home valueZillow ZHVI, September 2026
$314K
1-yr changeMedian across Elon ZIPs
+1.8%
ZIP markets live
1
County
Alamance County

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12-month value trend

+1.8% over 12 months

Typical home value in Elon over the last 12 months: $309K in Sep 2025 to $314K in Sep 2026 (+1.8%).

Sep 2025$309K

Sep 2026$314K

Median Zillow home value index across Elon's ZIP codes.

Context

Elon's housing market is moving steadily in the seller's favor. The typical home value stands at $314,177, up 1.8% over the past year as of September 2026. With 37 homes for sale and only 8 new listings in recent weeks, inventory remains lean. The median list price is $322,200, and homes typically spend 79 days on market before selling. One note of caution: 30.4% of current listings have already seen a price reduction, suggesting that some sellers are adjusting expectations to match buyer demand. If you're weighing a sale, the modest supply and year-over-year appreciation are encouraging, but the price cuts signal that timing and pricing precision matter.

The numbers

What is the housing market like in Elon, NC?

Typical home value

$314K

Up1.8%YoY

Median list price

$322K

Days on market

79

Homes for sale

37

Price cuts

30.4%

New listings

8

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Elon's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Elon, NC home prices over time

Typical home values in Elon, NC are up 1.8% over the past year, from $309K in September 2025 to $314K in September 2026.

Typical home value in Elon, NC, September of each year
MonthTypical value1-yr change
September 2026$314,177+1.8%
September 2025$308,516No prior year

Typical value is the median Zillow Home Value Index across Elon ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Elon, NC a buyer's or seller's market?

Elon, NC leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 79 days on market and 30% of listings with a price cut in the typical Elon ZIP code, and 8 new listings against 37 active listings across Elon, as of September 2026 (Realtor.com).

The outlook

Elon housing market forecast 2027

+0.8%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Elon ZIP code, points to typical home values rising 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in Elon rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in Elon?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Elon shows typical home values rising 0.8% by September 2027, after a 1.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Elon ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Elon?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Elon, NC home prices.

How much is a home in Elon worth?

The typical home value in Elon is $314,177 as of September 2026, up 1.8% from the previous year.

How long does it take to sell a house in Elon?

Homes in Elon spend a median of 79 days on market. With 37 homes currently for sale, the selection remains limited.

Are sellers adjusting prices in Elon?

Yes, 30.4% of current listings have recorded a price cut, indicating some flexibility among sellers in the current market.

Are home prices going up or down in Elon, NC?

Typical home values in Elon, NC are up 1.8% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Elon, NC a buyer's or seller's market?

Elon, NC leans toward a buyer's market. Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 79 days on market and 30% of listings with a price cut in the typical Elon ZIP code, and 8 new listings against 37 active listings across Elon, as of September 2026 (Realtor.com).

Nearby markets

More North Carolina housing markets.

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