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Market Intelligence · NC / Elon

Elon, NC 27244 Housing Market

The typical home in Elon, NC 27244 is worth $314,177, up 1.8% over the past year as of September 2026. Sellers listed homes at a median of $322,200, and homes spent a median of 79 days on the market.

Updated September 2026Median value$314K

The median home value in Elon, NC 27244 is $314K as of September 2026, up 1.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 27244 range

$289K to $339K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.8% over 12 months

Typical home value in 27244 over the last 12 months: $309K in Sep 2025 to $314K in Sep 2026 (+1.8%).

Sep 2025$309K

Sep 2026$314K

The numbers

What is the 27244 housing market like?

Typical home value

$314K

Up1.8%YoY

Median list price

$322K

Down2.4%MoM

Days on market

79

Up9.7%MoM

Homes for sale

37

Down7.5%MoM

Price cuts

30.4%

Up31.2%MoM

New listings

8

Down50.0%MoM

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

The outlook

27244 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27244 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 27244 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 27244?

Zillow's forecast does not call for a drop: it expects typical home values in 27244 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 27244 home prices compare?

  • 27244$314,177
  • Elon$314,177
  • North Carolina$284,347
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Elon: 1 ZIP; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there were 37 homes for sale in 27244, with 8 new listings hitting the market that month. The median list price was $322,200, just above the typical home value of $314,177, which rose 1.8% over the past year. Homes took a median of 79 days to sell, so buyers had time to compare options. Price cuts were common, with 30.4% of listings reduced. Sellers here should price carefully from the start, since slow sales and frequent cuts suggest buyers are pushing back on asking prices.

Monthly payment

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20% · $62,835

Common questions

What people ask us.

How much is a home in 27244 worth?

The typical home value in 27244 is $314,177 as of September 2026, up 1.8% over the past year. The median list price in the area is $322,200.

How fast do homes sell in 27244?

Homes in 27244 spent a median of 79 days on the market as of September 2026. That points to a slower pace where buyers have room to negotiate.

Are sellers cutting prices in 27244?

Yes. As of September 2026, 30.4% of listings in 27244 had a price cut, and there were 37 homes for sale with 8 new listings that month.

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