Home ValuePros

Market Intelligence · NC / Elon

Elon, NC 27244 Housing Market

The typical home in Elon, 27244, is valued at $321,700, having gained 1.9% over the past year. The median list price stands at $330,000, with homes taking a median 72 days to sell.

Updated August 2026Median value$319K

The median home value in Elon, NC 27244 is $319K as of August 2026, up 2.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 27244 range

$293K to $344K

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

+2.0% over 12 months

Typical home value in 27244 over the last 12 months: $312K in Aug 2025 to $319K in Aug 2026 (+2.0%).

Aug 2025$312K

Aug 2026$319K

The numbers

What is the 27244 housing market like?

Typical home value

$319K

Up2.0%YoY

Median list price

$330K

Down8.6%MoM

Days on market

72

Up2.9%MoM

Homes for sale

40

Up14.3%MoM

Price cuts

23.2%

Down5.7%MoM

New listings

16

Up300.0%MoM

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

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The comparison

How do 27244 home prices compare?

  • 27244$318,603
  • Elon$318,603
  • North Carolina$287,619
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Elon: 1 ZIPs; North Carolina: 718 ZIPs; United States: 26,265 ZIPs).

Context

There are currently 40 homes for sale in Elon, with 16 new listings as of August 2026. Over one-fifth of active listings, specifically 23.2%, have seen price reductions. The median time on market of 72 days suggests homes are moving steadily but not quickly. Sellers should expect a realistic pace here, particularly given that nearly a quarter of listings have been repriced downward.

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