Elon NC Real Estate Market Report – What Buyers and Sellers Need to Know

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Homes for sale in Elon, NC — Mantle Realty

Elon is defined by its leafy university campus—and that college-town energy gives the local market a steady, distinctive pulse.

Whether you're buying, selling, or just keeping an eye on your home's value, understanding the Elon market helps you make smarter moves.

Let's break it down.

What's Happening in Elon NC

  • Home Prices: With Elon University anchoring the town and I-40/85 right at the doorstep, homes near campus and in surrounding neighborhoods hold their value well, buoyed by steady interest from faculty, families, and investors alike.
  • Inventory: Supply stays tight, especially for homes within a short walk or drive of campus, where turnover is limited.
  • Days on Market: Desirable, well-priced homes move fast in this compact market, often drawing more than one interested buyer.
  • Buyer Demand: University families and Triad commuters keep competition lively, and interest tends to stay steady through the seasons.

Who's Moving to Elon?

Elon draws people tied to the university, along with buyers from nearby Burlington and Greensboro who want the walkable, tree-lined college-town lifestyle. The I-40/85 corridor also brings in commuters splitting time between the Triad and the Triangle. Investors keep an eye on the area too, drawn by the steady rhythm a university community provides.

Locals move within Elon too—families upsizing as they grow, professionals settling near work, and longtime owners downsizing while staying close to campus life and the community around it. The town's compact size means most moves happen within a familiar few square miles.

Why This Market Report Matters

Elon is a true micro-market, shaped by the rhythms of the university in a way regional headlines never capture. The live numbers below tell the real, local story. Current listing and sale activity is the clearest way to gauge where this distinctive market stands.

Thinking about buying or selling in Elon? We track this market daily, backed by real local numbers.

Let's talk about your goals and what's actually happening in the Elon market—reach out to the Mantle Realty team anytime.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1309 Princeton Drive 4 3 2,696 $445,000 $165 0 days
1309 Princeton Dr 4 3 2,696 $445,000 $165 0 days
Lot 10 Georgetowne Drive N/A N/A N/A $100,000 Unknown 1 day
Lot 10 Georgetowne N/A N/A N/A $100,000 Unknown 0 days
114 Camelot Dr N/A N/A N/A $75,000 Unknown 9 days
3660 Altamahaw Church Street N/A N/A N/A $59,900 Unknown 13 days
216 Underwood Rd 3 1 2,470 $289,900 $117 13 days
3660 Altamahaw Church St N/A N/A N/A $59,900 Unknown 13 days
216 Underwood Road 3 1 1,235 $289,900 $234 13 days
1416 Stone Gables Dr 3 2 1,862 $350,000 $187 15 days
1416 Stone Gables Drive 4 2 1,862 $350,000 $187 15 days
102 Campus Walk Trail Unit #301 3 3 1,490 $210,000 $140 17 days
Average: 3.3 2.7 2,043 $357,173 $186 77 days
Viewing 1 - 12 of 81
Viewing 1 - 12 of 81
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6002 Windsor Circle 4 4 3,139 $645,000 $205 10 days
6002 Windsor Cir 4 4 3,139 $645,000 $205 10 days
7391 Howerton Rd 2 2 2,926 $640,000 $218 21 days
902 Mill Pointe Way 3 3 3,520 $710,000 $201 30 days
1185 Hackney Drive Unit #117 3 3 2,839 $555,352 $195 32 days
1325 Cricket St 4 4 3,474 $519,900 $149 32 days
1325 Cricket Street 4 4 3,330 $519,900 $156 32 days
3620 Westmeadow Ln 3 2 1,210 $295,000 $243 34 days
3620 Westmeadow Lane 3 2 1,210 $295,000 $243 34 days
2832 Ricolden Trail 3 2 1,527 $331,999 $217 43 days
2838 Ricolden Trail 3 2 1,351 $319,999 $236 43 days
2832 Ricolden Trl 3 2 1,527 $331,999 $217 43 days
Average: 3.2 2.6 2,430 $536,747 $196 229 days
Viewing 1 - 12 of 24
Viewing 1 - 12 of 24
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2955 Midway Church N/A N/A N/A $33,000 $20,000 Unknown 1894174 days 4/14/01
1190 Stone Gables Dr 3 2 2,146 $450,000 $450,000 $209 34 days 9/11/26
1190 Stone Gables Drive 3 2 2,146 $450,000 $450,000 $209 35 days 9/11/26
415 Cook Rd 4 3 2,526 $425,000 $425,000 $168 82 days 9/8/26
415 Cook Road 4 3 2,526 $425,000 $425,000 $168 82 days 9/8/26
713 Mill Pointe Way 4 4 3,395 $699,000 $675,000 $198 137 days 9/1/26
713 Mill Pointe Way 4 4 3,395 $699,000 $675,000 $198 137 days 9/1/26
Broken Arrow Lane N/A N/A N/A $275,000 $275,000 Unknown 59 days 8/27/26
Broken Arrow Ln N/A N/A N/A $275,000 $275,000 Unknown 59 days 8/27/26
1535 Shaw Road 4 2 2,287 $265,000 $257,000 $112 45 days 8/26/26
2912 Gibsonville Ossipee Rd 3 2 1,406 $350,000 $340,000 $241 269 days 8/21/26
2912 Gibsonville Ossipee Road 3 2 1,406 $350,000 $340,000 $241 269 days 8/21/26
Average: 3.4 2.7 2,097 $356,843 $353,955 $183 15892 days
Viewing 1 - 12 of 120
Viewing 1 - 12 of 120

“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

Last Updated:

The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .