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Saturday, November 23, 2024

Rising home valuations in Elgin in the first half of 2022

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The median assessed value of a home sold in the first half of 2022 in Elgin rose by $22,791 while total valuation decreased by 86.8 percent, according to BlockShopper.com.

From January through June, there were 10 homes sold, with a median home valuation of $194,447 - a 13.3 percent increase over the $171,656 median valuation for the same period of the previous year. There were 76 homes sold in Elgin in the first half of 2021.

The following table compares Elgin to other Bastrop County cities in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median ValuationJanuary - June 2021 Median Valuation% change (Median Valuation)
Circle D-KC Estates433-87.9$238,569$200,81318.8
Wyldwood923-60.9$216,944$211,8792.4
Smithville1353-75.5$213,078$169,04926
Bastrop18134-86.6$197,885$195,6681.1
Elgin1076-86.8$194,447$171,65613.3
Camp Swift1246-73.9$126,649$124,1362
McDade110-90$117,604$78,29450.2

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