$10,000 Closing Credit*
$1,200,000
5,870 SqFt
5 Beds
•4 Full Baths, 1 Partial
Micaela M. Klassen, Listing Office: Summit Real Estate
Is Elk, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elk has remained a Seller's Market.
Key Takeaway
Elk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elk, NE
How much do homes in Elk, NE cost?
Median Sold Price
$332,500
$219/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$120,000(-26.5%)
Key Takeaway
Homes in Elk have sold for 26.5% less than they did a month ago.
Summary: The median home sold price in Elk was $332,500 in August 2024, down 26.5% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $445K | N/A |
| 3 Bedrooms | $398K | $220K | -44.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $452.5K | - | N/A |
Summary: Elk housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 44.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Little Salt | $425K | $575K | +35.3% |
| Oak | $465K | $427.5K | -8.1% |
| Elk | $452.5K | $332.5K | -26.5% |
| Malcolm | $452.5K | $332.5K | -26.5% |
Housing Supply in Elk, NE
How many homes are available in Elk, NE?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Elk real estate market had 5 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Elk housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elk, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elk in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Elk, NE
How long does it take to sell a home in Elk, NE?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 Days | 1 Days | -25.0% |
Summary: Homes in Elk had an average of 1 days on market in Aug 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elk are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Elk; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.