$5,344 Closing Credit*
$450,000
2,938 SqFt
3 Beds
•2 Full Baths
Ryan Reynolds, Listing Office: WEICHERT, Realtors Reynolds RE
Is Elma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Elma was a Seller's Market.
Key Takeaway
Elma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elma, WA
How much do homes in Elma, WA cost?
Median Sold Price
$390,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+11.4%)
Key Takeaway
Homes in Elma have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Elma was $390,000 in October 2024, up 11.4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395.5K | $349.9K | -11.5% |
| 2 Bedrooms | $260K | $349.9K | +34.6% |
| 3 Bedrooms | $370K | $389.9K | +5.4% |
| 4 Bedrooms | $432K | $510K | +18.1% |
| 5+ Bedrooms | $435K | $365K | -16.1% |
Summary: Elma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 16.1%.
Housing Supply in Elma, WA
How many homes are available in Elma, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Summary: The Elma real estate market had 58 homes for sale in October 2024, a 18.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Elma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elma, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Elma in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Elma, WA
How long does it take to sell a home in Elma, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 162 Days | +967.2% |
Summary: Homes in Elma had an average of 162 days on market in Oct 2024, up by 967.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elma has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Elma; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.