Is Elma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elma has remained a Seller's Market.
Housing Prices in Elma, WA
How much do homes in Elma, WA cost?
Median Sold Price
$358,175
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elma was $358,175 in April 2024, up 4.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $395.5K | N/A |
2 Bedrooms | $275.2K | $300K | +9.0% |
3 Bedrooms | $355K | $375K | +5.6% |
4 Bedrooms | $415K | $486K | +17.1% |
5+ Bedrooms | $425K | $445K | +4.7% |
Summary: Elma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Elma, WA
How many homes are available in Elma, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Elma real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 2 | 8 | +300.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Elma in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 32 Days | -35.6% |
Summary: Homes in Elma had an average of 32 days on market in Apr 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Elma; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.