Is Elk, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Elk was a Buyer's Market.
Housing Prices in Elk, WA
How much do homes in Elk, WA cost?
Median Sold Price
$515,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elk was $515,000 in May 2024, down 11.6% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $425K | N/A |
2 Bedrooms | $370K | $363K | -1.9% |
3 Bedrooms | $590K | $582.5K | -1.3% |
4 Bedrooms | $585.4K | $472.5K | -19.3% |
5+ Bedrooms | $595K | $744.5K | +25.1% |
Summary: Elk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $616.2K | $660K | +7.1% |
Colbert | $609K | $599.9K | -1.5% |
Chattaroy | $630K | $587.5K | -6.7% |
Elk | $582.5K | $515K | -11.6% |
Housing Supply in Elk, WA
How many homes are available in Elk, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Summary: The Elk real estate market had 19 homes for sale in May 2024, a 58.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Elk housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Elk in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Elk, WA
How long does it take to sell a home in Elk, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 10 Days | +106.7% |
Summary: Homes in Elk had an average of 10 days on market in May 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 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.