Is Elk, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2021
Since last year, 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.
How much do homes in Elk, WA cost?
Median Sold Price
$590,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2021
+$135,000(+29.7%)
Key Takeaway
Homes in Elk have sold for 29.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Nov 2021 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | $290K | $124.9K | -56.9%  |
| 2 Bedrooms | $415K | $435K | +4.8% |
| 3 Bedrooms | $432.5K | $591K | +36.6% |
| 4 Bedrooms | $585K | $645.9K | +10.4% |
| 5+ Bedrooms | $682.5K | $600K | -12.1% |
Median Sold Price Compared To Nearby Cities
| Elk | $455K | $590K | +29.7% |
| Colbert | $515K | $627.5K | +21.8% |
| Chattaroy | $575K | $631K | +9.7% |
| Mount Spokane | $605K | $618.1K | +2.2% |
How many homes are available in Elk, WA?
Number of Homes For Sale
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 10 | 10 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Oct 2022 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Number of Homes Sold
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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.
Average Sale Time
| Nov 2021 | Nov 2022 | % |
|---|---|---|
| 19 Days | 66 Days | +241.4% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elk has remained consistent over time.
