Is Elk, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elk is a 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

# BEDSNov 2021Nov 2022%
1 $290K$124.9K
-56.9%
2 $415K$435K
+4.8%
3 $432.5K$591K
+36.6%
4 $585K$645.9K
+10.4%
5+ $682.5K$600K
-12.1%

Median Sold Price Compared To Nearby Cities

Elk
+29.7%
Colbert
+21.8%
Chattaroy
+9.7%
Mount Spokane
+2.2%

How many homes are available in Elk, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
10100.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 44
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
02+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

Asking vs Sold - buyer

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 2021Nov 2022%
19 Days66 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Elk has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Elk, WA

Homes for sale in Elk, WA have reached 10. The median list price of listings available in November 2022 was $590,000, while the average time on the real estate market was 66 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 56.9%, 2 bedrooms properties became 4.8% more expensive, prices of 3 bedrooms properties increased by 36.6%, the cost of 4 bedrooms properties went up by 10.4%, prices of 5 bedrooms properties went down by 12.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. Elk, WA housing market in November 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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