$130,000
1.00 Acres
Land
Rudy Amesquita, Listing Office: HomeSmart Real Estate Assoc
Is Elma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$20,000(+5.4%)
Key Takeaway
Homes in Elma have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Elma was $390,000 in September 2024, up 5.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395.5K | $349.9K | -11.5% |
| 2 Bedrooms | $260K | $349.9K | +34.6% |
| 3 Bedrooms | $375K | $389.9K | +4.0% |
| 4 Bedrooms | $432K | $510K | +18.1% |
| 5+ Bedrooms | $435K | $415K | -4.6% |
Summary: Elma housing prices by bedroom type for September 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 4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in Elma, WA
How many homes are available in Elma, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Summary: The Elma real estate market had 53 homes for sale in September 2024, a 10.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Elma housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elma, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Elma in September 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 55 Days | +123.0% |
Summary: Homes in Elma had an average of 55 days on market in Sep 2024, up by 123% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elma are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Elma; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.