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Featured local agent — Elba, AL
Sarah Mitchell
Compass Real Estate · Elba, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elba, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$162,000median sale price
How is the Elba, AL housing market right now?
The median home sale price in Elba, AL is $162,000, up 138.2% year-over-year. Homes sell in an average of 91 days with 14 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elba a buyer's or seller's market?
Elba, AL is currently a buyer's market, based on 4.7 months of supply and homes selling in about 91 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
91
Average pace
Active listings
14
4.7 months supply
Sale-to-list
92.4%
Below asking
What does the Elba housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $162,000 |
| Median list price | $212,400 |
| Year-over-year price change | +138.2% |
| Average days on market | 91 days |
| Active inventory | 14 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 92.4% |
| Median price per sq ft | $83/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 14.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elba by property type?
How the Elba, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $162,000 | $83/sq ft | 3 | 91 days |
Source: Redfin · Updated monthly
The Elba housing market is currently classified as a buyer's market with a median sale price of $162,000. Prices have risen 138.2% compared to last year, with homes spending an average of 91 days on market, indicating 4.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Elba
There are currently 14 homes listed for sale in Elba, Alabama. The median listing price is $212K.
Active listings
14
Homes on market
Median list price
$212K
Avg. days on market
91
Days until sale
New this week
4
Newly listed
Who lives in Elba?
Population
3,459
Median income
$41,310/yr
Median age
48.7 years
Owner-occupied
63.5%
College grads
10.0%
Avg commute
23 min
Source: U.S. Census Bureau ACS
What are homes worth in Elba?
Zillow home value
$131,308
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Elba?
Elba is a community of approximately 3K residents with a median age of 48.7 years.The median household income is $41,310, which represents a working-class community with solid middle-income opportunities. 10.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 23 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elba offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elba?
3 schools tracked · 636 students
The largest public schools serving Elba, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elba Elementary School
Grades PK-6 · 395 students
Elba High School
Grades 7-12 · 241 students
The Elba Career Academy
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elba, AL?
Want a head-to-head view? Compare Elba side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elba?
The median home sale price in Elba is $162,000, up 138.2% from last year.
How long do homes stay on market in Elba?
Homes typically spend 91 days on market before going under contract.
What is the median income in Elba?
The median household income is $41,310 per year.
Is Elba a buyer's or seller's market?
With 4.7 months of supply, Elba is currently a buyer's market.
What is the Zillow home value estimate for Elba?
The Zillow Home Value Index (ZHVI) for Elba is $131,308, representing the typical home value in the area.
How much does a single-family home cost in Elba?
The median single-family home price in Elba, AL is $162,000 (about $83 per square foot).
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