Elba, AL
Housing market overview · Updated weekly
$55,000median sale price
Homes sold
1
Last 12 weeks
Days on market
196
Average pace
Active listings
22
22.0 months supply
Sale-to-list
88.9%
Below asking
The Elba housing market is currently classified as a buyer's market with a median sale price of $55,000. Prices have fallen 61.4% compared to last year, with homes spending an average of 196 days on market, indicating 22.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Elba
There are currently 22 homes listed for sale in Elba, Alabama. The median listing price is $229K.
Active listings
22
Homes on market
Median list price
$229K
Avg. days on market
196
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Elba?
The median home sale price in Elba is $55,000, down 61.4% from last year.
How long do homes stay on market in Elba?
Homes typically spend 196 days on market before going under contract.
Is Elba a buyer's or seller's market?
With 22.0 months of supply, Elba is currently a buyer's market.
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