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Featured local agent — Elmwood, LA
Sarah Mitchell
Compass Real Estate · Elmwood, LA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elmwood, LA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Elmwood, LA housing market right now?
The median home sale price in Elmwood, LA is $295,000, up 5.4% year-over-year. Homes sell in an average of 125 days with 15 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elmwood a buyer's or seller's market?
Elmwood, LA is currently a buyer's market, based on 15.0 months of supply and homes selling in about 125 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
125
Average pace
Active listings
15
15.0 months supply
Sale-to-list
100.0%
Above asking
What does the Elmwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $312,000 |
| Year-over-year price change | +5.4% |
| Average days on market | 125 days |
| Active inventory | 15 listings |
| Months of supply | 15.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $200/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elmwood by property type?
How the Elmwood, LA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $295,000 | $200/sq ft | 1 | 125 days |
| Condo / Co-op | $169,000 | $176/sq ft | 1 | 134 days |
Source: Redfin · Updated monthly
The Elmwood housing market is currently classified as a buyer's market with a median sale price of $295,000. Prices have risen 5.4% compared to last year, with homes spending an average of 125 days on market, indicating 15.0 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 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Elmwood
There are currently 15 homes listed for sale in Elmwood, Louisiana. The median listing price is $312K.
Active listings
15
Homes on market
Median list price
$312K
Avg. days on market
125
Days until sale
New this week
4
Newly listed
Who lives in Elmwood?
Population
6,022
Median income
$83,268/yr
Median age
33.3 years
Owner-occupied
13.5%
College grads
63.0%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Elmwood?
Zillow home value
$440,929
Zillow rent index
$1,651/mo
Price-to-rent ratio
22.3x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Elmwood?
Elmwood is a community of approximately 6K residents with a median age of 33.3 years.The median household income is $83,268, which reflects a relatively affluent area with strong earning potential. 63.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 13.5%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elmwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elmwood, LA?
Want a head-to-head view? Compare Elmwood side-by-side with any other U.S. city using our market-comparison tool.
Is Elmwood a good real estate investment market?
For investors evaluating Elmwood, the price-to-rent ratio of 22.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elmwood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elmwood's median home price.
Frequently asked questions
What is the average home price in Elmwood?
The median home sale price in Elmwood is $295,000, up 5.4% from last year.
How long do homes stay on market in Elmwood?
Homes typically spend 125 days on market before going under contract.
What is the median income in Elmwood?
The median household income is $83,268 per year.
Is Elmwood a buyer's or seller's market?
With 15.0 months of supply, Elmwood is currently a buyer's market.
What is the Zillow home value estimate for Elmwood?
The Zillow Home Value Index (ZHVI) for Elmwood is $440,929, representing the typical home value in the area.
What is the median condo price in Elmwood?
The median condo/co-op sale price in Elmwood, LA is $169,000, compared to $295,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elmwood?
The median single-family home price in Elmwood, LA is $295,000 (about $200 per square foot).
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