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Featured local agent — Elma, NY
Sarah Mitchell
Compass Real Estate · Elma, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elma, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$510,000median sale price
How is the Elma, NY housing market right now?
The median home sale price in Elma, NY is $510,000, up 43.3% year-over-year. Homes sell in an average of 14 days with 14 active listings. The market is currently a seller'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 Elma a buyer's or seller's market?
Elma, NY is currently a seller's market, based on 3.5 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
14
Fast-moving
Active listings
14
3.5 months supply
Sale-to-list
106.5%
Above asking
What does the Elma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $387,400 |
| Year-over-year price change | +43.3% |
| Average days on market | 14 days |
| Active inventory | 14 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 106.5% |
| Median price per sq ft | $273/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 20 |
| Listings with a price cut | 21.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elma by property type?
How the Elma, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $510,000 | $273/sq ft | 4 | 14 days |
| Condo / Co-op | $311,000 | $174/sq ft | 1 | 7 days |
| Townhouse | $512,000 | $164/sq ft | 1 | 16 days |
Source: Redfin · Updated monthly
The Elma housing market is currently classified as a seller's market with a median sale price of $510,000. Prices have risen 43.3% compared to last year, with homes spending an average of 14 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Elma
There are currently 14 homes listed for sale in Elma, New York. The median listing price is $387K.
Active listings
14
Homes on market
Median list price
$387K
Avg. days on market
14
Days until sale
New this week
20
Newly listed
Which public schools serve Elma?
4 schools tracked · 1,615 students
The largest public schools serving Elma, NY 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.
IROQUOIS SENIOR HIGH SCHOOL
Grades 9-12 · 625 students
IROQUOIS MIDDLE SCHOOL
Grades 6-8 · 482 students
ELMA PRIMARY SCHOOL
Grades K-4 · 298 students
IROQUOIS INTERMEDIATE SCHOOL
Grades 5 · 210 students
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 Elma, NY?
Want a head-to-head view? Compare Elma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elma?
The median home sale price in Elma is $510,000, up 43.3% from last year.
How long do homes stay on market in Elma?
Homes typically spend 14 days on market before going under contract.
Is Elma a buyer's or seller's market?
With 3.5 months of supply, Elma is currently a seller's market.
What is the median condo price in Elma?
The median condo/co-op sale price in Elma, NY is $311,000, compared to $510,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elma?
The median single-family home price in Elma, NY is $510,000 (about $273 per square foot).
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