Brokers — List your Company Here
Featured local agent — Elco, PA
Sarah Mitchell
Compass Real Estate · Elco, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Elco, PA Housing Market
The last median sale price Redfin published was $55,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 181 days, Elco is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $55,000 home is about $294/mo in principal and interest.
Key numbers for Elco, PA
Median sale price
$55,000
Last published period
Redfin, through May 2026
Days on market
181
Slow-moving
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,667
Home costs 0.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
84.8%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elco a buyer's or seller's market?
Elco, PA is a balanced market, based on 1.0 months of supply and homes selling in about 181 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elco housing market data show?
Every row below is Redfin's final published month for Elco, PA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $55,000 |
| Median days on market | 181 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 84.8% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elco is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elco is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elco home prices moved?
Across the 12 months we hold for Elco, PA, the median sale price fell 77.6%, from $245,000 in April 2021 to $55,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 84.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Elco market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Elco?
Priced off the median sale price of $55,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $11,000 | $44,000 | $294/mo |
| 5% | $2,750 | $52,250 | $349/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $294, that implies roughly $12,584 a year before you add taxes and insurance. The median household in Elco earns $66,667, about $54,083 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 0.8x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elco in the next 12 months?
Tell us your timeline. We send the Elco market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elco?
Zillow does not publish a rent index (ZORI) for Elco, PA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elco?
Active listings in Elco, PA went from 1 in April 2021 to 1 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| April 2021 | 1 | 1 |
| October 2022 | 1 | 1 |
| October 2024 | 1 | 1 |
| February 2025 | 4 | 2 |
| March 2025 | 4 | 1 |
| April 2025 | 2 | not published |
| September 2025 | 1 | not published |
| March 2026 | 1 | not published |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Elco compare to Pennsylvania and the U.S.?
Elco homes sell for $55,000 — 83% below the Pennsylvania median of $330,200. Against the national median of $410,700, Elco runs 87% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elco, PA | $55,000 | not published | 181 days |
| Pennsylvania statewide | $330,200 | +5.3% | 30 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elco
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $55 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $55,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elco listing goes under contract in 181 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 84.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Elco varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elco
There are currently 1 homes listed for sale in Elco, Pennsylvania.
Active listings
1
Homes on market
Avg. days on market
181
Days until sale
Who lives in Elco?
American Community Survey estimates for Elco. U.S. Census ACS, 2023
Population
278
Households
128
Median income
$66,667/yr
Median age
45.8 years
Owner-occupied
74.2%
Median home value
$129,700
Median gross rent
$967/mo
Mean commute
30.5 min
74.2% of occupied homes in Elco are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Elco, PA?
Ordered by distance from Elco, not by size. Compare Elco side by side with any of them.
Elco housing market FAQ
Is Elco a buyer's or seller's market?
Elco, PA is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 181 days, and sellers getting 84.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elco?
The median sale price in the last month Redfin published was $55,000.
Is Elco cheaper than the rest of Pennsylvania?
Elco's median sale price of $55,000 is 83% lower than the Pennsylvania statewide median of $330,200, and 87% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elco?
Homes in Elco, PA spent a median of 181 days on market before going under contract, versus 30 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Elco?
At the current 30-year fixed rate of 7.03%, 20% down on a $55,000 home is about $294 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $12,584 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,667.
Are home prices rising in Elco?
We do not hold a complete 12-month value series for Elco, PA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Elco?
Elco ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elco?
That depends on your timeline, not on a headline. What the data says today: Elco, PA is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Elco, PA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Elco
Nearby markets
Get the Elco market brief
Get the Elco, PA market brief
One email: what homes are actually clearing at around $55,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.