Brokers — List your Company Here
Featured local agent — Elkins Park, PA
Sarah Mitchell
Compass Real Estate · Elkins Park, 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.
Elkins Park, PA Housing Market
The typical home in Elkins Park, PA is worth $417,372, rose 1.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $327,500, +9.5% year over year (through May 2026). With 1.3 months of supply and homes going under contract in about 37 days, Elkins Park is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $417,372 home is about $2,228/mo in principal and interest.
Key numbers for Elkins Park, PA
Typical home value
$417,372
+1.4% in 12 months
Zillow, August 2026
Typical asking rent
$1,752/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$327,500
+9.5% year over year
Redfin, through May 2026
Days on market
37
Average pace
Redfin, through May 2026
Active listings
18
1.3 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
$129,773
Home costs 3.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and 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 Elkins Park a buyer's or seller's market?
Elkins Park, PA is a seller's market, based on 1.3 months of supply and homes selling in about 37 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 Elkins Park housing market data show?
Every row below is Redfin's final published month for Elkins Park, PA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $327,500 |
| Median list price | $492,500 |
| Year-over-year price change | +9.5% |
| Median price per sq ft | $190/sq ft |
| Median days on market | 37 days |
| Active inventory | 18 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 98.6% |
| Homes sold (that month) | 14 |
| New listings (that month) | 14 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's 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 Elkins Park is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elkins Park 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 Elkins Park home prices moved?
Over the last three years the median sale price in Elkins Park, PA fell 9.0%, from $360,000 to $327,500. The live Zillow value series has rose 1.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Elkins Park listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.3 months while the sale-to-list ratio slips below its current 98.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Elkins Park market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Elkins Park?
Priced off the typical home value of $417,372 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% | $83,474 | $333,898 | $2,228/mo |
| 5% | $20,869 | $396,503 | $2,646/mo |
Zillow, August 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 $2,228, that implies roughly $95,493 a year before you add taxes and insurance. The median household in Elkins Park earns $129,773, about $34,280 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 3.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elkins Park in the next 12 months?
Tell us your timeline. We send the Elkins Park 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 Elkins Park?
Typical asking rent in Elkins Park, PA is $1,752/mo, against a typical home value of $417,372. That is a price-to-rent ratio of 19.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,228 a month — $477 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Elkins Park?
Active listings in Elkins Park, PA went from 23 in May 2025 to 18 in May 2026, a -21.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 23 | 8 |
| July 2025 | 18 | 10 |
| August 2025 | 17 | 10 |
| September 2025 | 24 | 14 |
| October 2025 | 30 | 13 |
| November 2025 | 21 | 4 |
| December 2025 | 15 | 4 |
| January 2026 | 17 | 7 |
| February 2026 | 19 | 9 |
| March 2026 | 23 | 9 |
| April 2026 | 26 | 15 |
| May 2026 | 18 | 14 |
Redfin, through May 2026
How does Elkins Park compare to Pennsylvania and the U.S.?
Elkins Park homes sell for $327,500 — 1% below the Pennsylvania median of $330,200. Against the national median of $410,700, Elkins Park runs 20% lower. Year-over-year, Elkins Park moved +9.5% against Pennsylvania's +5.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elkins Park, PA | $327,500 | +9.5% | 37 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 Elkins Park
What buyers should watch
- Months of supply, currently 1.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $418 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 $417,372 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 Elkins Park listing goes under contract in 37 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 98.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Elkins Park added 14 new listings against 14 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +1.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Elkins Park varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elkins Park
There are currently 18 homes listed for sale in Elkins Park, Pennsylvania. The median listing price is $493K.
Active listings
18
Homes on market
Median list price
$493K
Avg. days on market
37
Days until sale
New this week
14
Newly listed
How much do homes cost in Elkins Park by property type?
How the Elkins Park, PA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $580,000 | $213/sq ft | 6 | 30 days |
| Condo / co-op | $169,500 | $128/sq ft | 6 | 82 days |
| Townhouse | $370,000 | $288/sq ft | 2 | 12 days |
Who lives in Elkins Park?
American Community Survey estimates for Elkins Park. U.S. Census ACS, 2023
Population
7,286
Households
3,066
Median income
$129,773/yr
Median age
50.2 years
Owner-occupied
78.9%
Median home value
$366,700
Median gross rent
$1,625/mo
Mean commute
32.2 min
78.9% of occupied homes in Elkins Park 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. The Census self-reported median home value is $366,700 against Zillow's $417,372 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,625/mo, below Zillow's $1,752/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Elkins Park?
3 schools tracked · 1,524 students
The largest public schools serving Elkins Park, PA 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.
McKinley Sch
Grades K-5 · 616 students
Elkins Park Sch
Grades 5-6 · 599 students
Myers El Sch
Grades K-4 · 309 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 Elkins Park, PA?
Ordered by distance from Elkins Park, not by size. Compare Elkins Park side by side with any of them.
Elkins Park housing market FAQ
Is Elkins Park a buyer's or seller's market?
Elkins Park, PA is currently a seller's market. That read comes from 1.3 months of supply, homes going under contract in about 37 days, and sellers getting 98.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elkins Park?
The typical home in Elkins Park, PA is worth $417,372 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $327,500, about $190 per square foot.
Is Elkins Park cheaper than the rest of Pennsylvania?
Elkins Park's median sale price of $327,500 is 1% lower than the Pennsylvania statewide median of $330,200, and 20% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elkins Park?
Homes in Elkins Park, PA spent a median of 37 days on market before going under contract, versus 30 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Elkins Park?
At the current 30-year fixed rate of 7.03%, 20% down on a $417,372 home is about $2,228 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $95,493 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $129,773.
Are home prices rising in Elkins Park?
The typical home value in Elkins Park, PA rose 1.4% over the last 12 months, from $411,678 to $417,372 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Elkins Park?
Elkins Park 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 Elkins Park?
That depends on your timeline, not on a headline. What the data says today: Elkins Park, PA is a seller's market with 1.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Elkins Park, 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 Elkins Park
Nearby markets
Get the Elkins Park market brief
Get the Elkins Park, PA market brief
One email: what homes are actually clearing at around $417,372, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.