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Featured local agent — Elma, WA
Sarah Mitchell
Compass Real Estate · Elma, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elma, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$359,000median sale price
How is the Elma, WA housing market right now?
The median home sale price in Elma, WA is $359,000, down 18.3% year-over-year. Homes sell in an average of 156 days with 17 active listings. The market is currently a buyer'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, WA is currently a buyer's market, based on 5.7 months of supply and homes selling in about 156 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
156
Average pace
Active listings
17
5.7 months supply
Sale-to-list
99.7%
Below asking
What does the Elma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $359,000 |
| Median list price | $425,000 |
| Year-over-year price change | -18.3% |
| Average days on market | 156 days |
| Active inventory | 17 listings |
| Months of supply | 5.7 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $295/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 5 |
| Listings with a price cut | 11.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elma by property type?
How the Elma, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $359,000 | $295/sq ft | 3 | 156 days |
Source: Redfin · Updated monthly
The Elma housing market is currently classified as a buyer's market with a median sale price of $359,000. Prices have fallen 18.3% compared to last year, with homes spending an average of 156 days on market, indicating 5.7 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 5.7x provides context for how home values compare to local earning capacity.
Homes for sale in Elma
There are currently 17 homes listed for sale in Elma, Washington. The median listing price is $425K.
Active listings
17
Homes on market
Median list price
$425K
Avg. days on market
156
Days until sale
New this week
5
Newly listed
Who lives in Elma?
Population
3,452
Median income
$66,194/yr
Median age
42.6 years
Owner-occupied
62.8%
College grads
18.6%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elma?
Zillow home value
$375,535
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Elma?
Elma is a community of approximately 3K residents with a median age of 42.6 years.The median household income is $66,194, which represents a working-class community with solid middle-income opportunities. 18.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.8%, showing a blend of owner and renter-occupied properties. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elma offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elma?
7 schools tracked · 1,881 students
The largest public schools serving Elma, WA 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.
Elma Elementary School
Grades PK-5 · 695 students
Elma High School
Grades 9-12 · 511 students
Elma Middle School
Grades 6-8 · 370 students
Mary M. Knight School
Grades PK-12 · 186 students
Eagle Virtual Sky Academy
Grades K-12 · 60 students
East Grays Harbor Open Doors
Grades 9-12 · 50 students
East Grays Harbor High School
Grades 9-12 · 9 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, WA?
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 $359,000, down 18.3% from last year.
How long do homes stay on market in Elma?
Homes typically spend 156 days on market before going under contract.
What is the median income in Elma?
The median household income is $66,194 per year.
Is Elma a buyer's or seller's market?
With 5.7 months of supply, Elma is currently a buyer's market.
What is the Zillow home value estimate for Elma?
The Zillow Home Value Index (ZHVI) for Elma is $375,535, representing the typical home value in the area.
How much does a single-family home cost in Elma?
The median single-family home price in Elma, WA is $359,000 (about $295 per square foot).
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