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ELMA, WA 98541

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ELMA, WA real estate market (98541) currently shows 27 active listings, with 8 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 67 days on market compared to 71 days last year.

The median listing price has fallen 4.1% year-over-year, from $459,950 to $441,175.

Whether you are buying or selling in ELMA, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 10,004  ·  Density: 19.7/mi²  ·  Median household income: $64,271

Typical home value: $281,988  ·  Homeownership: 76.1%

Market Overview

Active Listings
27
⇩ 12.9% vs 31 last year
Pending
8
30% pending ratio
Median Price
$441,175
⇩ 4.1% vs $459,950 last year
Average Price
$903,466
⇧ 74.2% vs $518,585 last year
Days on Market
67
⇩ 5.6% vs 71 days last year

Price Per Square Foot

Median $/sqft
$306
⇧ 14.2% vs $268/sqft last year
Median Home Size
1,435 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 31 last year
  • Days on market: 67 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $441,175 (-4.1% YoY)
  • Average: $903,466 (+74.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.3 miles — 319 listings ($213,485,106 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98541Elma, WA 985410.0 mi30$26,716,560$445,000$890,552
98559Malone, WA 985598.4 mi1$364,900$364,900$364,900
98568Oakville, WA 9856814.9 mi6$3,155,460$450,000$525,910
98502Olympia, WA 9850217.7 mi101$72,825,141$648,205$721,041
98537Cosmopolis, WA 9853719.6 mi9$4,181,859$447,500$464,651
98508Olympia, WA 9850822.2 mi1$650,000$650,000$650,000
98592Union, WA 9859223.6 mi17$9,681,432$554,475$569,496
98506Olympia, WA 9850625.1 mi48$32,708,256$650,000$681,422
98548Hoodsport, WA 9854828.3 mi33$13,622,004$354,900$412,788
98503Lacey, WA 9850328.7 mi65$39,112,645$501,475$601,733
98539Doty, WA 9853930.4 mi1$1,999,900$1,999,900$1,999,900
98588Tahuya, WA 9858831.0 mi4$2,143,000$397,000$535,750
98351Longbranch, WA 9835131.3 mi3$6,323,949$875,000$2,107,983

Frequently Asked Questions

How many homes are for sale in ELMA, WA 98541?

As of February 2026, there are 27 active listings in ELMA, WA (zip code 98541), compared to 31 the prior year.

What is the median home price in ELMA, WA 98541?

The median listing price in ELMA, WA 98541 is $441,175 as of February 2026, a 4.1% decrease from $459,950 the prior year.

How long do homes stay on the market in ELMA, WA?

Homes in ELMA, WA 98541 spend an average of 67 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in ELMA, WA 98541?

Based on current inventory and days-on-market data as of February 2026, ELMA, WA 98541 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 67 days on market compared to 71 days last year.

How much can I save on real estate commission in ELMA, WA?

With SELL123.com's maximum 3% commission, sellers in ELMA, WA 98541 save an estimated $8,824 compared to a typical 5% commission on the median listing price of $441,175. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.