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ELMA, NY 14059

Real Estate Market Report  ·  Erie County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELMA, NY real estate market (14059) currently shows 13 active listings, with 8 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 27 days on market compared to 203 days last year.

The median listing price has fallen 23% year-over-year, from $661,500 to $509,450.

Whether you are buying or selling in ELMA, NY, 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: 9,629  ·  Density: 138.0/mi²  ·  Median household income: $87,686

Typical home value: $314,126  ·  Homeownership: 82.0%

Market Overview

Active Listings
13
⇩ 43.5% vs 23 last year
Pending
8
62% pending ratio
Median Price
$509,450
⇩ 23% vs $661,500 last year
Average Price
$600,652
⇩ 10.2% vs $668,544 last year
Days on Market
27
⇩ 86.7% vs 203 days last year

Price Per Square Foot

Median $/sqft
$250
⇧ 1.6% vs $246/sqft last year
Median Home Size
1,929 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 23 last year
  • Days on market: 27 now vs 203 last year

Median & Average Pricing

Year over Year
  • Median: $509,450 (-23% YoY)
  • Average: $600,652 (-10.2% 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 12.2 miles — 459 listings ($167,907,515 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
14059Elma, NY 140590.0 mi13$7,728,539$454,950$594,503
14086Lancaster, NY 140865.1 mi45$21,096,540$427,900$468,812
14043Depew, NY 140435.9 mi45$16,531,425$361,175$367,365
14004Alden, NY 140047.7 mi14$6,089,160$464,900$434,940
14225Buffalo, NY 142258.9 mi69$15,631,674$197,450$226,546
14206Buffalo, NY 142069.4 mi41$5,916,997$139,889$144,317
14139South Wales, NY 141399.5 mi6$2,385,822$267,500$397,637
14218Buffalo, NY 142189.7 mi26$6,364,540$212,175$244,790
14219Buffalo, NY 1421910.1 mi18$3,678,624$195,250$204,368
14211Buffalo, NY 1421110.6 mi46$6,167,496$129,650$134,076
14221Buffalo, NY 1422111.0 mi114$69,680,790$547,450$611,235
14203Buffalo, NY 1420311.7 mi17$5,040,908$314,975$296,524
14033Colden, NY 1403312.2 mi5$1,595,000$319,000$319,000

Frequently Asked Questions

How many homes are for sale in ELMA, NY 14059?

As of March 2026, there are 13 active listings in ELMA, NY (zip code 14059), compared to 23 the prior year.

What is the median home price in ELMA, NY 14059?

The median listing price in ELMA, NY 14059 is $509,450 as of March 2026, a 23% decrease from $661,500 the prior year.

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

Homes in ELMA, NY 14059 spend an average of 27 days on the market before going under contract, compared to 203 days the prior year.

Is it a seller's or buyer's market in ELMA, NY 14059?

Based on current inventory and days-on-market data as of March 2026, ELMA, NY 14059 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 27 days on market compared to 203 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELMA, NY 14059 save an estimated $10,189 compared to a typical 5% commission on the median listing price of $509,450. 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.