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ELM GROVE, LA 71051

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELM GROVE, LA real estate market (71051) currently shows 5 active listings, with 1 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 46 days on market compared to 34 days last year.

The median listing price has fallen 9.9% year-over-year, from $435,000 to $391,750.

Whether you are buying or selling in ELM GROVE, LA, 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: 2,383  ·  Density: 9.7/mi²  ·  Median household income: $67,596

Typical home value: $0  ·  Homeownership: 79.0%

Market Overview

Active Listings
5
vs 5 last year
Pending
1
20% pending ratio
Median Price
$391,750
⇩ 9.9% vs $435,000 last year
Average Price
$1,105,875
⇧ 85.7% vs $595,500 last year
Days on Market
46
⇧ 35.3% vs 34 days last year

Price Per Square Foot

Median $/sqft
$207
⇧ 31% vs $158/sqft last year
Median Home Size
2,181 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 46 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $391,750 (-9.9% YoY)
  • Average: $1,105,875 (+85.7% 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 24.4 miles — 353 listings ($60,940,246 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
71051Elm Grove, LA 710510.0 mi3$539,400$145,000$179,800
71023Doyline, LA 7102310.0 mi13$2,876,848$181,475$221,296
71068Ringgold, LA 7106810.9 mi7$776,160$88,125$110,880
71039Heflin, LA 7103913.4 mi3$540,126$169,875$180,042
71105Shreveport, LA 7110514.7 mi96$22,130,496$230,500$230,526
71073Sibley, LA 7107316.8 mi5$1,659,270$374,125$331,854
71067Princeton, LA 7106717.7 mi13$4,634,448$395,000$356,496
71118Shreveport, LA 7111818.3 mi93$16,641,513$180,600$178,941
71101Shreveport, LA 7110118.6 mi29$3,468,081$98,250$119,589
71030Gloster, LA 7103020.0 mi3$957,750$319,250$319,250
71109Shreveport, LA 7110920.5 mi74$4,025,378$40,125$54,397
71016Castor, LA 7101624.0 mi2$199,000$99,500$99,500
71052Mansfield, LA 7105224.4 mi12$2,491,776$216,750$207,648

Frequently Asked Questions

How many homes are for sale in ELM GROVE, LA 71051?

As of March 2026, there are 5 active listings in ELM GROVE, LA (zip code 71051), compared to 5 the prior year.

What is the median home price in ELM GROVE, LA 71051?

The median listing price in ELM GROVE, LA 71051 is $391,750 as of March 2026, a 9.9% decrease from $435,000 the prior year.

How long do homes stay on the market in ELM GROVE, LA?

Homes in ELM GROVE, LA 71051 spend an average of 46 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in ELM GROVE, LA 71051?

Based on current inventory and days-on-market data as of March 2026, ELM GROVE, LA 71051 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 46 days on market compared to 34 days last year.

How much can I save on real estate commission in ELM GROVE, LA?

With SELL123.com's maximum 3% commission, sellers in ELM GROVE, LA 71051 save an estimated $7,835 compared to a typical 5% commission on the median listing price of $391,750. 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.