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ELMA, WA 98541

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

Market Analysis

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

The ELMA, WA real estate market (98541) currently shows 29 active listings, with 8 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 65 days on market compared to 55 days last year.

The median listing price has fallen 11.6% year-over-year, from $472,450 to $417,475.

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
29
⇩ 14.7% vs 34 last year
Pending
8
28% pending ratio
Median Price
$417,475
⇩ 11.6% vs $472,450 last year
Average Price
$865,429
⇧ 64.7% vs $525,389 last year
Days on Market
65
⇧ 18.2% vs 55 days last year

Price Per Square Foot

Median $/sqft
$330
⇧ 22.2% vs $270/sqft last year
Median Home Size
1,313 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 34 last year
  • Days on market: 65 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $417,475 (-11.6% YoY)
  • Average: $865,429 (+64.7% 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 31.8 miles — 709 listings ($420,097,880 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98541Elma, WA 985410.0 mi27$24,393,582$441,175$903,466
98563Montesano, WA 9856313.5 mi29$20,073,684$479,500$692,196
98584Shelton, WA 9858416.7 mi104$63,256,544$450,000$608,236
98512Olympia, WA 9851218.8 mi66$41,678,076$603,000$631,486
98520Aberdeen, WA 9852019.8 mi92$33,001,872$303,725$358,716
98579Rochester, WA 9857923.3 mi27$24,422,715$712,450$904,545
98550Hoquiam, WA 9855023.9 mi69$24,003,168$299,000$347,872
98501Olympia, WA 9850126.0 mi128$82,472,064$637,450$644,313
98546Grapeview, WA 9854628.6 mi8$6,699,000$862,500$837,375
98516Olympia, WA 9851629.3 mi99$71,395,038$608,075$721,162
98577Raymond, WA 9857730.9 mi31$11,192,364$316,000$361,044
98530Bucoda, WA 9853031.2 mi6$1,834,422$310,250$305,737
98589Tenino, WA 9858931.8 mi23$15,675,351$661,975$681,537

Frequently Asked Questions

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

As of March 2026, there are 29 active listings in ELMA, WA (zip code 98541), compared to 34 the prior year.

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

The median listing price in ELMA, WA 98541 is $417,475 as of March 2026, a 11.6% decrease from $472,450 the prior year.

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

Homes in ELMA, WA 98541 spend an average of 65 days on the market before going under contract, compared to 55 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 March 2026, ELMA, WA 98541 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 65 days on market compared to 55 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 $8,350 compared to a typical 5% commission on the median listing price of $417,475. 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.