Compared against the same period one year earlier.
Median Sale Price · Last 12 Months
Price Distribution
Price Trends
The median sale price in Elm Springs sits at $622,807.50, down 4.2% from the prior period, while the median list price of $632,747.50 is down a more modest 1.5%. Price per square foot came in at $240.62, essentially flat versus the previous period. Homes are still selling right around asking, with a median sale-to-list ratio of 100%.
Inventory and Supply
Active listings jumped to 42, up 121.1% from 19 in the prior period, while new listings doubled. Months of supply rose sharply to 10.5, up from 3.9, and the absorption rate of 9.54% places the market in buyer's market conditions. Sell-through for the period stands at 57.1%, with a pending-to-active ratio of 45.2%.
Pace of Sales
Homes sold in an average of 39.94 days, a marked improvement from 73.77 days in the prior period, a 45.9% drop that signals quicker transactions despite the added supply. The median days on market came in at 0, reflecting a number of very fast sales pulling that figure down. Sold counts totaled 32 for the period against total sales volume of $20,371,317.
Price Range and Property Highlights
Sales activity concentrated in the $450K–$750K bands, which together accounted for 25 of the 32 sales recorded, while listings above $900K moved more slowly with average days on market of 96 or more in some tiers. All recorded sales were single-family houses, with a median size of 2,633.5 square feet, an average of 3.83 bedrooms and 3.25 bathrooms, and a median year built of 2025, pointing to a strong presence of new construction in current inventory.
Compared against the same period one year earlier.
Median Sale Price · Last 12 Months
Elm Springs
Elm Springs recorded 32 sales against 42 active listings, resulting in 10.5 months of supply. The median sale price stood at $622,807.50, with homes moving at an average of 39.94 days on market. New construction made up a notable share of activity in the area during this period.