Elmwood Place’s rolling three-month data through August 2026 shows mixed price movement compared with a year ago. The typical home value is down slightly year over year, even as the median list price has surged more than a third, pointing to rising seller expectations. At the same time, the share of homes selling above list has edged up from a year ago, suggesting some properties still draw strong interest.
Looking more closely at recent conditions, the typical home value sits around $165,000, while sellers are asking closer to $208,000 on average. That gap, combined with an average sale-to-list ratio under 95 percent, indicates buyers often negotiate below asking.
Inventory dynamics in this rolling three-month window highlight a cooling in activity but tighter supply overall. Active listings are up modestly from last year, yet new listings and pending sales are both down sharply year over year, and homes sold have also declined. Despite slower sales, months of supply has dropped by nearly half to about 3.2 months, consistent with the current seller’s market reading. Homes are taking longer to sell than a year ago, with median days on market now close to 100 days, so pricing and timing strategy matter. Buyers and sellers who want to navigate these shifting trends can turn to Agent Pronto to connect with a local agent who understands the Elmwood Place market.
