Elm Grove’s rolling three-month data through September 2026 shows home values rising sharply compared with a year ago. The typical home value is up about 29 percent year over year, while the median list price has climbed a similar 28 percent. Inventory has expanded, with active listings up more than 40 percent from last year, even as homes sold are roughly flat.
Looking more closely at recent conditions, buyers are seeing 65 active listings with a median list price of about $693,000 in this latest three-month window. Homes are taking longer to sell than a year ago, with the median days on market increasing to 54 days, yet the sale-to-list ratio still hovers just above 100 percent, showing that final prices are generally close to asking.
Supply has loosened compared with last year, as months of supply has more than doubled to 2.7, moving the area toward better balance while still holding a seller’s market designation. At the same time, the share of homes selling above list price has eased to about 39 percent, down from the higher levels seen in prior years, hinting at slightly less intense bidding. With new listings up year over year but down from the prior three-month period, both buyers and sellers in Elm Grove can benefit from an Agent Pronto-recommended real estate professional who understands these shifting dynamics and can guide their next move.
