Is Elrama, PA 15038 a buyer’s or seller’s market?
Elrama is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Elrama housing market right now
In the three months ending August 31, 2026, 50% of homes in Elrama, PA 15038 sold above their list price and the typical home went under contract in 20 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (42 days then) and the median sale price fell 53% to $64,922. Overall, Elrama is more competitive than a year ago, so tougher for buyers.
Within Washington County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 77%.
Nearby, buyers who want less competition could look at Stockdale 15483 (0% sold over asking) or Dunlevy 15432 (0% sold over asking), while New Eagle 15067 (100% sold over asking) and Cokeburg 15324 (100% sold over asking) are even more competitive.
Run the numbers for 15038
Nearby markets
Amity 15311Buyer’s market $221 /sq ftAvella 15312Seller’s market $137 /sq ftBeallsville 15313 — /sq ftBentleyville 15314Seller’s market $134 /sq ft Browse all markets →Where Elrama is
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Questions about Elrama real estate
How fast do homes sell in Elrama?
The typical home went under contract in 20 days in the latest three months.
Do homes in Elrama sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.
What are property taxes in Elrama?
About 1.09% of a home’s value a year in Washington County, or roughly $4,360 on a $400,000 home.
What is the median home price in Elrama?
The median sale price was $64,922 in the three months ending August 31, 2026, about $45 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology