Is Elkins, WV 26241 a buyer’s or seller’s market?
Elkins is a buyer’s market. With about 6.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 5% of U.S. ZIP codes, and #63 of 66 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Elkins housing market right now
In the three months ending August 31, 2026, 8% of homes in Elkins, WV 26241 sold above their list price, the typical home went under contract in 68 days and there were 6.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (71 days then) and the median sale price rose 33% to $246,593. Overall, Elkins is less competitive than a year ago, which gives buyers more room.
Within Randolph County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Elkins ranks #63 of 66 WV ZIP codes with enough sales (score 11 out of 100).
Nearby, buyers who want less competition could look at Montrose 26283 (0% sold over asking) or Mill Creek 26280 (0% sold over asking).
Run the numbers for 26241
Nearby markets
Beverly 26253Balanced $89 /sq ftBowden 26254Seller’s market $200 /sq ftCoalton 26257 — /sq ftDailey 26259 — /sq ft Browse all markets →Towns like Elkins nearby
Find towns like Elkins in other states →Where Elkins is
Loading map…
Questions about Elkins real estate
Is Elkins a buyer’s or seller’s market?
A buyer’s market: there were 6.6 months of supply in Elkins, WV 26241 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Elkins?
The typical home went under contract in 68 days in the latest three months.
Do homes in Elkins sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Elkins?
About 0.39% of a home’s value a year in Randolph County, or roughly $1,560 on a $400,000 home.
What is the median home price in Elkins?
The median sale price was $246,593 in the three months ending August 31, 2026, about $119 per square foot.
Local agents
See all agents in 26241 →No sponsored agents in 26241 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 26241
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology