Is Elba, AL 36323 a buyer’s or seller’s market?
Elba is a buyer’s market. With about 30.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Elba housing market right now
In the three months ending August 31, 2026, 33% of homes in Elba, AL 36323 sold above their list price, the typical home went under contract in 120 days and there were 30.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 0%, homes sold more slowly (104 days then) and the median sale price rose 62% to $234,898. Overall, Elba is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at New Brockton 36351 (0% sold over asking) or Enterprise 36330 (10% sold over asking), while Jack 36346 (50% sold over asking) is even more competitive.
Run the numbers for 36323
Nearby markets
Enterprise 36330Seller’s market $140 /sq ftJack 36346Seller’s market $115 /sq ftKinston 36453 — /sq ftNew Brockton 36351Seller’s market $146 /sq ft Browse all markets →Towns like Elba nearby
Find towns like Elba in other states →Where Elba is
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Questions about Elba real estate
Is Elba a buyer’s or seller’s market?
A buyer’s market: there were 30.9 months of supply in Elba, AL 36323 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 Elba?
The typical home went under contract in 120 days in the latest three months.
Do homes in Elba sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Elba?
About 0.36% of a home’s value a year in Coffee County, or roughly $1,440 on a $400,000 home.
What is the median home price in Elba?
The median sale price was $234,898 in the three months ending August 31, 2026, about $84 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