Is Eleva, WI 54738 a buyer’s or seller’s market?

The Eleva housing market right now

In the three months ending August 31, 2026, 27% of homes in Eleva, WI 54738 sold above their list price, the typical home went under contract in 58 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (379 days then) and the median sale price fell 62% to $549,762. Overall, Eleva is more competitive than a year ago, so tougher for buyers.

Within Eau Claire County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Eleva ranks #256 of 319 WI ZIP codes with enough sales (score 48 out of 100).

Nearby, buyers who want less competition could look at Augusta 54722 (13% sold over asking), while Fall Creek 54742 (60% sold over asking) and Fairchild 54741 (50% sold over asking) are even more competitive.