The Elmwood Area housing market is somewhat competitive. The median sale price of a home in Elmwood Area was $167K last month, down 0.6% since last year. The median sale price per square foot in Elmwood Area is $110, up 0.5% since last year.
What is the housing market like in Elmwood Area today?
In March 2024, Elmwood Area home prices were down 0.6% compared to last year, selling for a median price of $167K. On average, homes in Elmwood Area sell after 49 days on the market compared to 36 days last year. There were 17 homes sold in March this year, down from 29 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$167,000
-0.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Elmwood Area, TX
$167,000
-0.6%
United States
To compare other locations to the Elmwood Area and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Abilene add value to a home.
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How hot is the Elmwood Area housing market?
Elmwood Area is somewhat competitive. Homes sell in 49 days.
0
100
37
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 23 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Elmwood Area housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elmwood Area.
Risk Factor
Flood Factor - Moderate
63% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elmwood Area has a moderate risk of flooding. 1,019 properties in Elmwood Area are likely to be
severely affected
by flooding over the next 30 years. This represents 63% of all properties in Elmwood Area. Flood risk is increasing faster than the national average.
40% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elmwood Area has a moderate risk of wildfire. There are 1,341 properties in Elmwood Area that have some risk of being affected by wildfire over the next 30 years. This represents 40% of all properties in Elmwood Area.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Elmwood Area has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Elmwood Area is most at risk from hurricanes. 3,339 properties in Elmwood Area have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 67 mph.