Elberta's real estate market is currently hot with low inventory and high demand. The median home price in Elberta currently stands at $350,000. With only 15 active listings, inventory is 55% lower than typical for this time of year. Properties are selling within just 22 days on average, much faster than the historical norm of 108 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Elberta market with the affordability index at 1144.7. Looking ahead, the Elberta market is expected to maintain its current trajectory with relatively stable conditions.