Current Price

$827,354

1 Month Forecast

â–¼ $782,317

1-Year Forecast *

â–² $870,425

5-Year Forecast *

â–² $1,028,572

"Is it a good time to buy homes in Elmo?" "Does investing in real estate in Elmo (Montana State, Lake County) worth it?" According to our live Forecast System, buying a house in Elmo is a acceptable short-term (1-year) investment*. The Elmo average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elmo" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Elmo in Montana State, Lake County. If you are looking for homes for sale with good flipping profit, Elmo can be a profitable property investment option. The median price of an average house in Elmo was 827,354 USD on 2026-03-02. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elmo" area is 1,028,572 USD by 2031-03-02. For a 5-year investment the profit is expected to be around +24.32% meaning that investing 100000 USD today may yield a profit of 24,321 USD by 2031.

Current Median Listing Price: 827,354 USD Median Listing Price Per Square Foot: 460 USD

Elmo Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Elmo (Montana State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Elmo Price Target

Elmo median home price target in 12 months: $870,425* (upside of 5.2%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $779,346 $774,764 $774,764 $779,346
2024 $804,936 $827,354 $804,936 $834,451
2023 $751,317 $795,881 $727,796 $795,881
2022 $706,623 $763,944 $706,623 $792,966
2021 $512,192 $696,517 $512,192 $696,517
2020 $446,344 $500,710 $446,344 $500,710
2019 $428,828 $443,343 $428,828 $443,343
2018 $392,373 $426,974 $392,373 $426,974
2017 $404,097 $392,406 $392,406 $410,049
2016 $386,832 $402,586 $386,832 $402,586
2015 $380,062 $385,309 $380,062 $390,119
2014 $370,557 $379,510 $370,557 $379,510
2013 $350,651 $369,564 $349,349 $369,564
2012 $0 $0 $0 $0

Questions & Answers about the Elmo Housing Market Forecast

How much does an average home cost in Elmo today?

The value of an average home (the listing price) in Elmo is $827,354 USD.

What is the average price per square foot in Elmo?

According to Walletinvestor the median price per square foot in Elmo is 460 USD.

Will the median listing price of homes in Elmo grow / rise / go up?

Yes. The Elmo home prices may rise from 827,354 USD to 870,425 USD in one year.

Is it profitable to invest in Elmo homes?

Yes. The long-term profit potential is +5.21% in one year.

Will Elmo house prices fall / drop?

No. See above.

What is the predicted price of a Elmo home in 2030?

The predicted home sales price of a Elmo home in 2030 in Elmo is 952,958 USD.

What is the predicted price of a Elmo home in 2035?

The predicted home sales price of a Elmo home in 2035 in Elmo is 1,215,452 USD.

Will real estate prices decrease in Elmo?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elmo is the 15243. largest city in the United States, located in Montana State.

During the last 12 months the real estate prices in Lake, Elmo increased, looking at the past 12 months.

According to Walletinvestor's Elmo real estate market research, home values will increase in the next 12 months.

Median home values increased by 6.653% to 827,354 USD, between 2025-03-02 and 2026-03-02

The average annual profit of property investment was:

  • 6.716% in 2021
  • 6.566% in 2022
  • 7.206% in 2023
  • 5.506% in 2024
  • 6.306% in 2025
  • 3.916% in 2026

Based on our Elmo real estate market research and report the predicted sales prices will increase by 66.111% in the next 10 years.

Over the last 12 months, the value of homes in Elmo fluctuated: increasing 2 times and decreasing 2 times.

Elmo (Montana) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Elmo Housing Market Forecast with Real Estate Prices for 2025
August 2025 782317 731467 833168
September 2025 789944 729118 850770
October 2025 797645 732239 863052
November 2025 805422 751459 859385
December 2025 813274 755532 871016
Elmo Housing Market Forecast with Real Estate Prices for 2026
January 2026 821203 767003 875402
February 2026 829209 779456 878961
March 2026 837293 777845 896741
April 2026 845456 799801 891110
May 2026 853698 799061 908335
June 2026 862021 806852 917190
July 2026 870425 819070 921780
August 2026 878911 802446 955376
September 2026 887479 804056 970902
October 2026 896132 829818 962445
November 2026 901434 838334 964535
December 2026 895238 828990 961485
Elmo Housing Market Forecast with Real Estate Prices for 2027
January 2027 889084 808177 969991
February 2027 882972 822047 943898
March 2027 882973 812335 953611
April 2027 879195 806222 952168
May 2027 873151 790202 956100
June 2027 867149 788238 946060
July 2027 861188 775069 947307
August 2027 866229 804727 927732
September 2027 874674 793330 956019
October 2027 883202 813429 952974
November 2027 891812 810657 972967
December 2027 898752 812472 985032
Elmo Housing Market Forecast with Real Estate Prices for 2028
January 2028 907514 859416 955613
February 2028 914209 854785 973632
March 2028 922319 843000 1001639
April 2028 928837 875893 981781
May 2028 937892 853482 1022303
June 2028 946243 893253 999232
July 2028 952455 892450 1012459
August 2028 958620 906854 1010385
September 2028 962261 873733 1050789
October 2028 964171 909214 1019129
November 2028 962696 889531 1035861
December 2028 964251 897717 1030784
Elmo Housing Market Forecast with Real Estate Prices for 2029
January 2029 969151 878051 1060251
February 2029 972282 897417 1047148
March 2029 970367 896619 1044115
April 2029 964013 875324 1052702
May 2029 957387 892284 1022489
June 2029 953823 864163 1043482
July 2029 952958 891016 1014900
August 2029 954266 860748 1047784
September 2029 955139 861536 1048743
October 2029 954200 871184 1037215
November 2029 951758 891797 1011719
December 2029 961037 878388 1043686
Elmo Housing Market Forecast with Real Estate Prices for 2030
January 2030 970406 908300 1032512
February 2030 979867 906377 1053357
March 2030 989420 928076 1050764
April 2030 999066 938123 1060009
May 2030 1008806 935163 1082449
June 2030 1018641 965671 1071610
July 2030 1028572 969943 1087200
August 2030 1038599 953434 1123764
September 2030 1048725 970070 1127379
October 2030 1058949 968938 1148960
November 2030 1069273 995493 1143053
December 2030 1079697 1011676 1147718
Elmo Housing Market Forecast with Real Estate Prices for 2031
January 2031 1090223 1035712 1144734
February 2031 1100852 1013885 1187819
March 2031 1107366 1033173 1181560
April 2031 1099754 1041467 1158041
May 2031 1092194 984067 1200322
June 2031 1084687 1007674 1161699
July 2031 1084687 985981 1183394
August 2031 1080046 988242 1171850
September 2031 1072622 1002901 1142342
October 2031 1065248 984290 1146207
November 2031 1057926 966944 1148907
December 2031 1064119 1004528 1123709
Elmo Housing Market Forecast with Real Estate Prices for 2032
January 2032 1074493 992831 1156154
February 2032 1084968 1025295 1144641
March 2032 1095546 996947 1194145
April 2032 1104071 1024578 1183564
May 2032 1114835 1006696 1222974
June 2032 1123059 1064660 1181458
July 2032 1133022 1065041 1201004

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.