Elk Creek Real Estate Forecast, Elk Creek Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Elk Creek a good investment? The median home price in Elk Creek today: â–¼ 220,170 USD (-6.650%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$220,170

1 Month Forecast

â–² $237,517

1-Year Forecast *

â–² $254,108

5-Year Forecast *

â–² $293,721

"Is it a good time to buy homes in Elk Creek?" "Does investing in real estate in Elk Creek (Virginia State, Grayson County) worth it?" According to our live Forecast System, buying a house in Elk Creek is a good short-term (1-year) investment*. The Elk Creek average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elk Creek" 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 Elk Creek in Virginia State, Grayson County. If you are looking for homes for sale with good flipping profit, Elk Creek can be a profitable property investment option. The median price of an average house in Elk Creek was 220,170 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elk Creek" area is 293,721 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +33.41% meaning that investing 100000 USD today may yield a profit of 33,407 USD by 2031.

Current Median Listing Price: 220,170 USD Median Listing Price Per Square Foot: 122 USD

Elk Creek 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.

Elk Creek (Virginia 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.

Elk Creek Price Target

Elk Creek median home price target in 12 months: $254,108* (upside of 15.4%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $234,490 $235,855 $234,435 $235,967
2024 $208,529 $220,170 $208,529 $220,170
2023 $200,674 $207,657 $195,773 $207,657
2022 $197,933 $203,348 $197,933 $210,162
2021 $169,669 $195,161 $169,669 $195,161
2020 $150,828 $166,893 $150,828 $166,893
2019 $147,008 $150,526 $147,008 $150,526
2018 $141,175 $145,675 $141,107 $145,675
2017 $138,443 $140,828 $138,443 $141,767
2016 $140,500 $137,352 $136,892 $141,882
2015 $130,345 $138,323 $130,345 $138,323
2014 $126,572 $129,366 $126,572 $129,366
2013 $123,334 $126,273 $123,334 $128,632
2012 $116,032 $122,488 $116,032 $122,488

Questions & Answers about the Elk Creek Housing Market Forecast

How much does an average home cost in Elk Creek today?

The value of an average home (the listing price) in Elk Creek is $220,170 USD.

What is the average price per square foot in Elk Creek?

According to Walletinvestor the median price per square foot in Elk Creek is 122 USD.

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

Yes. The Elk Creek home prices may rise from 220,170 USD to 254,108 USD in one year.

Is it profitable to invest in Elk Creek homes?

Yes. The long-term profit potential is +15.41% in one year.

Will Elk Creek house prices fall / drop?

No. See above.

What is the predicted price of a Elk Creek home in 2030?

The predicted home sales price of a Elk Creek home in 2030 in Elk Creek is 280,295 USD.

What is the predicted price of a Elk Creek home in 2035?

The predicted home sales price of a Elk Creek home in 2035 in Elk Creek is 342,832 USD.

Will real estate prices decrease in Elk Creek?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elk Creek is the 19740. largest city in the United States, located in Virginia State.

During the last 12 months the real estate prices in Grayson, Elk Creek decreased, looking at the past 12 months.

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

Median home values decreased by 6.619% to 220,170 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 15.065% in 2021
  • 15.425% in 2022
  • 17.065% in 2023
  • 17.025% in 2024
  • 13.785% in 2025
  • 15.245% in 2026

Based on our Elk Creek real estate market research and report the predicted sales prices will increase by 319.386% in the next 10 years.

Over the last 12 months, the value of homes in Elk Creek fluctuated: increasing 1 times and decreasing 3 times.

Elk Creek (Virginia) 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
Elk Creek Housing Market Forecast with Real Estate Prices for 2025
August 2025 237517 218278 256756
September 2025 239191 223165 255217
October 2025 240877 222570 259184
November 2025 242575 222441 262709
December 2025 244285 222788 265782
Elk Creek Housing Market Forecast with Real Estate Prices for 2026
January 2026 244860 232617 257103
February 2026 245340 229883 260796
March 2026 247069 227303 266834
April 2026 248810 226168 271452
May 2026 250564 225508 275620
June 2026 252330 237190 267470
July 2026 254108 241403 266814
August 2026 255900 240290 271509
September 2026 257703 240952 274454
October 2026 259520 242651 276388
November 2026 260064 243420 276708
December 2026 259829 245538 274119
Elk Creek Housing Market Forecast with Real Estate Prices for 2027
January 2027 258610 236111 281109
February 2027 257397 234489 280305
March 2027 256190 236463 275916
April 2027 254988 234844 275132
May 2027 253792 234504 273080
June 2027 252601 228099 277104
July 2027 251416 231303 271530
August 2027 251732 235118 268347
September 2027 253507 234494 272520
October 2027 255293 230019 280567
November 2027 257093 243981 270204
December 2027 258337 241287 275387
Elk Creek Housing Market Forecast with Real Estate Prices for 2028
January 2028 260121 239312 280931
February 2028 260953 235902 286005
March 2028 262792 236513 289072
April 2028 264341 250066 278615
May 2028 265451 245542 285360
June 2028 266104 245082 287126
July 2028 267620 249957 285283
August 2028 269506 252258 286754
September 2028 271406 246708 296103
October 2028 273318 246807 299830
November 2028 274989 253539 296438
December 2028 275358 258837 291879
Elk Creek Housing Market Forecast with Real Estate Prices for 2029
January 2029 275162 251498 298826
February 2029 275204 257866 292542
March 2029 275156 253693 296618
April 2029 276816 251072 302560
May 2029 278767 252006 305529
June 2029 280523 264253 296794
July 2029 280295 258432 302158
August 2029 279305 261429 297180
September 2029 278755 252273 305237
October 2029 278702 262816 294588
November 2029 280390 264127 296652
December 2029 282366 264295 300437
Elk Creek Housing Market Forecast with Real Estate Prices for 2030
January 2030 284356 256205 312508
February 2030 286361 268606 304115
March 2030 288379 261848 314910
April 2030 290411 268050 312773
May 2030 291095 274794 307396
June 2030 291666 264832 318499
July 2030 293721 267580 319863
August 2030 295792 267396 324188
September 2030 297876 274642 321111
October 2030 299976 279578 320374
November 2030 302090 276715 327466
December 2030 304220 276231 332208
Elk Creek Housing Market Forecast with Real Estate Prices for 2031
January 2031 306364 289820 322907
February 2031 308523 286001 331045
March 2031 309171 286910 331431
April 2031 308891 287577 330204
May 2031 307442 280387 334497
June 2031 306000 277236 334764
July 2031 304564 285986 323143
August 2031 303136 274641 331631
September 2031 301714 278482 324946
October 2031 300299 274473 326124
November 2031 298890 273185 324595
December 2031 299265 277718 320813
Elk Creek Housing Market Forecast with Real Estate Prices for 2032
January 2032 301375 279977 322772
February 2032 303499 281647 325351
March 2032 305638 280576 330700
April 2032 307117 285619 328615
May 2032 309239 290066 328412
June 2032 310227 287581 332874
July 2032 312414 287108 337719

> 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.