Current Price

$466,467

1 Month Forecast

â–² $506,201

1-Year Forecast *

â–² $537,668

5-Year Forecast *

â–² $561,285

"Is it a good time to buy homes in Elk?" "Does investing in real estate in Elk (Washington State, Spokane County) worth it?" According to our live Forecast System, buying a house in Elk is a good short-term (1-year) investment*. The Elk 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" 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 in Washington State, Spokane County. If you are looking for homes for sale with good flipping profit, Elk can be a profitable property investment option. The median price of an average house in Elk was 466,467 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" area is 561,285 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +20.33% meaning that investing 100000 USD today may yield a profit of 20,327 USD by 2031.

Current Median Listing Price: 466,467 USD Median Listing Price Per Square Foot: 259 USD

Elk 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 (Washington 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 Price Target

Elk median home price target in 12 months: $537,668* (upside of 15.3%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $505,010 $501,996 $499,393 $505,010
2024 $460,595 $466,467 $459,532 $467,044
2023 $462,134 $461,885 $456,810 $464,162
2022 $446,002 $466,809 $446,002 $491,283
2021 $375,492 $442,001 $375,492 $442,629
2020 $311,547 $368,066 $311,547 $368,066
2019 $281,674 $308,484 $281,674 $308,484
2018 $255,474 $280,762 $255,474 $280,762
2017 $226,801 $253,148 $226,801 $253,148
2016 $207,985 $223,546 $207,985 $223,546
2015 $184,943 $205,899 $184,943 $205,899
2014 $175,758 $182,348 $175,758 $182,348
2013 $169,497 $174,258 $169,497 $174,258
2012 $168,500 $168,132 $164,847 $169,346

Questions & Answers about the Elk Housing Market Forecast

How much does an average home cost in Elk today?

The value of an average home (the listing price) in Elk is $466,467 USD.

What is the average price per square foot in Elk?

According to Walletinvestor the median price per square foot in Elk is 259 USD.

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

Yes. The Elk home prices may rise from 466,467 USD to 537,668 USD in one year.

Is it profitable to invest in Elk homes?

Yes. The long-term profit potential is +15.26% in one year.

Will Elk house prices fall / drop?

No. See above.

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

The predicted home sales price of a Elk home in 2030 in Elk is 537,978 USD.

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

The predicted home sales price of a Elk home in 2035 in Elk is 595,904 USD.

Will real estate prices decrease in Elk?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elk is the 9979. largest city in the United States, located in Washington State.

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

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

Median home values decreased by 7.093% to 466,467 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 13.594% in 2021
  • 14.244% in 2022
  • 14.364% in 2023
  • 15.364% in 2024
  • 15.674% in 2025
  • 15.164% in 2026

Based on our Elk real estate market research and report the predicted sales prices will increase by 313.932% in the next 10 years.

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

Elk (Washington) 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 Housing Market Forecast with Real Estate Prices for 2025
August 2025 506201 466717 545684
September 2025 510441 480325 540557
October 2025 514716 474568 554864
November 2025 519028 484253 553803
December 2025 523375 484122 562628
Elk Housing Market Forecast with Real Estate Prices for 2026
January 2026 525125 491517 558733
February 2026 524653 484780 564527
March 2026 523830 490305 557355
April 2026 524380 486625 562135
May 2026 528772 492287 565258
June 2026 533201 484147 582256
July 2026 537668 494117 581219
August 2026 542171 511267 573075
September 2026 546713 500242 593183
October 2026 551292 522073 580510
November 2026 551833 498857 604809
December 2026 548273 510442 586104
Elk Housing Market Forecast with Real Estate Prices for 2027
January 2027 544735 492986 596485
February 2027 541221 488723 593719
March 2027 537729 502239 573219
April 2027 534260 484039 584480
May 2027 530813 504272 557353
June 2027 527388 478341 576435
July 2027 525515 485050 565979
August 2027 526372 486894 565850
September 2027 528106 496948 559264
October 2027 529519 477096 581941
November 2027 530249 487829 572669
December 2027 531752 490807 572697
Elk Housing Market Forecast with Real Estate Prices for 2028
January 2028 533554 496205 570902
February 2028 533973 481643 586302
March 2028 532979 504198 561759
April 2028 531353 503191 559514
May 2028 529869 477412 582326
June 2028 528901 490292 567511
July 2028 528647 497985 559308
August 2028 530158 482974 577342
September 2028 532675 479940 585410
October 2028 534858 489395 580321
November 2028 536729 503451 570006
December 2028 537287 490006 584569
Elk Housing Market Forecast with Real Estate Prices for 2029
January 2029 536959 499909 574009
February 2029 536168 486304 586032
March 2029 535748 505211 566286
April 2029 536624 498524 574724
May 2029 541119 488089 594149
June 2029 540454 494516 586393
July 2029 537978 507851 568105
August 2029 535861 490848 580873
September 2029 535100 492827 577373
October 2029 535877 483897 587857
November 2029 537889 492169 583610
December 2029 542395 493579 591210
Elk Housing Market Forecast with Real Estate Prices for 2030
January 2030 546938 519044 574832
February 2030 551519 507949 595089
March 2030 556139 521658 590620
April 2030 560797 514812 606783
May 2030 562673 515408 609937
June 2030 562167 529561 594773
July 2030 561285 531537 591033
August 2030 561874 532095 591653
September 2030 566580 525787 607374
October 2030 571326 514765 627887
November 2030 576112 530023 622201
December 2030 580937 546081 615794
Elk Housing Market Forecast with Real Estate Prices for 2031
January 2031 585803 530152 641455
February 2031 590710 556449 624971
March 2031 591290 545761 636820
April 2031 587475 532253 642698
May 2031 583685 532904 634466
June 2031 579919 548603 611235
July 2031 576178 546216 606139
August 2031 572460 538113 606808
September 2031 568767 514734 622800
October 2031 565097 526105 604089
November 2031 563090 512975 613205
December 2031 564008 534116 593901
Elk Housing Market Forecast with Real Estate Prices for 2032
January 2032 565867 513807 617926
February 2032 567380 528231 606529
March 2032 568163 527255 609070
April 2032 569773 535017 604529
May 2032 571704 529398 614010
June 2032 572153 532102 612203
July 2032 571087 515692 626483

> 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.