Question 1

What is the median sold price in Elbow Park?

Accepted Answer

The median sold price in Elbow Park is $1,883,450 based on 110 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Elbow Park?

Accepted Answer

The average sold price in Elbow Park is $2,124,277. Note that the average ($2,124,277) is higher than the median ($1,883,450), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Elbow Park?

Accepted Answer

Home prices in Elbow Park range from $799,000 to $6,670,000 based on recent sales data. This $5,871,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Elbow Park selling above or below asking price?

Accepted Answer

On average, homes in Elbow Park are selling at 98.0% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Elbow Park?

Accepted Answer

Homes in Elbow Park are selling in an average of 25 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Elbow Park?

Accepted Answer

The average price per square foot in Elbow Park is $796. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $1,592,000.

Question 7

How active is the real estate market in Elbow Park?

Accepted Answer

The Elbow Park market has seen 110 home sales over the past 2 years, with 10 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How many new listings are coming to market in Elbow Park?

Accepted Answer

There have been 7 new listings in Elbow Park during February 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Elbow Park?

Accepted Answer

The most common property types selling in Elbow Park are: detached homes (103 sold, avg $2,181,025), residential land (7 sold, avg $1,289,271). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Elbow Park?

Accepted Answer

Detached homes in Elbow Park are selling for an average of $2,181,025, with 103 sales over the past 2 years. The average price per square foot for detached homes is $796.

Question 11

Are home prices rising or falling in Elbow Park?

Accepted Answer

Home prices in Elbow Park have increased by 283.2% over the past 2 years. The average sold price moved from $885,000 to $3,391,500. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 12

Is Elbow Park a buyer's or seller's market?

Accepted Answer

Based on current data, Elbow Park is a slight seller's market. Homes are selling in 25 days on average and at 98.0% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 13

What percentage of homes sell above asking price in Elbow Park?

Accepted Answer

In Elbow Park, 24% of homes sold above asking price, while 68% sold below asking. A moderate number of homes attract multiple offers.

Question 14

What are the average property taxes in Elbow Park?

Accepted Answer

The average annual property tax in Elbow Park is $10,636, with a median of $9,206. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Elbow Park?

Accepted Answer

Homes selling in Elbow Park range from 938 to 5,417 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in Elbow Park?

Accepted Answer

Elbow Park shows moderate price diversity with a standard deviation of $1,007,244 around the average price of $2,124,277. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in Elbow Park?

Accepted Answer

Simply search our Elbow Park sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 18

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Elbow Park will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Elbow Park?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Elbow Park. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Elbow Park Homes Sold in the Last 30 Days

Elbow Park Sold Data Overview

6 Recently Sold Homes in Elbow Park (Last 30 days • Updated February 24, 2026 at 4:44 PM)

Sold Data & Market Statistics for Elbow Park

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

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