Oak wood is generally more expensive than elm wood. This is due to several factors that influence the market value of each type of wood.

Firstly, oak trees are less abundant than elm trees. Oak forests are often more selectively harvested, which means that fewer oak trees are cut down for timber compared to elm trees. The scarcity of oak wood increases its demand and, consequently, its price. Additionally, oak is prized for its durability, strength, and aesthetic appeal, making it a popular choice for high-end furniture, flooring, and construction projects.

Elm wood, on the other hand, is more readily available and is often used for less demanding applications. While elm is also a durable wood, it is not as strong or heavy as oak, which affects its suitability for certain uses. The lower demand for elm wood in high-end markets contributes to its lower price point.

According to the U.S. Forest Service, the average price per board foot of oak lumber was around $3.50 in 2021, while elm lumber was priced at approximately $2.50 per board foot. This price difference reflects the higher value placed on oak wood due to its rarity and superior qualities.

Furthermore, oak wood is often used in high-quality furniture and flooring, which commands a premium price. Elm wood, while still a valuable material, is more commonly found in lower-end furniture and construction projects, where cost is a significant factor.

In summary, oak wood is more expensive than elm wood due to its scarcity, superior qualities, and higher demand in high-end markets. The price difference is evident in the average market rates for each type of wood, with oak consistently commanding a higher price.