$3,705 Closing Credit*
$312,000
1,218 SqFt
2 Beds
•2 Full Baths
Tammy Heckart, Listing Office: RE/MAX Concepts
Is Elkhart Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elkhart Township has remained a Seller's Market.
Key Takeaway
Elkhart Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkhart Township, IA
How much do homes in Elkhart Township, IA cost?
Median Sold Price
$290,000
$246/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$20,100(+7.4%)
Key Takeaway
Homes in Elkhart Township have sold for 7.4% more than they did a month ago.
Summary: The median home sold price in Elkhart Township was $290,000 in October 2024, up 7.4% from last month, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $137K | -32.2% |
| 3 Bedrooms | $269.9K | $281K | +4.1% |
| 4 Bedrooms | $385.8K | $402K | +4.2% |
| 5+ Bedrooms | $442.4K | $484.5K | +9.5% |
Summary: Elkhart Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Elkhart | $212K | $302.5K | +42.7% |
| Elkhart Township | $269.9K | $290K | +7.4% |
| Union Township | $409.9K | $259.9K | -36.6% |
Housing Supply in Elkhart Township, IA
How many homes are available in Elkhart Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Summary: The Elkhart Township real estate market had 33 homes for sale in October 2024, a 17.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Elkhart Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhart Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Elkhart Township in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Elkhart Township, IA
How long does it take to sell a home in Elkhart Township, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 Days | 16 Days | -88.6% |
Summary: Homes in Elkhart Township had an average of 16 days on market in Oct 2024, down by 88.6% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkhart Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Elkhart Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
