$4,928 Closing Credit*
$414,990
1,635 SqFt
4 Beds
•2 Full Baths
Kathryn Greer, Listing Office: DRH Realty of Iowa, LLC
Is Elkhart Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elkhart Township has remained a Buyer's Market.
Key Takeaway
Elkhart Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elkhart Township, IA
How much do homes in Elkhart Township, IA cost?
Median Sold Price
$319,277
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,277(+4.7%)
Key Takeaway
Homes in Elkhart Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Elkhart Township was $319,277 in November 2024, up 4.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $169.5K | N/A |
| 3 Bedrooms | $301.5K | $284.9K | -5.5% |
| 4 Bedrooms | $317.9K | $349.9K | +10.1% |
| 5+ Bedrooms | - | $451.1K | N/A |
Summary: Elkhart Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elkhart Township | $305K | $319.2K | +4.7% |
| Elkhart | $303.2K | $302.5K | -0.2% |
Housing Supply in Elkhart Township, IA
How many homes are available in Elkhart Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Summary: The Elkhart Township real estate market had 30 homes for sale in November 2024, a 21.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Elkhart Township housing inventory by bedroom type for November 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 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elkhart Township in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 74 Days | +1762.5% |
Summary: Homes in Elkhart Township had an average of 74 days on market in Nov 2024, up by 1762.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elkhart Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Elkhart Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
