$3,443 Closing Credit*
$289,900
3 Beds
•2 Full Baths
Jose Ramirez, Listing Office: Berkshire Hathaway HomeServices Elkhart
Is Elkhart, IN 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 has remained a Seller's Market.
Key Takeaway
Elkhart is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkhart, IN
How much do homes in Elkhart, IN cost?
Median Sold Price
$225,001
$127/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$5,161(-2.2%)
Key Takeaway
Homes in Elkhart have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in Elkhart was $225,001 in November 2024, down 2.2% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.9K | - | N/A |
| 2 Bedrooms | $172.5K | $174K | +0.9% |
| 3 Bedrooms | $265K | $225K | -15.1% |
| 4 Bedrooms | $235.3K | $306.7K | +30.4% |
| 5+ Bedrooms | $720K | $710K | -1.4% |
Summary: Elkhart housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Baugo Township | $256.4K | $271.7K | +6.0% |
| Concord Township | $200K | $200K | 0.0% |
| Elkhart | $230.1K | $225K | -2.2% |
| Osolo Township | $279K | $270K | -3.2% |
| Cleveland Township | $310K | $282K | -9.0% |
Housing Supply in Elkhart, IN
How many homes are available in Elkhart, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 306 | 328 | +7.2% |
Summary: The Elkhart real estate market had 328 homes for sale in November 2024, a 7.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 48 | 58 | +20.8% |
| 3 Bedrooms | 155 | 168 | +8.4% |
| 4 Bedrooms | 82 | 81 | -1.2% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Elkhart housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 78 | +8.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhart, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Elkhart in November 2024, up by 8.3% month-over-month. Of the 75 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Elkhart, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.