Is Elkhart County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elkhart County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elkhart County has remained a Seller's Market.

Key Takeaway

Elkhart County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elkhart County, IN

How much do homes in Elkhart County, IN cost?

Median Sold Price

$252,200

$137/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$2,800(-1.1%)

Key Takeaway

Homes in Elkhart County have sold for 1.1% less than they did a month ago.

Summary: The median home sold price in Elkhart County was $252,200 in October 2024, down 1.1% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $94K$100K
+6.4%
2 $167.5K$189K
+12.8%
3 $250K$262.5K
+5.0%
4 $307.2K$264K
-14.1%
5+ $373.9K$354.4K
-5.2%

Summary: Elkhart County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Counties

LaGrange County
+11.6%
Kosciusko County
+6.4%
Elkhart County
-1.1%
Saint Joseph County
-2.3%

Housing Supply in Elkhart County, IN

How many homes are available in Elkhart County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
505558+10.5%

Summary: The Elkhart County real estate market had 558 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 7390
+23.3%
3 249267
+7.2%
4 140153
+9.3%
5+ 4044
+10.0%

Summary: The Elkhart County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
147128-12.9%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elkhart County, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Elkhart County in October 2024, down by 12.9% month-over-month. Of the 122 sold homes, 43% were sold under asking, 31% were sold at asking, and 26% were sold over asking.

Days on Market for Elkhart County, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Elkhart County, IN

Nearby Markets to Elkhart County, IN

What housing markets are near Elkhart County, IN?