$2,244 Closing Credit*
$189,000
3 Beds
•1 Full Bath
Kathy McMillan, Listing Office: Berkshire Hathaway HomeServices Elkhart
Is Elkhart County, 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 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
$240,000
$131/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$9,900(-4.0%)
Key Takeaway
Homes in Elkhart County have sold for 4% less than they did a month ago.
Summary: The median home sold price in Elkhart County was $240,000 in November 2024, down 4% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | - | N/A |
| 2 Bedrooms | $189K | $180K | -4.8% |
| 3 Bedrooms | $258.7K | $229.9K | -11.1% |
| 4 Bedrooms | $265K | $317.5K | +19.8% |
| 5+ Bedrooms | $354.4K | $505K | +42.5% |
Summary: Elkhart County 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 decreased by 4.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 42.5%.
Median Sold Price Compared To Nearby Counties
| Saint Joseph County | $218.7K | $229.9K | +5.1% |
| Kosciusko County | $258.9K | $264K | +2.0% |
| Elkhart County | $249.9K | $240K | -4.0% |
| LaGrange County | $265K | $250K | -5.7% |
Housing Supply in Elkhart County, IN
How many homes are available in Elkhart County, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 548 | 578 | +5.5% |
Summary: The Elkhart County real estate market had 578 homes for sale in November 2024, a 5.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 86 | 112 | +30.2% |
| 3 Bedrooms | 262 | 263 | 0.4% |
| 4 Bedrooms | 149 | 150 | +0.7% |
| 5+ Bedrooms | 46 | 48 | +4.3% |
Summary: The Elkhart County 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 increased by 30.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 134 | +2.3% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhart County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 134 homes were sold or pending in Elkhart County in November 2024, up by 2.3% month-over-month. Of the 129 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Elkhart County, IN
How long does it take to sell a home in Elkhart County, IN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkhart County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 134 homes were sold in Elkhart County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.