$4,630 Closing Credit*
$389,900
1,310 SqFt
3 Beds
•2 Full Baths
#1899959, Leslie Boyea, Listing Office: Quorum Enterprises, Inc.
Is Elkhart Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elkhart Lake was a Buyer's Market.
Key Takeaway
Elkhart Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkhart Lake, WI
How much do homes in Elkhart Lake, WI cost?
Median Sold Price
$433,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,000(+17.3%)
Key Takeaway
Homes in Elkhart Lake have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Elkhart Lake was $433,000 in November 2024, up 17.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $246K | +22.4% |
| 2 Bedrooms | $393K | $399K | +1.5% |
| 3 Bedrooms | $373.5K | $442.6K | +18.5% |
| 4 Bedrooms | $477K | $485K | +1.7% |
| 5+ Bedrooms | $2.1M | $599.9K | -72.5% |
Summary: Elkhart Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 72.5%.
Housing Supply in Elkhart Lake, WI
How many homes are available in Elkhart Lake, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Elkhart Lake real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elkhart Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhart Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Elkhart Lake in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Elkhart Lake, WI
We’re sorry, we don't have information for this market at the moment
