$95,000
2.90 Acres
Land
#1896950, Rich Ryan, Listing Office: Pleasant View Realty, LLC
Is Elkhart Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,750(+21.5%)
Key Takeaway
Homes in Elkhart Lake have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Elkhart Lake was $433,000 in October 2024, up 21.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $246K | +22.4% |
| 2 Bedrooms | $393K | $397K | +1.0% |
| 3 Bedrooms | $373.5K | $442.6K | +18.5% |
| 4 Bedrooms | $427K | $467.5K | +9.5% |
| 5+ Bedrooms | $2.1M | $599.9K | -72.5% |
Summary: Elkhart Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 9.5%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Elkhart Lake real estate market had 24 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Elkhart Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were 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, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Elkhart Lake in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
