$339,980
1.34 Acres
Land
#1899534, Gitzlaff Team*, Listing Office: RE/MAX ELITE
Is Elkhorn, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Elkhorn has remained a Seller's Market.
Key Takeaway
Elkhorn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkhorn, WI
How much do homes in Elkhorn, WI cost?
Median Sold Price
$353,387
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,387(+7.1%)
Key Takeaway
Homes in Elkhorn have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Elkhorn was $353,387 in October 2024, up 7.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $197K | +3.7% |
| 2 Bedrooms | $253.7K | $229.5K | -9.6% |
| 3 Bedrooms | $342.5K | $349.5K | +2.0% |
| 4 Bedrooms | $374.9K | $428.4K | +14.3% |
| 5+ Bedrooms | $391.5K | $470K | +20.1% |
Summary: Elkhorn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Geneva | $368K | $395.9K | +7.6% |
| Elkhorn | $330K | $353.3K | +7.1% |
| Sugar Creek | $362.5K | $375K | +3.4% |
| Lafayette | $517.5K | $483.7K | -6.5% |
Housing Supply in Elkhorn, WI
How many homes are available in Elkhorn, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 66 | -12.0% |
Summary: The Elkhorn real estate market had 66 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 37 | 31 | -16.2% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Elkhorn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhorn, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Elkhorn in October 2024, down by 22.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% were sold over asking.
Days on Market for Elkhorn, WI
We’re sorry, we don't have information for this market at the moment
