$3,741 Closing Credit*
$315,000
1,500 SqFt
2 Beds
•2 Full Baths
#1902099, Connie Poggensee, Listing Office: Realty Executives SE-Elkhorn
Is Elkhorn, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$357,450
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,450(+8.3%)
Key Takeaway
Homes in Elkhorn have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Elkhorn was $357,450 in November 2024, up 8.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $188.5K | +31.8% |
| 2 Bedrooms | $255K | $234K | -8.2% |
| 3 Bedrooms | $347K | $357.5K | +3.0% |
| 4 Bedrooms | $374.9K | $425.9K | +13.6% |
| 5+ Bedrooms | $400K | $470K | +17.5% |
Summary: Elkhorn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Geneva | $359K | $393.4K | +9.6% |
| Elkhorn | $330K | $357.4K | +8.3% |
| Sugar Creek | $367.5K | $377.5K | +2.7% |
| Lafayette | $517.5K | $510K | -1.4% |
Housing Supply in Elkhorn, WI
How many homes are available in Elkhorn, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 59 | -6.3% |
Summary: The Elkhorn real estate market had 59 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Elkhorn 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 12.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhorn, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Elkhorn in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for Elkhorn, WI
We’re sorry, we don't have information for this market at the moment
