1 day on RocketTour
$5,047 Closing Credit¹
#202512460, Tony Lancaster, Listing Office: Snyder Strategy Realty Inc.
46514 Housing Market Report March 2025•Elkhart County, Indiana
Housing Prices in 46514, IN
How much do homes in 46514, IN cost?
Housing Market Conditions
Is 46514, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
46514 is a Seller's Market
Difference Since February 2025
Last month, 46514 has remained a Seller's Market.
Insight
46514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$233,700$121/SqFt
-$1,250
-0.5%
Based on all homes sold in March 2025
Insight
Homes in 46514 have sold for 0.5% less than they did a month ago.
Summary: The median home sold price in 46514 was $233,700 in March 2025, down 0.5% from last month, and the median price per square foot was $121.
Median Sold Price By Bedrooms
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $60K | - | N/A |
| 22 Bedrooms | $166.2K | $132.9K | -20.0% |
| 33 Bedrooms | $234.9K | $225K | -4.2% |
| 44 Bedrooms | $319.9K | $287.5K | -10.1% |
| 55+ Bedrooms | $645K | $514.9K | -20.2% |
Summary: 46514 housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -20.0%. The home price for 3 bedroom homes decreased by -4.2%. The home price for 4 bedroom homes decreased by -10.1%. The home price for 5 bedroom homes decreased by -20.2%.
How does 46514, IN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
46514, IN
Housing supply in 46514, IN
How many homes are available in 46514, IN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 130Last MonthMar 2025 | ||
| 1112 months agoFeb 2025 | +17.1 % Change MoMFeb – Mar |
Summary: The 46514 real estate market had 130 homes for sale in Mar 2025, a 17.1 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 35Last MonthMar 2025 | ||
| 222 months agoFeb 2025 | +59.1 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 15 | 19 | +26.7% |
| 33 Bedrooms | 56 | 65 | +16.1% |
| 44 Bedrooms | 28 | 35 | +25.0% |
| 55+ Bedrooms | 11 | 11 | 0.0% |
Summary: 46514 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +26.7%. The inventory for 3 bedroom homes increased by +16.1%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 46514, IN cost?
Over Asking Price6 Homes
At Asking Price7 Homes
Under Asking Price19 Homes
Insight
If you're buying a home in 46514, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 46514 in March 2025, up by 59.1% month-over-month. Of the 32 sold homes, 59% were sold under asking, 22% were sold at asking, and and 19% were sold over asking.
Days on Market for 46514, IN
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in 46514, IN
What homes are available in 46514, IN?
3 days on RocketTour
$4,049 Closing Credit¹
#202512108, TaSheena Abrams, Listing Office: Rooted Realty
3 days on RocketTour
$10,000 Closing Credit¹
#202511977, Bill Mccarthy, Listing Office: RE/MAX 100
3 days on RocketTour
$2,731 Closing Credit¹
#202511967, Kristen Nicks, Listing Office: Main Street Real Estate Co. LLC
3 days on RocketTour
$593 Closing Credit¹
#202511964, Brad Beer, Listing Office: Heart City Realty LLC
3 days on Rocket
$4,738 Closing Credit¹
#202511956, Julie Thatcher, Listing Office: Coldwell Banker Real Estate Group
5 days on Rocket
#202511655, Deanna Wilcox-Moen, Listing Office: Realty Experts LLC
7 days on RocketTour
$1,186 Closing Credit¹
#202511533, Drew Overmyer, Listing Office: At Home Realty Group
Tour
$3,561 Closing Credit¹
#202511267, Wilma McDougle, Listing Office: McKinnies Realty, LLC Elkhart
#202511093, Nate Roll, Listing Office: Rock Auctioneers & Real Estate
Tour
$4,274 Closing Credit¹
#202510878, Wilma McDougle, Listing Office: McKinnies Realty, LLC Elkhart
Tour
$4,214 Closing Credit¹
#202510837, Jill Robinson, Listing Office: eXp Realty, LLC
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 02/01/2025 - 04/01/2025
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. ©2011-2025 Indiana Regional MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/13/2025, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.