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#202527114, Michael Welsch, Listing office: Howard Hanna SB Real Estate
46514 Housing Market Report June 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 May 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
$214,000$147/SqFt
-$40,500
-15.9%
Based on all homes sold in June 2025
Insight
Homes in 46514 have sold for 15.9% less than they did a month ago.
Summary: The median home sold price in 46514 was $214,000 in June 2025, down 15.9% from last month, and the median price per square foot was $147.
Median Sold Price By Bedrooms
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $179.5K | $158.9K | -11.4% |
| 33 Bedrooms | $254.5K | $250K | -1.8% |
| 44 Bedrooms | $352.4K | $339.9K | -3.5% |
| 55+ Bedrooms | - | - | N/A |
Summary: 46514 housing price by bedroom type for June 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 -11.4%. The home price for 3 bedroom homes decreased by -1.8%. The home price for 4 bedroom homes decreased by -3.5%. The home price for 5 bedroom homes did not change.
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 |
|---|---|---|
| 143Last MonthJun 2025 | ||
| 1362 months agoMay 2025 | +5.1 % Change MoMMay – Jun |
Summary: The 46514 real estate market had 143 homes for sale in Jun 2025, a 5.1 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthJun 2025 | ||
| 442 months agoMay 2025 | -34.1 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 18 | 17 | -5.6% |
| 33 Bedrooms | 69 | 66 | -4.3% |
| 44 Bedrooms | 39 | 47 | +20.5% |
| 55+ Bedrooms | 10 | 13 | +30.0% |
Summary: 46514 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -5.6%. The inventory for 3 bedroom homes decreased by -4.3%. The inventory for 4 bedroom homes increased by +20.5%. The inventory for 5 bedroom homes increased by +30.0%.
Asking Price vs. Sold Price
How much do homes in 46514, IN cost?
Over Asking Price7 Homes
At Asking Price7 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in 46514, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 46514 in June 2025, down by 34.1% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and and 27% 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?
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 05/01/2025 - 07/01/2025
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: 7/14/2025, 5:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.