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46516 Housing Market Report April 2025•Elkhart County, Indiana
Housing Prices in 46516, IN
How much do homes in 46516, IN cost?
Housing Market Conditions
Is 46516, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
46516 is a Seller's Market
Difference Since March 2025
Last month, 46516 has remained a Seller's Market.
Insight
46516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$181,450$137/SqFt
-$9,550
-5.0%
Based on all homes sold in April 2025
Insight
Homes in 46516 have sold for 5% less than they did a month ago.
Summary: The median home sold price in 46516 was $181,450 in April 2025, down 5% from last month, and the median price per square foot was $137.
Median Sold Price By Bedrooms
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | $100K | N/A |
| 22 Bedrooms | $140K | $175K | +25.0% |
| 33 Bedrooms | $210K | $175.2K | -16.5% |
| 44 Bedrooms | $277.4K | $230K | -17.1% |
| 55+ Bedrooms | - | $195.9K | N/A |
Summary: 46516 housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +25.0%. The home price for 3 bedroom homes decreased by -16.5%. The home price for 4 bedroom homes decreased by -17.1%. The home price for 5 bedroom homes did not change.
How does 46516, IN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
46516, IN
Housing supply in 46516, IN
How many homes are available in 46516, IN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 102Last MonthApr 2025 | ||
| 1012 months agoMar 2025 | +1.0 % Change MoMMar – Apr |
Summary: The 46516 real estate market had 102 homes for sale in Apr 2025, a 1.0 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthApr 2025 | ||
| 312 months agoMar 2025 | 0.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 19 | 20 | +5.3% |
| 33 Bedrooms | 51 | 47 | -7.8% |
| 44 Bedrooms | 22 | 24 | +9.1% |
| 55+ Bedrooms | 8 | 10 | +25.0% |
Summary: 46516 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +5.3%. The inventory for 3 bedroom homes decreased by -7.8%. The inventory for 4 bedroom homes increased by +9.1%. The inventory for 5 bedroom homes increased by +25.0%.
Asking Price vs. Sold Price
How much do homes in 46516, IN cost?
Over Asking Price9 Homes
At Asking Price7 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in 46516, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 46516 in April 2025, the same as the previous month. Of the 28 sold homes, 43% were sold under asking, 25% were sold at asking, and and 32% were sold over asking.
Days on Market for 46516, 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 46516, IN
What homes are available in 46516, IN?
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 03/01/2025 - 05/01/2025
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: 5/5/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.