New - 13 hours on RocketVideo tour
$2,730 Closing Credit¹
#202503407, Michael Worden, Listing Office: Howard Hanna SB Real Estate
46516 Housing Market Report January 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 December 2024
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
$160,000$112/SqFt
+$1,000
+0.6%
Based on all homes sold in January 2025
Insight
Homes in 46516 have sold for 0.6% more than they did a month ago.
Summary: The median home sold price in 46516 was $160,000 in January 2025, up 0.6% from last month, and the median price per square foot was $112.
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $153.2K | $123.7K | -19.2% |
| 33 Bedrooms | $168.9K | $163K | -3.5% |
| 44 Bedrooms | $175K | $154.7K | -11.6% |
| 55+ Bedrooms | - | $402.5K | N/A |
Summary: 46516 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -19.2%. The home price for 3 bedroom homes decreased by -3.5%. The home price for 4 bedroom homes decreased by -11.6%. The home price for 5 bedroom homes did not change.
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 |
|---|---|---|
| 99Last MonthJan 2025 | ||
| 882 months agoDec 2024 | +12.5 % Change MoMDec – Jan |
Summary: The 46516 real estate market had 99 homes for sale in Jan 2025, a 12.5 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthJan 2025 | ||
| 192 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 15 | 14 | -6.7% |
| 33 Bedrooms | 45 | 59 | +31.1% |
| 44 Bedrooms | 23 | 20 | -13.0% |
| 55+ Bedrooms | 5 | 6 | +20.0% |
Summary: 46516 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -6.7%. The inventory for 3 bedroom homes increased by +31.1%. The inventory for 4 bedroom homes decreased by -13.0%. The inventory for 5 bedroom homes increased by +20.0%.
Asking Price vs. Sold Price
How much do homes in 46516, IN cost?
Over Asking Price4 Homes
At Asking Price3 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in 46516, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 46516 in January 2025, the same as the previous month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and and 21% 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?
New - 1 day on RocketVideo tour
$1,781 Closing Credit¹
#202503305, Patricia Graham, Listing Office: Keller Williams Realty Group
New - 4 days on RocketVideo tour
$2,909 Closing Credit¹
#202502945, Shelly Mobus, Listing Office: McKinnies Realty, LLC Elkhart
New - 4 days on RocketVideo tour
$2,374 Closing Credit¹
#202502834, Jennifer Weldy, Listing Office: Berkshire Hathaway HomeServices Goshen
New - 5 days on RocketVideo tour
$593 Closing Credit¹
#202502760, Brad Beer, Listing Office: Heart City Realty LLC
New - 5 days on RocketVideo tour
$3,383 Closing Credit¹
#202502738, Kendrae Hilty, Listing Office: RE/MAX 100 Elkhart
New - 5 days on RocketVideo tour
$1,661 Closing Credit¹
#202502725, Lisa Alford-Collio, Listing Office: RE/MAX Results-Goshen
New - 7 days on RocketVideo tour
$2,969 Closing Credit¹
#202502480, David Miller, Listing Office: Berkshire Hathaway HomeServices Elkhart
$3,432 Closing Credit¹
#202502412, Wilma McDougle, Listing Office: McKinnies Realty, LLC Elkhart
Video tour
$2,197 Closing Credit¹
#202502281, Courtney Houin, Listing Office: Re/Max County Wide 1st
Video tour
$2,255 Closing Credit¹
#202502177, Jaime Perez, Listing Office: Century 21 Circle
Video tour
$831 Closing Credit¹
#202502103, Shaquia Hairston, Listing Office: Open Door Realty, Inc
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 12/01/2024 - 02/01/2025
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: 2/4/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.