New - 27 minutes on Rocket
$1,841 Closing Credit¹
#202505523, Jennea Schirr, Listing Office: McKinnies Realty, LLC Elkhart
Elkhart Housing Market Report January 2025•Elkhart County, Indiana
Housing Prices in Elkhart, IN
How much do homes in Elkhart, IN cost?
Housing Market Conditions
Is Elkhart, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Elkhart is a Seller's Market
Difference Since December 2024
Last month, Elkhart has remained a Seller's Market.
Insight
Elkhart is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$192,000$137/SqFt
-$15,500
-7.5%
Based on all homes sold in January 2025
Insight
Homes in Elkhart have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in Elkhart was $192,000 in January 2025, down 7.5% from last month, and the median price per square foot was $137.
Median Sold Price By Cities
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Osolo Township | $237.2K | $275K | +15.9% |
| Cleveland Township | $238K | $250K | +5.0% |
| Concord Township | $175K | $167.5K | -4.3% |
| Elkhart | $207.5K | $192K | -7.5% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $147.5K | $144K | -2.4% |
| 33 Bedrooms | $224.9K | $206.5K | -8.2% |
| 44 Bedrooms | $229.9K | $231.4K | +0.7% |
| 55+ Bedrooms | $482.5K | $402.5K | -16.6% |
Summary: Elkhart 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 -2.4%. The home price for 3 bedroom homes decreased by -8.2%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -16.6%.
Housing supply in Elkhart, IN
How many homes are available in Elkhart, IN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 259Last MonthJan 2025 | ||
| 2732 months agoDec 2024 | -5.1 % Change MoMDec – Jan |
Summary: The Elkhart real estate market had 259 homes for sale in Jan 2025, a 5.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 61Last MonthJan 2025 | ||
| 822 months agoDec 2024 | -25.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 138 | 142 | +2.9% |
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 49 | 38 | -22.4% |
| 44 Bedrooms | 66 | 62 | -6.1% |
| 55+ Bedrooms | 19 | 16 | -15.8% |
Summary: Elkhart housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +2.9%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -22.4%. The inventory for 4 bedroom homes decreased by -6.1%. The inventory for 5 bedroom homes decreased by -15.8%.
Asking Price vs. Sold Price
How much do homes in Elkhart, IN cost?
Over Asking Price14 Homes
At Asking Price20 Homes
Under Asking Price27 Homes
Insight
If you're buying a home in Elkhart, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Elkhart in January 2025, down by 25.6% month-over-month. Of the 61 sold homes, 44% were sold under asking, 33% were sold at asking, and and 23% were sold over asking.
Days on Market for Elkhart, 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 Elkhart, IN
What homes are available in Elkhart, IN?
New - 1 hour on Rocket
$3,349 Closing Credit¹
#202505503, Megan Shultz, Listing Office: Century 21 Circle
New - 6 hours on Rocket
#202505454, Andrew Myers, Listing Office: Myers Trust Real Estate
New - 1 day on Rocket
$4,738 Closing Credit¹
#202505366, Jackie Mahony, Listing Office: Coldwell Banker Real Estate Group
New - 1 day on RocketVideo tour
$4,749 Closing Credit¹
#202505354, Jamie Floyd, Listing Office: eXp Realty, LLC
New - 1 day on RocketVideo tour
#202505273, Lori Snyder, Listing Office: Berkshire Hathaway HomeServices Elkhart
New - 1 day on RocketVideo tour
#202505275, Lori Snyder, Listing Office: Berkshire Hathaway HomeServices Elkhart
New - 1 day on RocketVideo tour
$2,048 Closing Credit¹
#202505265, Kathy McMillan, Listing Office: Berkshire Hathaway HomeServices Elkhart
New - 1 day on RocketVideo tour
$2,255 Closing Credit¹
#202505263, Heidi Gaskill, Listing Office: Berkshire Hathaway HomeServices Elkhart
New - 2 days on RocketVideo tour
$1,186 Closing Credit¹
#202505204, Cory White, Listing Office: Realty Group Resources
New - 2 days on RocketVideo tour
#202505202, Cory White, Listing Office: Realty Group Resources
New - 2 days on RocketVideo tour
#202505199, Cory White, Listing Office: Realty Group Resources
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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: 2/21/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.