Elkhart Township Housing Market Report February 2025Elkhart County, Indiana

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Housing Prices in Elkhart Township, IN

How much do homes in Elkhart Township, IN cost?

Housing Market Conditions

Is Elkhart Township, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elkhart Township is a Seller's Market

Difference Since January 2025

Last month, Elkhart Township has remained a Seller's Market.

Insight

Elkhart Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$205,000$136/SqFt
+$7,000
+3.5%

Based on all homes sold in February 2025

Insight

Homes in Elkhart Township have sold for 3.5% more than they did a month ago.

Summary: The median home sold price in Elkhart Township was $205,000 in February 2025, up 3.5% from last month, and the median price per square foot was $136.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Harrison Township
+171.0%
Goshen
+22.8%
Elkhart Township
+3.5%
Jefferson Township
-44.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1$90K$67.6K
-24.9%
2$146.5K$162.4K
+10.9%
3$221K$210K
-5.0%
4$234.9K$287.2K
+22.3%
5$402.5K$645K
+60.2%

Summary: Elkhart Township housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes decreased by -24.9%. The home price for 2 bedroom homes increased by +10.9%. The home price for 3 bedroom homes decreased by -5.0%. The home price for 4 bedroom homes increased by +22.3%. The home price for 5 bedroom homes increased by +60.2%.

How does Elkhart Township, IN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elkhart Township, IN

Housing supply in Elkhart Township, IN

How many homes are available in Elkhart Township, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
316Last MonthFeb 2025
3152 months agoJan 2025
0.3 %
Change MoMJan – Feb

Summary: The Elkhart Township real estate market had 316 homes for sale in Feb 2025, a .3 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
71Last MonthFeb 2025
772 months agoJan 2025
-7.8 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
144
0.0%
25860
+3.4%
3159156
-1.9%
47572
-4.0%
51924
+26.3%

Summary: Elkhart Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +3.4%. The inventory for 3 bedroom homes decreased by -1.9%. The inventory for 4 bedroom homes decreased by -4.0%. The inventory for 5 bedroom homes increased by +26.3%.

Asking Price vs. Sold Price

How much do homes in Elkhart Township, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price14 Homes

At Asking Price18 Homes

Under Asking Price35 Homes

Insight

If you're buying a home in Elkhart Township, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Elkhart Township in February 2025, down by 7.8% month-over-month. Of the 67 sold homes, 52% were sold under asking, 27% were sold at asking, and and 21% were sold over asking.

Days on Market for Elkhart Township, IN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

Newest Listings in Elkhart Township, IN

What homes are available in Elkhart Township, IN?

MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, for the period 01/01/2025 - 03/01/2025

IDX 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: 3/14/2025, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.