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Featured local agent — Elkhart, IL
Sarah Mitchell
Compass Real Estate · Elkhart, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkhart, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$120,000median sale price
How is the Elkhart, IL housing market right now?
The median home sale price in Elkhart, IL is $120,000, up 9.1% year-over-year. Homes sell in an average of 35 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of January 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elkhart a buyer's or seller's market?
Elkhart, IL is currently a balanced market and homes selling in about 35 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
35
Average pace
Active listings
—
Sale-to-list
96.0%
Below asking
What does the Elkhart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $120,000 |
| Median list price | $575,000 |
| Year-over-year price change | +9.1% |
| Average days on market | 35 days |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $84/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elkhart by property type?
How the Elkhart, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $120,000 | $84/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Elkhart housing market is currently classified as a balanced market with a median sale price of $120,000. Prices have risen 9.1% compared to last year, with homes spending an average of 35 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.5x provides context for how home values compare to local earning capacity.
Homes for sale in Elkhart
Explore homes currently listed for sale in Elkhart, Illinois across major real estate platforms.
Who lives in Elkhart?
Population
442
Median income
$98,750/yr
Median age
45.3 years
Owner-occupied
78.4%
College grads
26.6%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkhart?
Zillow home value
$151,328
Price-to-income
1.5x
Source: Zillow Research
What is it like to live in Elkhart?
Elkhart is a community of approximately 0K residents with a median age of 45.3 years.The median household income is $98,750, which reflects a relatively affluent area with strong earning potential. 26.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elkhart offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elkhart, IL?
Want a head-to-head view? Compare Elkhart side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elkhart?
The median home sale price in Elkhart is $120,000, up 9.1% from last year.
How long do homes stay on market in Elkhart?
Homes typically spend 35 days on market before going under contract.
What is the median income in Elkhart?
The median household income is $98,750 per year.
What is the Zillow home value estimate for Elkhart?
The Zillow Home Value Index (ZHVI) for Elkhart is $151,328, representing the typical home value in the area.
How much does a single-family home cost in Elkhart?
The median single-family home price in Elkhart, IL is $120,000 (about $84 per square foot).
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