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Featured local agent — Elkhart, IN
Sarah Mitchell
Compass Real Estate · Elkhart, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkhart, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$195,000median sale price
How is the Elkhart, IN housing market right now?
The median home sale price in Elkhart, IN is $195,000, up 18.2% year-over-year. Homes sell in an average of 16 days with 79 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 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, IN is currently a seller's market, based on 1.7 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
46
Last 12 weeks
Days on market
16
Fast-moving
Active listings
79
1.7 months supply
Sale-to-list
99.9%
Below asking
What does the Elkhart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $195,000 |
| Median list price | $212,250 |
| Year-over-year price change | +18.2% |
| Average days on market | 16 days |
| Active inventory | 79 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $145/sq ft |
| Homes sold (latest month) | 46 |
| New listings (latest month) | 58 |
| Listings with a price cut | 30.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elkhart by property type?
How the Elkhart, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $195,000 | $145/sq ft | 43 | 15 days |
| Condo / Co-op | $149,500 | $145/sq ft | 2 | 36 days |
Source: Redfin · Updated monthly
The Elkhart housing market is currently classified as a seller's market with a median sale price of $195,000. Prices have risen 18.2% compared to last year, with homes spending an average of 16 days on market, indicating 1.7 months of inventory.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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Elkhart
There are currently 79 homes listed for sale in Elkhart, Indiana. The median listing price is $212K.
Active listings
79
Homes on market
Median list price
$212K
Avg. days on market
16
Days until sale
New this week
58
Newly listed
Who lives in Elkhart?
Population
53,726
Median income
$47,885/yr
Median age
35.2 years
Owner-occupied
52.7%
College grads
17.5%
Avg commute
18.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkhart?
Zillow home value
$231,940
Zillow rent index
$1,174/mo
Price-to-rent ratio
16.5x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Elkhart?
Elkhart is a community of approximately 54K residents with a median age of 35.2 years.The median household income is $47,885, which represents a working-class community with solid middle-income opportunities. 17.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.7%, showing a blend of owner and renter-occupied properties. The average commute time is 18.1 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 public schools serve Elkhart?
31 schools tracked · 17,954 students
The largest public schools serving Elkhart, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elkhart High School
Grades 9-12 · 3,195 students
Concord Community High School
Grades 9-12 · 1,735 students
Concord Junior High School
Grades 7-8 · 876 students
Concord Intermediate School
Grades 5-6 · 754 students
West Side Middle School
Grades 7-8 · 570 students
Jimtown Intermediate School
Grades 3-6 · 562 students
North Side Middle School
Grades 7-8 · 562 students
Cleveland Elementary School
Grades K-6 · 557 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elkhart, IN?
Want a head-to-head view? Compare Elkhart side-by-side with any other U.S. city using our market-comparison tool.
Is Elkhart a good real estate investment market?
For investors evaluating Elkhart, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 18.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elkhart's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elkhart's median home price.
Frequently asked questions
What is the average home price in Elkhart?
The median home sale price in Elkhart is $195,000, up 18.2% from last year.
How long do homes stay on market in Elkhart?
Homes typically spend 16 days on market before going under contract.
What is the median income in Elkhart?
The median household income is $47,885 per year.
Is Elkhart a buyer's or seller's market?
With 1.7 months of supply, Elkhart is currently a seller's market.
What is the Zillow home value estimate for Elkhart?
The Zillow Home Value Index (ZHVI) for Elkhart is $231,940, representing the typical home value in the area.
What is the median condo price in Elkhart?
The median condo/co-op sale price in Elkhart, IN is $149,500, compared to $195,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elkhart?
The median single-family home price in Elkhart, IN is $195,000 (about $145 per square foot).
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