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Featured local agent — Elkhart, IA
Sarah Mitchell
Compass Real Estate · Elkhart, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkhart, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$287,500median sale price
How is the Elkhart, IA housing market right now?
The median home sale price in Elkhart, IA is $287,500, down 9.1% year-over-year. Homes sell in an average of 8 days with 4 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of April 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, IA is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
8
Fast-moving
Active listings
4
0.8 months supply
Sale-to-list
99.6%
Below asking
What does the Elkhart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $287,500 |
| Median list price | $345,450 |
| Year-over-year price change | -9.1% |
| Average days on market | 8 days |
| Active inventory | 4 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $251/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elkhart by property type?
How the Elkhart, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $287,500 | $251/sq ft | 5 | 8 days |
| Condo / Co-op | $280,000 | $222/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Elkhart housing market is currently classified as a strong seller's market with a median sale price of $287,500. Prices have fallen 9.1% compared to last year, with homes spending an average of 8 days on market, indicating 0.8 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 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Elkhart
There are currently 4 homes listed for sale in Elkhart, Iowa. The median listing price is $345K.
Active listings
4
Homes on market
Median list price
$345K
Avg. days on market
8
Days until sale
New this week
2
Newly listed
Who lives in Elkhart?
Population
680
Median income
$81,771/yr
Median age
38.7 years
Owner-occupied
85.9%
College grads
25.8%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkhart?
Zillow home value
$325,335
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Elkhart?
Elkhart is a community of approximately 1K residents with a median age of 38.7 years.The median household income is $81,771, which reflects a relatively affluent area with strong earning potential. 25.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 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, IA?
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 $287,500, down 9.1% from last year.
How long do homes stay on market in Elkhart?
Homes typically spend 8 days on market before going under contract.
What is the median income in Elkhart?
The median household income is $81,771 per year.
Is Elkhart a buyer's or seller's market?
With 0.8 months of supply, Elkhart is currently a strong seller's market.
What is the Zillow home value estimate for Elkhart?
The Zillow Home Value Index (ZHVI) for Elkhart is $325,335, 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, IA is $280,000, compared to $287,500 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, IA is $287,500 (about $251 per square foot).
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