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Featured local agent — Elkhart Lake, WI
Sarah Mitchell
Compass Real Estate · Elkhart Lake, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkhart Lake, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$760,000median sale price
How is the Elkhart Lake, WI housing market right now?
The median home sale price in Elkhart Lake, WI is $760,000, up 139.8% year-over-year. Homes sell in an average of 63 days with 21 active listings. The market is currently a buyer'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 Lake a buyer's or seller's market?
Elkhart Lake, WI is currently a buyer's market, based on 7.0 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
63
Average pace
Active listings
21
7.0 months supply
Sale-to-list
95.0%
Below asking
What does the Elkhart Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $760,000 |
| Median list price | $717,000 |
| Year-over-year price change | +139.8% |
| Average days on market | 63 days |
| Active inventory | 21 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $399/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 7 |
| Listings with a price cut | 9.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elkhart Lake by property type?
How the Elkhart Lake, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $425,000 | $250/sq ft | 1 | 49 days |
| Condo / Co-op | $760,000 | $399/sq ft | 3 | 63 days |
Source: Redfin · Updated monthly
The Elkhart Lake housing market is currently classified as a buyer's market with a median sale price of $760,000. Prices have risen 139.8% compared to last year, with homes spending an average of 63 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Elkhart Lake
There are currently 21 homes listed for sale in Elkhart Lake, Wisconsin. The median listing price is $717K.
Active listings
21
Homes on market
Median list price
$717K
Avg. days on market
63
Days until sale
New this week
7
Newly listed
Who lives in Elkhart Lake?
Population
1,097
Median income
$86,071/yr
Median age
57.4 years
Owner-occupied
72.3%
College grads
49.4%
Avg commute
18.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkhart Lake?
Zillow home value
$469,729
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Elkhart Lake?
Elkhart Lake is a community of approximately 1K residents with a median age of 57.4 years.The median household income is $86,071, which reflects a relatively affluent area with strong earning potential. 49.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 72.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elkhart Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elkhart Lake?
2 schools tracked · 511 students
The largest public schools serving Elkhart Lake, WI 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 Lake Elementary/Middle
Grades PK-8 · 351 students
Elkhart Lake High
Grades 9-12 · 160 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 Lake, WI?
Want a head-to-head view? Compare Elkhart Lake 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 Lake?
The median home sale price in Elkhart Lake is $760,000, up 139.8% from last year.
How long do homes stay on market in Elkhart Lake?
Homes typically spend 63 days on market before going under contract.
What is the median income in Elkhart Lake?
The median household income is $86,071 per year.
Is Elkhart Lake a buyer's or seller's market?
With 7.0 months of supply, Elkhart Lake is currently a buyer's market.
What is the Zillow home value estimate for Elkhart Lake?
The Zillow Home Value Index (ZHVI) for Elkhart Lake is $469,729, representing the typical home value in the area.
What is the median condo price in Elkhart Lake?
The median condo/co-op sale price in Elkhart Lake, WI is $760,000, compared to $425,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elkhart Lake?
The median single-family home price in Elkhart Lake, WI is $425,000 (about $250 per square foot).
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