$275,000
W6709 Lakeshore Cir
Elkhorn, WI
3 bd1 ba1,100 sqft$250/ft²
House11,761 sqft lot
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Compass Real Estate · Elkhorn, WI
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Elkhorn, WI(512) 555-0184TX License #0512847
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Elkhorn, WI Housing Market
Seller's market+1.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Elkhorn, WI is worth $346,329, rose 1.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $340,000, +13.4% year over year (through May 2026). With 3.0 months of supply and homes going under contract in about 39 days, Elkhorn is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $346,329 home is about $1,849/mo in principal and interest.
Key numbers for Elkhorn, WI
Typical home value
$346,329
+1.6% in 12 months
Zillow, August 2026
Median sale price
$340,000
+13.4% year over year
Redfin, through May 2026
Days on market
39
Average pace
Redfin, through May 2026
Active listings
21
3.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$73,052
Home costs 4.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.3%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elkhorn a buyer's or seller's market?
Seller's market3.0 months of supply39 days on market101.3% of asking
Elkhorn, WI is a seller's market, based on 3.0 months of supply and homes selling in about 39 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elkhorn housing market data show?
Every row below is Redfin's final published month for Elkhorn, WI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $340,000 |
| Median list price | $349,000 |
| Year-over-year price change | +13.4% |
| Median price per sq ft | $219/sq ft |
| Median days on market | 39 days |
| Active inventory | 21 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 101.3% |
| Homes sold (that month) | 7 |
| New listings (that month) | 15 |
| Listings with a price cut | 14.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elkhorn is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elkhorn is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elkhorn home prices moved?
Over the last three years the median sale price in Elkhorn, WI rose 6.6%, from $319,000 to $340,000. The live Zillow value series has rose 1.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Elkhorn listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 101.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Elkhorn?
Priced off the typical home value of $346,329 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $69,266 | $277,063 | $1,849/mo |
| 5% | $17,316 | $329,012 | $2,196/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,849, that implies roughly $79,238 a year before you add taxes and insurance. The median household in Elkhorn earns $73,052, about $6,186 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.7x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elkhorn in the next 12 months?
Tell us your timeline. We send the Elkhorn market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elkhorn?
Zillow does not publish a rent index (ZORI) for Elkhorn, WI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elkhorn?
Active listings in Elkhorn, WI went from 16 in May 2025 to 21 in May 2026, a +31.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 26 | 16 |
| July 2025 | 31 | 19 |
| August 2025 | 31 | 14 |
| September 2025 | 30 | 12 |
| October 2025 | 33 | 14 |
| November 2025 | 24 | 4 |
| December 2025 | 15 | 3 |
| January 2026 | 12 | 5 |
| February 2026 | 14 | 8 |
| March 2026 | 14 | 7 |
| April 2026 | 17 | 14 |
| May 2026 | 21 | 15 |
Redfin, through May 2026
How does Elkhorn compare to Wisconsin and the U.S.?
Elkhorn homes sell for $340,000 — 6% below the Wisconsin median of $361,600. Against the national median of $410,700, Elkhorn runs 17% lower. Year-over-year, Elkhorn moved +13.4% against Wisconsin's +6.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elkhorn, WI | $340,000 | +13.4% | 39 days |
| Wisconsin statewide | $361,600 | +6.5% | 44 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elkhorn
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $347 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $346,329 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elkhorn listing goes under contract in 39 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Elkhorn added 15 new listings against 7 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Elkhorn varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elkhorn
There are currently 21 homes listed for sale in Elkhorn, Wisconsin. The median listing price is $349K. Featured listings range from $275,000 to $2,700,000.
$276,500
624 E Market St Unit 101
Elkhorn, WI
2 bd2 ba1,260 sqft$219/ft²
Condo
View photos & details
$339,900
12 E Rockwell St
Elkhorn, WI
3 bd2 ba1,900 sqft$179/ft²
House8,712 sqft lot
View photos & details
$385,000
1017 E Pinecrest Ln
Elkhorn, WI
3 bd3 ba1,762 sqft$219/ft²
House9,148 sqft lot
View photos & details
$419,000
217 S Lincoln St
Elkhorn, WI
4 bd3 ba2,804 sqft$149/ft²
House23,522 sqft lot
View photos & details
$449,900
W5180 Jason Rd
Elkhorn, WI
4 bd3 ba2,600 sqft$173/ft²
House23,522 sqft lot
View photos & details
$489,700
N7232 Cane Dr
Elkhorn, WI
3 bd2 ba2,386 sqft$205/ft²
House3.20 acres
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$600,000
W5591 Briarwood Rd
Elkhorn, WI
3 bd2 ba1,409 sqft$426/ft²
House30,928 sqft lot
View photos & details
$639,900
W5665 Lake Shore Dr
Elkhorn, WI
4 bd4 ba3,949 sqft$162/ft²
House36,155 sqft lot
View photos & details
$750,000
W5594 Briarwood Rd
Elkhorn, WI
4 bd5 ba2,900 sqft$259/ft²
House32,670 sqft lot
View photos & details
$1,695,000
W5510 Westshore Dr
Elkhorn, WI
4 bd4 ba2,600 sqft$652/ft²
House5,227 sqft lot
View photos & details
$2,700,000
W4996 Robinson Dr
Elkhorn, WI
7 bd5 ba4,317 sqft$625/ft²
House34,412 sqft lot
View photos & details
Looking to buy in Elkhorn?
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Active listings
21
Homes on market
Median list price
$349K
Avg. days on market
39
Days until sale
New this week
15
Newly listed
Price drops:14.3%of listings
Sale-to-list:101.3%
How much do homes cost in Elkhorn by property type?
How the Elkhorn, WI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,000 | $219/sq ft | 5 | 38 days |
| Condo / co-op | $234,000 | $183/sq ft | 2 | 71 days |
Who lives in Elkhorn?
American Community Survey estimates for Elkhorn. U.S. Census ACS, 2023
Population
10,259
Households
4,188
Median income
$73,052/yr
Median age
37.9 years
Owner-occupied
56.1%
Median home value
$255,300
Median gross rent
$999/mo
Mean commute
22.1 min
56.1% of occupied homes in Elkhorn are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $255,300 against Zillow's $346,329 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Elkhorn?
8 schools tracked · 3,498 students
The largest public schools serving Elkhorn, 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.
Elkhorn Area High
Grades 9-12 · 941 students
Elkhorn Area Middle
Grades 6-8 · 676 students
Jackson Elementary
Grades PK-5 · 500 students
Tibbets Elementary
Grades PK-5 · 447 students
West Side Elementary
Grades PK-5 · 431 students
Elkhorn Options Virtual School
Grades PK-12 · 273 students
Career and College Academy
Grades 6-12 · 230 students
Lakeland School
Grades PK-12
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 Elkhorn, WI?
Ordered by distance from Elkhorn, not by size. Compare Elkhorn side by side with any of them.
Elkhorn housing market FAQ
Is Elkhorn a buyer's or seller's market?
Elkhorn, WI is currently a seller's market. That read comes from 3.0 months of supply, homes going under contract in about 39 days, and sellers getting 101.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elkhorn?
The typical home in Elkhorn, WI is worth $346,329 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $340,000, about $219 per square foot.
Is Elkhorn cheaper than the rest of Wisconsin?
Elkhorn's median sale price of $340,000 is 6% lower than the Wisconsin statewide median of $361,600, and 17% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elkhorn?
Homes in Elkhorn, WI spent a median of 39 days on market before going under contract, versus 44 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Elkhorn?
At the current 30-year fixed rate of 7.03%, 20% down on a $346,329 home is about $1,849 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $79,238 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $73,052.
Are home prices rising in Elkhorn?
The typical home value in Elkhorn, WI rose 1.6% over the last 12 months, from $340,743 to $346,329 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Elkhorn?
Elkhorn ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elkhorn?
That depends on your timeline, not on a headline. What the data says today: Elkhorn, WI is a seller's market with 3.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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