Is Elkhart Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elkhart Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Elkhart Township was a Buyer's Market.

Key Takeaway

Elkhart Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elkhart Township, IN

How much do homes in Elkhart Township, IN cost?

Median Sold Price

$225,000

$131/sqft

Based on all homes sold in April 2024.

The Median Sold Price hasn't changed since March 2024.

Key Takeaway

The sold price of homes in Elkhart Township has remained the same since last month.

Summary: The median home sold price in Elkhart Township was $225,000 in April 2024, the same as last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$193.2K
N/A
3 $225K$212.5K
-5.6%
4 -$260K
N/A
5+ -$200K
N/A

Summary: Elkhart Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Elkhart Township, IN

How many homes are available in Elkhart Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
71152+114.1%

Summary: The Elkhart Township real estate market had 152 homes for sale in April 2024, a 114.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 825
+212.5%
3 3478
+129.4%
4 2338
+65.2%
5+ 611
+83.3%

Summary: The Elkhart Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 212.5%, 3 bedroom homes increased by 129.4%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
143+4200.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elkhart Township, you may be able to get a good deal. 36.6% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Elkhart Township in April 2024, up by 4200.0% month-over-month. Of the 41 sold homes, 37% were sold under asking, 27% were sold at asking, and 37% were sold over asking.

Days on Market for Elkhart Township, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Elkhart Township, IN

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What housing markets are near Elkhart Township, IN?