Is Elkhorn, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elkhorn has remained a Seller's Market.
Key Takeaway
Elkhorn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkhorn, WI
How much do homes in Elkhorn, WI cost?
Median Sold Price
$365,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Elkhorn have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Elkhorn was $365,000 in March 2024, up 15.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $143K | +79.0% |
| 2 Bedrooms | $229.5K | $260.7K | +13.6% |
| 3 Bedrooms | $319.5K | $369.9K | +15.8% |
| 4 Bedrooms | $360K | $425K | +18.1% |
| 5+ Bedrooms | $442.9K | $605K | +36.6% |
Summary: Elkhorn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 36.6%.
Median Sold Price Compared To Nearby Cities
| Sugar Creek | $295K | $375K | +27.1% |
| Elkhorn | $315K | $365K | +15.9% |
| Geneva | $365K | $363.5K | -0.4% |
Housing Supply in Elkhorn, WI
How many homes are available in Elkhorn, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Summary: The Elkhorn real estate market had 54 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Elkhorn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhorn, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Elkhorn in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Elkhorn, WI
How long does it take to sell a home in Elkhorn, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkhorn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Elkhorn; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
