Is Elkhorn, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$370,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elkhorn have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Elkhorn was $370,000 in April 2024, up 19.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $190K | +116.0% |
| 2 Bedrooms | $241.5K | $255K | +5.6% |
| 3 Bedrooms | $317K | $369.9K | +16.7% |
| 4 Bedrooms | $369.9K | $430K | +16.2% |
| 5+ Bedrooms | $442.9K | $891.4K | +101.2% |
Summary: Elkhorn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 101.2%.
Median Sold Price Compared To Nearby Cities
| Sugar Creek | $297.5K | $375K | +26.1% |
| Elkhorn | $310K | $370K | +19.4% |
| Geneva | $370K | $380K | +2.7% |
Housing Supply in Elkhorn, WI
How many homes are available in Elkhorn, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Summary: The Elkhorn real estate market had 65 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Elkhorn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhorn, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Elkhorn in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Elkhorn, WI
We’re sorry, we don't have information for this market at the moment
