Elkhart, IN metro area Housing Market
Warm MarketComprehensive housing market data for the Elkhart, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$277K
↑ 13.1% YoY
Days on Market
31 days
↓ 18.4% YoY
Active Inventory
231
↓ 12.2% YoY
Homes Sold
153
↑ 5.5% YoY
Warm Market
The market is active with moderate buyer demand.
Elkhart, IN metro area Market Summary
The Elkhart, IN metro area housing market is heating up. As of March 2026, the median home sale price is $277K, up 13.1% year-over-year. Homes are spending a median of 31 days on the market, 18.4% shorter than a year ago.
There are 231 homes for sale — 12.2% fewer than last year. With 1.5 months of supply, this is a seller's market. 147 new listings were added during this period, down 16.0% year-over-year.
Homes are selling for 98.5% of their list price on average, suggesting room for negotiation. 24.2% of homes sell above their asking price. 29.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
54
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 37% below the national median, which could indicate stronger cash flow potential.
Elkhart, IN metro area Market Trends
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Detailed Market Metrics
Median List Price
$285K
Price per Sq Ft
$145
Sale-to-List Ratio
98.5%
Months of Supply
1.5
Sold Above List
24.2%
Price Drops
29.9%
New Listings
147
↓ 16.0% YoY
Pending Sales
147
Off Market in 2 Weeks
49.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.