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ELKHART, IN 46514

Real Estate Market Report  ·  Elkhart County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELKHART, IN real estate market (46514) currently shows 108 active listings, with 46 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 52 days on market compared to 38 days last year.

The median listing price has risen 7.5% year-over-year, from $329,900 to $354,750.

Whether you are buying or selling in ELKHART, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 41,248  ·  Density: 411.6/mi²  ·  Median household income: $60,300

Typical home value: $167,609  ·  Homeownership: 73.2%

Market Overview

Active Listings
108
⇧ 8% vs 100 last year
Pending
46
43% pending ratio
Median Price
$354,750
⇧ 7.5% vs $329,900 last year
Average Price
$445,790
⇧ 8.2% vs $411,821 last year
Days on Market
52
⇧ 36.8% vs 38 days last year

Price Per Square Foot

Median $/sqft
$157
vs $157/sqft last year
Median Home Size
2,221 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 108 this year vs 100 last year
  • Days on market: 52 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $354,750 (+7.5% YoY)
  • Average: $445,790 (+8.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.7 miles — 453 listings ($179,800,703 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46514Elkhart, IN 465140.0 mi123$49,742,922$329,875$404,414
49112Edwardsburg, MI 491126.0 mi24$12,141,648$403,750$505,902
46517Elkhart, IN 465176.9 mi38$13,424,640$296,224$353,280
46530Granger, IN 465307.9 mi81$51,871,590$536,225$640,390
46545Mishawaka, IN 465459.0 mi39$11,792,820$271,850$302,380
46635South Bend, IN 4663512.0 mi21$5,428,353$248,200$258,493
46615South Bend, IN 4661512.6 mi28$5,139,092$186,850$183,539
46526Goshen, IN 4652612.7 mi40$12,448,520$301,175$311,213
46573Wakarusa, IN 4657313.4 mi2$694,000$347,000$347,000
49095Vandalia, MI 4909513.8 mi3$993,525$324,900$331,175
46540Middlebury, IN 4654014.7 mi17$10,612,913$435,000$624,289
46616South Bend, IN 4661615.1 mi10$2,468,050$198,750$246,805
46613South Bend, IN 4661315.7 mi27$3,042,630$102,400$112,690

Frequently Asked Questions

How many homes are for sale in ELKHART, IN 46514?

As of March 2026, there are 108 active listings in ELKHART, IN (zip code 46514), compared to 100 the prior year.

What is the median home price in ELKHART, IN 46514?

The median listing price in ELKHART, IN 46514 is $354,750 as of March 2026, a 7.5% increase from $329,900 the prior year.

How long do homes stay on the market in ELKHART, IN?

Homes in ELKHART, IN 46514 spend an average of 52 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in ELKHART, IN 46514?

Based on current inventory and days-on-market data as of March 2026, ELKHART, IN 46514 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 52 days on market compared to 38 days last year.

How much can I save on real estate commission in ELKHART, IN?

With SELL123.com's maximum 3% commission, sellers in ELKHART, IN 46514 save an estimated $7,095 compared to a typical 5% commission on the median listing price of $354,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.