Data as of April 2026. Source: Realtor.com.
The ELKHART, IN real estate market (46516) currently shows 66 active listings, with 27 pending sales. Homes are averaging 53 days on the market before going under contract.
Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 53 days on market compared to 39 days last year.
The median listing price has risen 36.8% year-over-year, from $172,575 to $236,000.
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.
Population: 30,993 · Density: 683.7/mi² · Median household income: $52,970
Typical home value: $133,459 · Homeownership: 61.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 46516 | Elkhart, IN 46516 | 0.0 mi | 66 | $20,937,774 | $227,500 | $317,239 |
| 46517 | Elkhart, IN 46517 | 4.4 mi | 38 | $13,424,640 | $296,224 | $353,280 |
| 46507 | Bristol, IN 46507 | 7.4 mi | 28 | $14,774,592 | $436,250 | $527,664 |
| 46526 | Goshen, IN 46526 | 9.0 mi | 40 | $12,448,520 | $301,175 | $311,213 |
| 49112 | Edwardsburg, MI 49112 | 9.6 mi | 24 | $12,141,648 | $403,750 | $505,902 |
| 46545 | Mishawaka, IN 46545 | 10.4 mi | 39 | $11,792,820 | $271,850 | $302,380 |
| 46573 | Wakarusa, IN 46573 | 11.1 mi | 2 | $694,000 | $347,000 | $347,000 |
| 46615 | South Bend, IN 46615 | 13.7 mi | 28 | $5,139,092 | $186,850 | $183,539 |
| 46553 | New Paris, IN 46553 | 14.4 mi | 14 | $5,876,080 | $339,900 | $419,720 |
| 49061 | Jones, MI 49061 | 15.4 mi | 4 | $2,640,000 | $660,000 | $660,000 |
| 46601 | South Bend, IN 46601 | 15.8 mi | 12 | $2,284,500 | $219,900 | $190,375 |
| 46550 | Nappanee, IN 46550 | 16.0 mi | 18 | $5,642,172 | $295,000 | $313,454 |
| 46613 | South Bend, IN 46613 | 16.5 mi | 27 | $3,042,630 | $102,400 | $112,690 |
As of April 2026, there are 66 active listings in ELKHART, IN (zip code 46516), compared to 73 the prior year.
The median listing price in ELKHART, IN 46516 is $236,000 as of April 2026, a 36.8% increase from $172,575 the prior year.
Homes in ELKHART, IN 46516 spend an average of 53 days on the market before going under contract, compared to 39 days the prior year.
Based on current inventory and days-on-market data as of April 2026, ELKHART, IN 46516 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 53 days on market compared to 39 days last year.
With SELL123.com's maximum 3% commission, sellers in ELKHART, IN 46516 save an estimated $4,720 compared to a typical 5% commission on the median listing price of $236,000. 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.