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ELKHART, IN 46516

Real Estate Market Report  ·  Elkhart County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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.

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Market Context

Market Context

Population: 30,993  ·  Density: 683.7/mi²  ·  Median household income: $52,970

Typical home value: $133,459  ·  Homeownership: 61.1%

Market Overview

Active Listings
66
⇩ 9.6% vs 73 last year
Pending
27
41% pending ratio
Median Price
$236,000
⇧ 36.8% vs $172,575 last year
Average Price
$313,270
⇧ 40.1% vs $223,561 last year
Days on Market
53
⇧ 35.9% vs 39 days last year

Price Per Square Foot

Median $/sqft
$136
⇧ 21.4% vs $112/sqft last year
Median Home Size
1,651 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 73 last year
  • Days on market: 53 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $236,000 (+36.8% YoY)
  • Average: $313,270 (+40.1% 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 16.5 miles — 340 listings ($110,838,468 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46516Elkhart, IN 465160.0 mi66$20,937,774$227,500$317,239
46517Elkhart, IN 465174.4 mi38$13,424,640$296,224$353,280
46507Bristol, IN 465077.4 mi28$14,774,592$436,250$527,664
46526Goshen, IN 465269.0 mi40$12,448,520$301,175$311,213
49112Edwardsburg, MI 491129.6 mi24$12,141,648$403,750$505,902
46545Mishawaka, IN 4654510.4 mi39$11,792,820$271,850$302,380
46573Wakarusa, IN 4657311.1 mi2$694,000$347,000$347,000
46615South Bend, IN 4661513.7 mi28$5,139,092$186,850$183,539
46553New Paris, IN 4655314.4 mi14$5,876,080$339,900$419,720
49061Jones, MI 4906115.4 mi4$2,640,000$660,000$660,000
46601South Bend, IN 4660115.8 mi12$2,284,500$219,900$190,375
46550Nappanee, IN 4655016.0 mi18$5,642,172$295,000$313,454
46613South Bend, IN 4661316.5 mi27$3,042,630$102,400$112,690

Frequently Asked Questions

How many homes are for sale in ELKHART, IN 46516?

As of April 2026, there are 66 active listings in ELKHART, IN (zip code 46516), compared to 73 the prior year.

What is the median home price in ELKHART, IN 46516?

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.

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

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.

Is it a seller's or buyer's market in ELKHART, IN 46516?

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.

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

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.