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ELKHART, IN 46517

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELKHART, IN real estate market (46517) currently shows 40 active listings, with 20 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35 days on market compared to 86 days last year.

The median listing price has risen 8.7% year-over-year, from $294,900 to $320,500.

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: 26,711  ·  Density: 279.4/mi²  ·  Median household income: $52,519

Typical home value: $156,502  ·  Homeownership: 60.1%

Market Overview

Active Listings
40
⇧ 29% vs 31 last year
Pending
20
50% pending ratio
Median Price
$320,500
⇧ 8.7% vs $294,900 last year
Average Price
$370,613
⇧ 15.1% vs $322,026 last year
Days on Market
35
⇩ 59.3% vs 86 days last year

Price Per Square Foot

Median $/sqft
$156
⇧ 2% vs $153/sqft last year
Median Home Size
1,899 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 31 last year
  • Days on market: 35 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $320,500 (+8.7% YoY)
  • Average: $370,613 (+15.1% 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 15.8 miles — 499 listings ($230,394,433 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46517Elkhart, IN 465170.0 mi38$13,424,640$296,224$353,280
46561Osceola, IN 465615.0 mi49$23,925,622$499,974$488,278
46514Elkhart, IN 465146.9 mi123$49,742,922$329,875$404,414
46526Goshen, IN 465267.6 mi40$12,448,520$301,175$311,213
46530Granger, IN 4653010.5 mi81$51,871,590$536,225$640,390
46507Bristol, IN 4650711.5 mi28$14,774,592$436,250$527,664
49112Edwardsburg, MI 4911212.2 mi24$12,141,648$403,750$505,902
46553New Paris, IN 4655312.5 mi14$5,876,080$339,900$419,720
49130Union, MI 4913012.9 mi8$4,576,304$580,000$572,038
46601South Bend, IN 4660113.6 mi12$2,284,500$219,900$190,375
46506Bremen, IN 4650614.3 mi13$5,762,926$327,500$443,302
46637South Bend, IN 4663714.8 mi52$22,952,176$281,500$441,388
46540Middlebury, IN 4654015.8 mi17$10,612,913$435,000$624,289

Frequently Asked Questions

How many homes are for sale in ELKHART, IN 46517?

As of March 2026, there are 40 active listings in ELKHART, IN (zip code 46517), compared to 31 the prior year.

What is the median home price in ELKHART, IN 46517?

The median listing price in ELKHART, IN 46517 is $320,500 as of March 2026, a 8.7% increase from $294,900 the prior year.

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

Homes in ELKHART, IN 46517 spend an average of 35 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in ELKHART, IN 46517?

Based on current inventory and days-on-market data as of March 2026, ELKHART, IN 46517 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 35 days on market compared to 86 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 46517 save an estimated $6,410 compared to a typical 5% commission on the median listing price of $320,500. 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.