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ELKHART, IL 62634

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

Market Analysis

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

The ELKHART, IL real estate market (62634) currently shows 3 active listings, with 1 pending sales. Homes are averaging 14 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 14 days on market compared to 31 days last year.

The median listing price has fallen 3.4% year-over-year, from $194,000 to $187,425.

Whether you are buying or selling in ELKHART, IL, 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: 984  ·  Density: 7.1/mi²  ·  Median household income: $75,962

Typical home value: $141,177  ·  Homeownership: 83.6%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$187,425
⇩ 3.4% vs $194,000 last year
Average Price
$211,313
⇧ 8.9% vs $194,000 last year
Days on Market
14
⇩ 54.8% vs 31 days last year

Price Per Square Foot

Median $/sqft
$72
⇩ 42.4% vs $125/sqft last year
Median Home Size
2,675 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 14 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $187,425 (-3.4% YoY)
  • Average: $211,313 (+8.9% 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 20.9 miles — 175 listings ($38,621,068 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62634Elkhart, IL 626340.0 mi1$124,900$124,900$124,900
62666Middletown, IL 626666.7 mi1$319,900$319,900$319,900
62656Lincoln, IL 626569.6 mi53$9,244,101$139,175$174,417
62561Riverton, IL 6256110.7 mi5$1,162,445$230,000$232,489
62671New Holland, IL 6267111.8 mi1$69,900$69,900$69,900
62539Illiopolis, IL 6253914.9 mi2$80,000$40,000$40,000
62625Cantrall, IL 6262515.4 mi3$2,220,000$740,000$740,000
62545Mechanicsburg, IL 6254517.6 mi2$315,450$157,725$157,725
62551Niantic, IL 6255119.3 mi3$255,000$85,000$85,000
61723Atlanta, IL 6172319.5 mi4$944,700$236,175$236,175
62712Springfield, IL 6271219.8 mi17$7,139,592$388,750$419,976
62547Mount Auburn, IL 6254720.2 mi1$145,000$145,000$145,000
62704Springfield, IL 6270420.9 mi82$16,600,080$148,425$202,440

Frequently Asked Questions

How many homes are for sale in ELKHART, IL 62634?

As of March 2026, there are 3 active listings in ELKHART, IL (zip code 62634), compared to 2 the prior year.

What is the median home price in ELKHART, IL 62634?

The median listing price in ELKHART, IL 62634 is $187,425 as of March 2026, a 3.4% decrease from $194,000 the prior year.

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

Homes in ELKHART, IL 62634 spend an average of 14 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in ELKHART, IL 62634?

Based on current inventory and days-on-market data as of March 2026, ELKHART, IL 62634 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 14 days on market compared to 31 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELKHART, IL 62634 save an estimated $3,749 compared to a typical 5% commission on the median listing price of $187,425. 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.