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ELKHART, IN 46516

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The ELKHART, IN real estate market (46516) currently shows 66 active listings, with 28 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 68 days on market compared to 77 days last year.

The median listing price has risen 27.3% year-over-year, from $178,675 to $227,500.

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

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

Market Overview

Active Listings
66
⇩ 14.3% vs 77 last year
Pending
28
42% pending ratio
Median Price
$227,500
⇧ 27.3% vs $178,675 last year
Average Price
$317,239
⇧ 61.5% vs $196,471 last year
Days on Market
68
⇩ 11.7% vs 77 days last year

Price Per Square Foot

Median $/sqft
$131
⇧ 8.3% vs $121/sqft last year
Median Home Size
1,635 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 77 last year
  • Days on market: 68 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $227,500 (+27.3% YoY)
  • Average: $317,239 (+61.5% 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 — 323 listings ($97,358,428 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46516Elkhart, IN 465160.0 mi66$18,219,036$223,950$276,046
46517Elkhart, IN 465174.4 mi26$9,357,660$309,900$359,910
46507Bristol, IN 465077.4 mi23$11,383,114$450,000$494,918
46526Goshen, IN 465269.0 mi36$11,092,248$304,000$308,118
49112Edwardsburg, MI 491129.6 mi28$13,109,740$346,950$468,205
46545Mishawaka, IN 4654510.4 mi36$10,245,420$254,900$284,595
46573Wakarusa, IN 4657311.1 mi1$259,000$259,000$259,000
46615South Bend, IN 4661513.7 mi30$5,428,410$174,900$180,947
46553New Paris, IN 4655314.4 mi14$5,640,404$341,950$402,886
49061Jones, MI 4906115.4 mi2$369,800$184,900$184,900
46601South Bend, IN 4660115.8 mi13$2,527,200$209,900$194,400
46550Nappanee, IN 4655016.0 mi21$6,489,987$315,000$309,047
46613South Bend, IN 4661316.5 mi27$3,236,409$116,500$119,867

Frequently Asked Questions

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

As of February 2026, there are 66 active listings in ELKHART, IN (zip code 46516), compared to 77 the prior year.

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

The median listing price in ELKHART, IN 46516 is $227,500 as of February 2026, a 27.3% increase from $178,675 the prior year.

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

Homes in ELKHART, IN 46516 spend an average of 68 days on the market before going under contract, compared to 77 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 February 2026, ELKHART, IN 46516 is currently a Seller's Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 77 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 $4,550 compared to a typical 5% commission on the median listing price of $227,500. 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.