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.
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 | $18,219,036 | $223,950 | $276,046 |
| 46517 | Elkhart, IN 46517 | 4.4 mi | 26 | $9,357,660 | $309,900 | $359,910 |
| 46507 | Bristol, IN 46507 | 7.4 mi | 23 | $11,383,114 | $450,000 | $494,918 |
| 46526 | Goshen, IN 46526 | 9.0 mi | 36 | $11,092,248 | $304,000 | $308,118 |
| 49112 | Edwardsburg, MI 49112 | 9.6 mi | 28 | $13,109,740 | $346,950 | $468,205 |
| 46545 | Mishawaka, IN 46545 | 10.4 mi | 36 | $10,245,420 | $254,900 | $284,595 |
| 46573 | Wakarusa, IN 46573 | 11.1 mi | 1 | $259,000 | $259,000 | $259,000 |
| 46615 | South Bend, IN 46615 | 13.7 mi | 30 | $5,428,410 | $174,900 | $180,947 |
| 46553 | New Paris, IN 46553 | 14.4 mi | 14 | $5,640,404 | $341,950 | $402,886 |
| 49061 | Jones, MI 49061 | 15.4 mi | 2 | $369,800 | $184,900 | $184,900 |
| 46601 | South Bend, IN 46601 | 15.8 mi | 13 | $2,527,200 | $209,900 | $194,400 |
| 46550 | Nappanee, IN 46550 | 16.0 mi | 21 | $6,489,987 | $315,000 | $309,047 |
| 46613 | South Bend, IN 46613 | 16.5 mi | 27 | $3,236,409 | $116,500 | $119,867 |
As of February 2026, there are 66 active listings in ELKHART, IN (zip code 46516), compared to 77 the prior year.
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.
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.
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.
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.