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ELKHORN, WI 53121

Real Estate Market Report  ·  Walworth County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The ELKHORN, WI real estate market (53121) currently shows 35 active listings, with 3 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 78 days on market compared to 48 days last year.

The median listing price has risen 24.6% year-over-year, from $416,550 to $519,000.

Whether you are buying or selling in ELKHORN, WI, 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: 18,868  ·  Density: 63.7/mi²  ·  Median household income: $82,308

Typical home value: $260,868  ·  Homeownership: 72.9%

Market Overview

Active Listings
35
⇩ 2.8% vs 36 last year
Pending
3
9% pending ratio
Median Price
$519,000
⇧ 24.6% vs $416,550 last year
Average Price
$863,058
⇧ 30.7% vs $660,494 last year
Days on Market
78
⇧ 62.5% vs 48 days last year

Price Per Square Foot

Median $/sqft
$262
⇧ 18% vs $222/sqft last year
Median Home Size
2,239 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 36 last year
  • Days on market: 78 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $519,000 (+24.6% YoY)
  • Average: $863,058 (+30.7% 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 20.4 miles — 278 listings ($234,630,391 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53121Elkhorn, WI 531210.0 mi40$34,044,680$434,800$851,117
53120East Troy, WI 531208.5 mi24$18,893,352$550,450$787,223
53147Lake Geneva, WI 5314710.4 mi105$112,678,230$660,000$1,073,126
53119Eagle, WI 5311912.2 mi5$4,499,250$657,450$899,850
53156Palmyra, WI 5315612.9 mi2$749,666$264,900$374,833
53105Burlington, WI 5310513.1 mi46$25,253,402$399,900$548,987
53195Zenda, WI 5319513.7 mi1$345,000$345,000$345,000
53585Sharon, WI 5358515.7 mi7$2,709,798$299,450$387,114
53153North Prairie, WI 5315317.2 mi1$435,000$435,000$435,000
60034Hebron, IL 6003418.1 mi4$807,800$201,950$201,950
53181Twin Lakes, WI 5318119.8 mi22$18,937,600$537,900$860,800
53103Big Bend, WI 5310319.9 mi4$4,682,400$667,400$1,170,600
60071Richmond, IL 6007120.4 mi17$10,594,213$499,999$623,189

Frequently Asked Questions

How many homes are for sale in ELKHORN, WI 53121?

As of February 2026, there are 35 active listings in ELKHORN, WI (zip code 53121), compared to 36 the prior year.

What is the median home price in ELKHORN, WI 53121?

The median listing price in ELKHORN, WI 53121 is $519,000 as of February 2026, a 24.6% increase from $416,550 the prior year.

How long do homes stay on the market in ELKHORN, WI?

Homes in ELKHORN, WI 53121 spend an average of 78 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in ELKHORN, WI 53121?

Based on current inventory and days-on-market data as of February 2026, ELKHORN, WI 53121 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 78 days on market compared to 48 days last year.

How much can I save on real estate commission in ELKHORN, WI?

With SELL123.com's maximum 3% commission, sellers in ELKHORN, WI 53121 save an estimated $10,380 compared to a typical 5% commission on the median listing price of $519,000. 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.