Is Elkhart, IN 46516 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Elkhart is a seller’s market. With about 2 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2Under 4 months = seller’s market

Sold above original list30.3%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market22Listing to accepted offer

Median price per sq ft$147▲ +14.9% vs. last year

Run the numbers for 46516

Prefilled for 46516Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46516Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bristol 46507Seller’s market $162 /sq ft Elkhart 46514Seller’s market $148 /sq ft Elkhart 46517Seller’s market $155 /sq ft Goshen 46526Seller’s market $159 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology