Elkhart County Housing Market Statistics – 2019 YTD
The first 6 months of the year just came to a close and as we enter into July 2019 we are still seeing strong growth in the Elkhart County Real Estate Market. The housing market statistics below highlight current trends we are seeing from data produced by the Indiana MLS. Please credit this article by linking to it if used for the data and research in your own publication!
January 2019 to June 2019 Elkhart County Housing Market
- Homes Sold – 1,130
- Average Sale Price – $173,021
- Median Sale Price – $156,000
The next step is to determine how this data compares over time to see how the housing market has improved since the same period in 2018.
January 2018 to June 2018 Elkhart County Housing Market
- Homes Sold – 1,005
- Average Sale Price – $163,716
- Median Sale Price – $146,500
Year over Year Elkhart County Housing Market Change
- Homes Sold – 12.4% Increase
- Average Sale Price – 5.6% Increase
- Median Sale Price – 6.48% Increase
Want data for a specific city or property address? Email Kevin@TeamFoy.com or text 574-387-2501.
Monthly Breakdown of Elkhart Real Estate Market Statistics
- January – 122
- February – 110
- March – 198
- April – 193
- May – 275
- June – 232
Average Sale Price:
- January – $151,600
- February – $155,500
- March – $166,900
- April – $170,473
- May – $177,800
- June – $194,200
Median Sale Price:
- January – $139,900
- February – $144,700
- March – $156,700
- April – $155,000
- May – $156,300
- June – $169,900
Looking over the monthly breakdown of housing market statistics in Elkhart County, Indiana home sales have heated up in the summer as well as price.
The average sale price in June is now $43,000 more than what we saw in January, which is a 28% increase. The median price has risen $30,000 since January marking a 22% increase between January to June.
Overall, the first 2 quarters of the year have started off strong with increasing prices compared to a year ago in 2018.
It is still a seller’s market and with interest rates declining back to 16 month lows, financing is becoming cheap for buyers again which should help continue to fuel this seller’s market of rising home prices.
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Thanks for reading,
Kevin Foy & Nick Foy
Team Foy with RE/MAX Oak Crest Realty
Text or Call – 574-387-2501
Email – Nick@TeamFoy.com
If you are a news website, realtor blog, or other online media, please credit this article by linking to it if used for the data and research in your own publication!