Real Estate Market Review for Elkhart & St. Joseph County

As we jump into 2020 and a new decade ahead, it’s worth looking back at the 2019 Real Estate Market for Elkhart County and St. Joseph County to see how prices faired and days on market shifted by month.

When selling a home, you want the best price possible for your home and you want it to sell fast so you can focus on your next home with peace of mind.

We track this type of data by looking at the average listing price, the average sale price, and average days on market.

  • Average Listing Price – this data point tracks all of the homes that were listed for sale and averages the original price they went live at on Day 1
  • Average Sold Price – after negotiations homes can sell for a different price than what they originally listed for
  • Average Days on Market – how many days a home was listed for sale on average

We also break data up by County. In the Northern Indiana region, Kevin Foy with RE/MAX Oak Crest Realty, focuses on homes in the Elkhart County and St. Joseph County Markets. Each of these markets are different so it’s one of the reasons for keeping them separate when reviewing the market.

Inside of Elkhart County, you’ll find several cities such as:

  • Elkhart
  • Goshen
  • Granger
  • Bristol
  • Middlebury
  • Wakarusa
  • Nappanee
  • New Paris
  • Millersburg

Inside St. Joseph County, you’ll find cities such as:

  • Osceola
  • Mishawaka
  • Granger
  • South Bend
  • Notre Dame
  • Roseland
  • Georgetown
  • New Carlisle
  • North Liberty
  • Walkerton
  • Gulivoire Park
  • Wyatt

If you are ever moving locations and need to sell your home in Northern Indiana, keep Kevin Foy (574-536-9218) in mind to call as a possible listing agent and get an opinion on your home’s value as well as repairs/honest feedback that would help it stand out during showings!

Kevin also works with many buyers, helping them relocate to new homes in Elkhart & St. Joseph County. Kevin Foy  is a licensed realtor in Michigan as well if you’d like to cross the state line.

Let’s dive into the report for this past year. If you find it helpful, please share our Facebook Post with your friends to alert them of housing market news.

Elkhart Housing Market Stats for 2019:

Here are the 2019 stats and the Year over Year change:

  • Elkhart County Homes Sold – 2,345 (+5.4%)
  • Elkhart County Avg. List Price – $181,353 (+3.5%)
  • Elkhart County Avg. Sold Price – $177,080 (+3.2%)
  • Elkhart County Avg. Days on Market – 37 (2 days faster)

How does this compare to 2018?

  • Homes Sold – 2,223 
  • Avg. List Price – $175,200
  • Avg. Sold Price – $171,608
  • Avg. Days on Market – 39

Real Estate Market by City – Elkhart

Below you’ll find the real estate market report for some of the major cities in Elkhart County. If you’d like information on a city not covered, please contact Kevin Foy to get a specialized report.

Elkhart:

  • Homes Sold – 1,230
  • Avg. List Price – $158,629
  • Avg. Sold Price – $154,711
  • Avg. Days on Market – 38

Goshen:

  • Homes Sold – 599
  • Avg. List Price – $188,365
  • Avg. Sold Price – $185,525
  • Avg. Days on Market – 30

Bristol:

  • Homes Sold – 153
  • Avg. List Price – $229,691
  • Avg. Sold Price – $220,845
  • Avg. Days on Market – 44

Middlebury:

  • Homes Sold – 122 
  • Avg. List Price – $271,890
  • Avg. Sold Price – $263,644
  • Avg. Days on Market – 40

St. Joseph County Housing Market Stats for 2019:

Here are the 2019 stats and the Year over Year change:

  • St. Joe County Homes Sold – 3,833 (+1.51%)
  • St. Joe County Avg. List Price – $172,189 (+6.95%)
  • St. Joe County Avg. Sold Price – $168,418 (+6.93%)
  • St. Joe County Avg. Days on Market – 34 (5 days faster)

How does this compare to 2018?

  • 2018 Homes Sold – 3,776
  • 2018 Avg. List Price – $160,997
  • 2018 Avg. Sold Price – $157,508
  • 2018 Avg. Days on Market – 39

Real Estate Market by City – St. Joe County

Below you’ll find the real estate market report for some of the major cities in St. Joseph County. If you’d like information on a city not covered, please contact Kevin Foy to get a specialized report.

Mishawaka:

  • Homes Sold – 780
  • Avg. List Price – $145,567
  • Avg. Sold Price – $142,753
  • Avg. Days on Market – 27

Granger:

  • Homes Sold – 513
  • Avg. List Price – $312,398
  • Avg. Sold Price – $304,656
  • Avg. Days on Market – 36

South Bend:

  • Homes Sold – 2,174
  • Avg. List Price – $146,505
  • Avg. Sold Price – $143,475
  • Avg. Days on Market – 35

Osceola:

  • Homes Sold – 199
  • Avg. List Price – $200,429
  • Avg. Sold Price – $196,257
  • Avg. Days on Market – 31

Ranking the Highest to Lowest Priced Cities:

Here is the average sales price of a home in each city, ranked from highest to lowest. This list combines Elkhart & St. Joe County.

  • Granger – $305,000
  • Middlebury – $263,000
  • Bristol – $220,000
  • Osceola – $196,000
  • Goshen – $185,000
  • New Carlisle – $162,000
  • Elkhart – $154,000
  • South Bend – $143,000
  • Mishawaka – $142,000
  • Nappanee – $140,000

How Much is Your Home Worth?

After looking at today’s Elkhart County Housing Market, you might be wondering how much your home is currently worth in today’s real estate market.

We offer a free, no obligation home value estimate. Give us a call to schedule a walk through of your home where we can discuss selling features and tips to increase your home’s value.

We also will look up data in our MLS system and give our opinion of what we think the home could sell for.

You have no obligation to work with us as your real estate agent but we appreciate your business and any referrals!

Direct: 574-536-9218

Email: Kevin@TeamFoy.com

Current Listings – Kevin Foy, RE/MAX Oak Crest

To see all of Kevin Foy’s current listings, visit the Listings Page here.

When you list your home with Team Foy you’ll get quality, customer first, service that includes professional marketing to reach as many potential buyers as possible. We pride ourselves in high end media production which features professional photography, video tours, drone imagery, and more.

Your property listing gets syndicated out to all the major real estate websites like Zillow, Trulia, Realtor.com in addition to 500+ realtors in Northern Indiana getting your listing notification in the MLS system to show their potential buyers.

Contact Kevin Foy to learn more about our services

Direct: 574-536-9218

Email: Kevin@TeamFoy.com

Best wishes,

Team Foy

P.S. See examples of recent homes sold by Kevin

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