Welcome to the July Housing Report for Elkhart, Indiana brought to you by Nick Foy, Real Estate Broker with RE/MAX Oak Crest in Northern Indiana.
Every month, I analyze the housing market for various cities across Northern Indiana in St. Joseph County and Elkhart County and create a report here on my website NickFoyHomes.com so make sure to book mark this website to check back.
Elkhart Real Estate Market Report – July 2021
- Elkhart, IN Homes Sold July 2021 = 107
- Average Sold Price July 2021 = $231,800
- Average Days on Market = 13
- 1 Year Ago Homes Sold = 153
- 1 Year Ago Average Sold Price = $201, 900
Looking at the data for Elkhart, IN Housing Market, we can see that in July 2021 the average home price increased $30,000 compared to one year ago. The average sales price was nearly $232,000 compared to $202,000 last year. This results in a 15% growth in home values across Elkhart, IN in just one year.
Average days on market is just under two weeks at 13 days. Homes are selling fast due to low inventory of supply and lots of buyers looking to relocate. As a result of low inventory, there has been a slow down in number of homes sold with just 107 homes selling in July 2021 compared to 153 sales that occurred in July 2020.
Overall, the market remains strong for sellers. If you are looking to buy, you might consider building a home. I can help you through the build process of selecting land, picking a builder, and building your dream home. Just reach out when ready.
One of the challenging things about selling an Elkhart home right now, is finding another Elkhart home to move into. There are only 41 homes for sale in Elkhart, IN as of the start of August. I can help you navigate this real estate market and relocate your family when ready.
If you’re considering selling while the market is hot to relocate to another city or change neighborhoods within the Elkhart / Granger area, please don’t hesitate to reach out to Nick Foy, broker with RE/MAX Oak Crest Realty. I will help you market your home for sale and work with you to strategically price your home for the best results in this market cycle. My marketing package, professional photos and 3D Tour/Drone Photography is second to none and among the best in the area among all other agents. I get houses sold.
Just reach out to me direct by phone 574-387-2501 or email NickFoyHomes@gmail.com to get a valuation done on your home!
Nick Foy, Broker
RE/MAX Oak Crest Realty