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Elkhart, IN 46514 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Elkhart, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 5252PendingPending sales: 55
Elkhart, IN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $290k$290kSoldMedian sold price (last 6 months): $264k$264k
What homes actually sell for in Elkhart, IN
Distribution of 385 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $196k to $350k
$90k to $152k: 29 sales$90k$152k to $214k: 71 sales$214k to $276k: 83 sales83sales$214k$276k to $338k: 72 sales$338k to $399k: 56 sales$338k$399k to $461k: 19 sales$461k to $523k: 10 sales$461k$523k to $585k: 6 salesMedian $264k

What the numbers say

As of October 5, 2026, Resideline is tracking 52 active listings and 5 pending sales in ZIP code 46514. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $289,950, while the median of the 385 closed sales Resideline tracked over the last six months was $264,200. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 46514 for 70 days.

Frequently asked questions

What is the median home price in 46514?

The median closed sale price in Elkhart, IN 46514 was $264,200 over the last six months, based on 385 closed sales tracked by Resideline. The middle half of those sales ranged from $196,000 to $349,900.

Is 46514 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 52 active listings in 46514, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 46514 currently looks like a balanced market.

Nearby ZIP code market data

Full Elkhart, IN housing market report →

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