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Elkhart, IN 46514 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Elkhart, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.20
ActiveActive listings: 5454PendingPending sales: 1111
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): $248k$248kSoldMedian sold price (last 6 months): $267k$267k
What homes actually sell for in Elkhart, IN
Distribution of 387 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $200k to $350k
$100k to $161k: 30 sales$100k$161k to $221k: 81 sales$221k to $282k: 89 sales89sales$221k$282k to $342k: 69 sales$342k to $403k: 47 sales$342k$403k to $464k: 19 sales$464k to $524k: 7 sales$464k$524k to $585k: 5 salesMedian $267k

What the numbers say

As of September 14, 2026, Resideline is tracking 54 active listings and 11 pending sales in ZIP code 46514. That pending-to-active ratio of 0.20 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $247,500, while the median of the 387 closed sales Resideline tracked over the last six months was $267,000. 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 51 days.

Frequently asked questions

What is the median home price in 46514?

The median closed sale price in Elkhart, IN 46514 was $267,000 over the last six months, based on 387 closed sales tracked by Resideline. The middle half of those sales ranged from $200,100 to $349,900.

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

Resideline is currently tracking 11 pending sales against 54 active listings in 46514, a pending-to-active ratio of 0.20. 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

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