Elkhart, IN 46516 Housing Market
- Active listings30currently for sale
- Pending sales6under contract
- Median asking price$227,450current listings
- Listing age75 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)252a tracked sample, not a market total
- Median sold price$200,000last 6 months
- Middle half of sold prices$145k to $278k25th to 75th percentile
What the numbers say
As of October 26, 2026, Resideline is tracking 30 active listings and 6 pending sales in ZIP code 46516. That pending-to-active ratio of 0.20 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.
The median asking price of current listings is $227,450, while the median of the 252 closed sales Resideline tracked over the last six months was $200,000. 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 46516 for 75 days.
Frequently asked questions
What is the median home price in 46516?
The median closed sale price in Elkhart, IN 46516 was $200,000 over the last six months, based on 252 closed sales tracked by Resideline. The middle half of those sales ranged from $145,000 to $277,600.
Is 46516 a buyer's or seller's market?
Resideline is currently tracking 6 pending sales against 30 active listings in 46516, a pending-to-active ratio of 0.20. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 46516 is currently a faster-moving market.
Nearby ZIP code market data
- 46514 Elkhart, IN
- 46074 Westfield, IN
- 46143 Greenwood, IN
- 46062 Noblesville, IN
- 47906 West Lafayette, IN
- 47130 Jeffersonville, IN
- 46628 South Bend, IN
- 46818 Fort Wayne, IN
- 46901 Kokomo, IN
- 46902 Kokomo, IN
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