Is Elkhorn, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Elkhorn has remained a Seller's Market.
Housing Prices in Elkhorn, WI
How much do homes in Elkhorn, WI cost?
Median Sold Price
$370,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elkhorn was $370,000 in May 2024, up 18.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.9K | $193.5K | +120.0% |
2 Bedrooms | $250K | $255K | +2.0% |
3 Bedrooms | $319.5K | $368K | +15.2% |
4 Bedrooms | $371.4K | $430K | +15.8% |
5+ Bedrooms | $411.9K | $470K | +14.1% |
Summary: Elkhorn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
Elkhorn | $312.5K | $370K | +18.4% |
Geneva | $372.5K | $382.5K | +2.7% |
Housing Supply in Elkhorn, WI
How many homes are available in Elkhorn, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 69 | +13.1% |
Summary: The Elkhorn real estate market had 69 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 27 | 25 | -7.4% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Elkhorn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Elkhorn in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Elkhorn, WI
We’re sorry, we don't have information for this market at the moment