Comprehensive market data and analysis• Updated Dec 2025
10.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 6 | 11 | 24 |
| 1-2 acres | - | 2 | 3 | 4 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 8 | 17 | 34 |
Acreage buckets
The median price for land in Elkhart, Indiana is currently $54K per acre. For a typical parcel, the median sale price is $30K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $147K.
Elkhart, Indiana is currently a buyer's market with 10.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 19.2% year-over-year.
Elkhart, Indiana currently has 10.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The current absorption rate in Elkhart, Indiana is 9.5% (3-month basis), indicating moderate demand. With depreciating values (-19.2% YoY), buyers may find value opportunities. The top-performing broker in this market is RE/MAX Results.
There are currently 28 active listings in Elkhart, Indiana. 9 new listings have hit the market in the last 90 days. The median asking price is $51K.
Land in Elkhart, Indiana typically sells within 73 days of listing. The median time on market is 36 days. Properties are moving at a moderate pace in the current buyer's market.
Over the past 12 months, Elkhart, Indiana saw 34 properties sold, totaling $3.7M in sales volume. In just the last 3 months, 8 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
