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Saturday, November 16, 2024

Elkhart home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Elkhart fell by $17,875 while total sales increased by 50%, according to BlockShopper.com.

From April through June of 2020, there were 12 homes sold, with a median sale price of $196,125 - a 8.4% decrease over the $214,000 median sale price for the same period of the previous year. There were eight homes sold in Elkhart in the second quarter of 2019.

The median sales tax in Elkhart for the most recent year with available data, 2017, was $2,780, approximately 1.4% of the median home sale price for the second quarter of 2020.

The following table compares Elkhart to other Polk County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Bondurant4854-11.1%$231,000$226,7501.9%
West Des Moines217251-13.5%$229,900$220,0004.5%
Pleasant Hill6169-11.6%$219,900$230,000-4.4%
Windsor Heights3341-19.5%$219,900$197,50011.3%
Urbandale154203-24.1%$219,250$219,900-0.3%
Altoona137141-2.8%$219,000$224,900-2.6%
Saylorville1730-43.3%$205,000$237,450-13.7%
Elkhart12850%$196,125$214,000-8.4%
Mitchellville171070%$175,000$134,95029.7%
Des Moines1,2561,2391.4%$150,000$138,0008.7%
Carlisle660%$139,000$114,50021.4%

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