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Sunday, November 17, 2024

How did home prices perform in Elkhart during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Elkhart rose by $142,250 while total sales increased by 100%, according to BlockShopper.com.

From July through September of 2021, there were 10 homes sold, with a median sale price of $310,750 - a 84.4% increase over the $168,500 median sale price for the same period of the previous year. There were five homes sold in Elkhart in the third quarter of 2020.

The median sales tax in Elkhart for the most recent year with available data, 2017, was $2,780, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Elkhart to other Polk County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Polk City3857-33.3%$351,250$283,00024.1%
Granger1121-47.6%$334,470$270,00023.9%
Johnston131133-1.5%$330,900$284,00016.5%
Clive80791.3%$317,500$287,00010.6%
Elkhart105100%$310,750$168,50084.4%
Saylorville24229.1%$295,000$294,2500.3%
Grimes107123-13%$290,000$269,0007.8%
Ankeny533612-12.9%$272,500$248,0009.9%
Pleasant Hill897912.7%$269,000$229,00017.5%
West Des Moines2872870%$265,000$234,90012.8%
Bondurant6372-12.5%$260,000$241,2507.8%

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