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Friday, November 15, 2024

Rising home prices in Elkhart in the second half of 2021

Realestate077

The median sale price of a home sold in the second half of 2021 in Elkhart rose by $71,700 while total sales increased by 125%, according to BlockShopper.com.

From July through December of 2021, there were 18 homes sold, with a median sale price of $264,950 - a 37.1% increase over the $193,250 median sale price for the same period of the previous year. There were eight homes sold in Elkhart in the second half of 2020.

The median sales tax in Elkhart for the most recent year with available data, 2017, was $2,780, approximately 1% of the median home sale price for the second half of 2021.

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

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Clive1331311.5%$314,000$295,0006.4%
Grimes205256-19.9%$299,500$262,90013.9%
Saylorville42412.4%$286,000$290,000-1.4%
Ankeny9301,085-14.3%$281,000$245,60014.4%
Pleasant Hill142168-15.5%$270,000$225,75019.6%
Elkhart188125%$264,950$193,25037.1%
West Des Moines505557-9.3%$256,000$235,0008.9%
Bondurant105127-17.3%$255,000$243,0004.9%
Urbandale369428-13.8%$250,000$229,9508.7%
Altoona236275-14.2%$245,700$231,9006%
Runnells2228-21.4%$242,450$326,250-25.7%

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