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Saturday, November 16, 2024

Rising home prices in Elkhart in April

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The median sale price of a home sold in April in Elkhart rose by $31,100 while total sales increased by 50 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $306,100 - an 11.3 percent increase over the $275,000 median sale price for the same period of the previous year. There were two homes sold in Elkhart in April 2021.

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

The following table compares Elkhart to other Polk County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Mitchellville57-28.6$402,000$135,000197.8
Grimes332913.8$350,000$330,0006.1
Johnston2243-48.8$345,000$295,00016.9
Saylorville38-62.5$330,000$253,30030.3
Polk City312-75$317,250$322,450-1.6
Elkhart3250$306,100$275,00011.3
Clive1419-26.3$303,000$268,00013.1
Runnells4333.3$282,250$449,000-37.1
Ankeny113141-19.9$280,000$245,00014.3
Urbandale5358-8.6$280,000$240,00016.7
Bondurant16160$277,450$239,25016

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