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Wednesday, November 27, 2024

Elkhart home prices fall in 2018

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The median sale price of a home sold in 2018 in Elkhart fell by $17,900 while total sales increased by 18.2%, according to BlockShopper.com.

From January through December of 2018, there were 13 homes sold, with a median sale price of $85,000 - a 17.4% decrease over the $102,900 median sale price for the previous year. There were 11 homes sold in Elkhart in 2017.

The median sales tax in Elkhart for the most recent year with available data, 2017, was $1,762, approximately 2.1% of the median home sale price for 2018.

The following table compares Elkhart to other Logan County cities in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Atlanta3640-10%$91,450$80,75013.3%
Elkhart131118.2%$85,000$102,900-17.4%
Mount Pulaski373023.3%$77,500$72,0007.6%
Lincoln2722499.2%$71,471.50$70,0002.1%
Emden1011-9.1%$62,250$48,00029.7%
New Holland60-$56,500$0-
Hartsburg82300%$30,000$49,300-39.1%
Latham8714.3%$23,250$28,500-18.4%
Middletown59-44.4%$10,000$64,000-84.4%

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