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Monday, July 7, 2025

The first half of 2021: Elkhart experienced a 48.5% drop in median home prices

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The median sale price of a home sold in the first half of 2021 in Elkhart fell by $56,500 while total sales increased by 250%, according to BlockShopper.com.

From January through June of 2021, there were seven homes sold, with a median sale price of $60,000 - a 48.5% decrease over the $116,500 median sale price for the same period of the previous year. There were two homes sold in Elkhart in the first half of 2020.

The median sales tax in Elkhart for the most recent year with available data, 2019, was $1,777, approximately 3% of the median home sale price for the first half of 2021.

The following table compares Elkhart to other Logan County cities in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Atlanta181520%$120,000$85,00041.2%
Emden67-14.3%$95,700$67,09042.6%
Lincoln17312143%$84,900$83,5001.7%
Mount Pulaski241560%$71,000$85,000-16.5%
Elkhart72250%$60,000$116,500-48.5%
New Holland30-$50,000$0-
Hartsburg220%$39,000$73,750-47.1%
Latham31200%$34,000$74,500-54.4%
Middletown46-33.3%$16,750$45,250-63%

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