46516 Home Values & Market Trends
There are 538 homes currently listed for 46516. 46516 real estate market trends show that home prices range from $8,500 to $1,280,000, and the median sales price in the 46516 zip code is $199,900. The total number of properties sold within the past twelve months is 523. In 46516, 31 properties are in foreclosure, 1 are bank owned properties,and 8 are headed for auction.
46516 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Elkhart | $ 245,469 $ 161/sqft |
Housing Market Summary for 46516
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $189.4K | $195.2K | 3.04% |
| Median Sold Price | $187K | $158.1K | -15.49% |
| Homes For Sale | 386 | 538 | 39.38% |
| Homes Sold | 225 | 204 | -9.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 46516
Browse Homes in 46516
The median list price of a home in Elkhart, is $199,900. A total of 538 properties are for sale, and the percentage of properties for sale in the zip code is 538.00%. The total count of 46516 properties is 801.
- Pre-ForeclosurePre-foreclosure homes account for 2.75% of all residential properties in 46516 with elkhart containing 59 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 46516; of that cities, the estimated home value for pre-foreclosure homes ranges from $426,485 in elkhart to the lowest home value of $60,029 in elkhart.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 46516 ranges from the highest value of $166,030 in elkhart to the lowest value of $153,303 in elkhart. Bank owned homes and properties account for 0.12% of properties in 46516. There is 1 cities within 46516; elkhart containing 4 REO properties, has the highest number of bank owned properties in a single city.
- Auctionselkhart has 30 auction properties, the highest number of properties going to auction in a single city in the state of 46516. Auction homes and other auction properties account for 1.00% of all properties in 46516. There is 1 cities within 46516; of that cities, the median estimated home value for homes going to auction ranges from $912,330 in elkhart to the lowest value of $105,816 in elkhart.
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Guide for 46516
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
