Current Price

$130,536

1 Month Forecast

â–² $131,178

1-Year Forecast *

â–² $135,114

5-Year Forecast *

â–² $152,680

"Is it a good time to buy homes in Elkhart?" "Does investing in real estate in Elkhart (Illinois State, Logan County) worth it?" According to our live Forecast System, buying a house in Elkhart is a not so good short-term (1-year) investment*. The Elkhart average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elkhart" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Elkhart in Illinois State, Logan County. If you are looking for homes for sale with good flipping profit, Elkhart can be a profitable property investment option. The median price of an average house in Elkhart was 130,536 USD on 2026-02-15. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elkhart" area is 152,680 USD by 2031-02-15. For a 5-year investment the profit is expected to be around +16.96% meaning that investing 100000 USD today may yield a profit of 16,964 USD by 2031.

Current Median Listing Price: 130,536 USD Median Listing Price Per Square Foot: 73 USD

Elkhart Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Elkhart (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Elkhart Price Target

Elkhart median home price target in 12 months: $135,114* (upside of 3.5%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $116,734 $130,536 $116,734 $130,536
2023 $105,435 $116,271 $105,435 $116,271
2022 $112,117 $104,525 $102,970 $112,625
2021 $107,003 $110,965 $106,294 $110,965
2020 $102,974 $108,099 $102,974 $109,282
2019 $95,986 $100,929 $95,986 $100,929
2018 $88,771 $95,080 $88,771 $95,080
2017 $82,239 $88,059 $81,043 $88,059
2016 $0 $83,402 $0 $88,675
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Elkhart Housing Market Forecast

How much does an average home cost in Elkhart today?

The value of an average home (the listing price) in Elkhart is $130,536 USD.

What is the average price per square foot in Elkhart?

According to Walletinvestor the median price per square foot in Elkhart is 73 USD.

Will the median listing price of homes in Elkhart grow / rise / go up?

Yes. The Elkhart home prices may rise from 130,536 USD to 135,114 USD in one year.

Is it profitable to invest in Elkhart homes?

Yes. The long-term profit potential is +3.51% in one year.

Will Elkhart house prices fall / drop?

No. See above.

What is the predicted price of a Elkhart home in 2030?

The predicted home sales price of a Elkhart home in 2030 in Elkhart is 149,209 USD.

What is the predicted price of a Elkhart home in 2035?

The predicted home sales price of a Elkhart home in 2035 in Elkhart is 172,027 USD.

Will real estate prices decrease in Elkhart?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elkhart is the 28608. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Logan, Elkhart remained stable, looking at the past 12 months.

According to Walletinvestor's Elkhart real estate market research, home values will increase in the next 12 months.

Median home values remained unchanged to 130,536 USD, between 2025-02-15 and 2026-02-15

The average annual profit of property investment was:

  • 4.767% in 2021
  • 4.507% in 2022
  • 4.747% in 2023
  • 2.447% in 2024
  • 4.457% in 2025
  • 2.247% in 2026

Based on our Elkhart real estate market research and report the predicted sales prices will increase by 41.159% in the next 10 years.

Elkhart (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Elkhart Housing Market Forecast with Real Estate Prices for 2025
January 2025 131178 123570 138787
February 2025 131192 123189 139194
March 2025 130578 119871 141285
April 2025 129967 121519 138415
May 2025 129854 117388 142320
June 2025 130381 117995 142767
July 2025 131103 119172 143033
August 2025 131945 119938 143952
September 2025 132793 120045 145541
October 2025 133646 124157 143135
November 2025 134505 121727 147283
December 2025 135114 125521 144707
Elkhart Housing Market Forecast with Real Estate Prices for 2026
January 2026 134875 127726 142023
February 2026 134244 121491 146997
March 2026 133616 120254 146977
April 2026 132991 120091 145891
May 2026 132369 123632 141105
June 2026 131749 123317 140181
July 2026 131133 122347 139919
August 2026 131402 120233 142571
September 2026 131855 122229 141480
October 2026 132702 120493 144910
November 2026 133554 123939 143170
December 2026 134413 123525 145300
Elkhart Housing Market Forecast with Real Estate Prices for 2027
January 2027 135276 124319 146234
February 2027 136046 126251 145841
March 2027 136920 124324 149517
April 2027 137800 124158 151442
May 2027 138685 127729 149642
June 2027 139576 130644 148509
July 2027 140260 133107 147413
August 2027 141161 127186 155136
September 2027 142032 128254 155809
October 2027 142937 129215 156659
November 2027 143505 130303 156708
December 2027 144428 132440 156415
Elkhart Housing Market Forecast with Real Estate Prices for 2028
January 2028 145355 133436 157275
February 2028 146289 137512 155067
March 2028 146124 134288 157960
April 2028 145441 137732 153149
May 2028 144760 135640 153880
June 2028 144708 132986 156429
July 2028 145637 131219 160055
August 2028 146573 135287 157859
September 2028 147515 138811 156218
October 2028 148463 135992 160934
November 2028 149194 138750 159637
December 2028 149209 138615 159802
Elkhart Housing Market Forecast with Real Estate Prices for 2029
January 2029 148511 136778 160243
February 2029 147816 135843 159789
March 2029 147687 136167 159207
April 2029 148287 134941 161633
May 2029 149107 137179 161036
June 2029 150065 139111 161020
July 2029 151030 140609 161451
August 2029 152000 143032 160968
September 2029 152977 141351 164603
October 2029 153670 138456 168883
November 2029 153397 141893 164902
December 2029 152680 137870 167490
Elkhart Housing Market Forecast with Real Estate Prices for 2030
January 2030 151966 143000 160932
February 2030 151255 140516 161994
March 2030 150547 139256 161838
April 2030 149843 137406 162280
May 2030 149142 140193 158091
June 2030 149448 137791 161105
July 2030 149963 140365 159560
August 2030 150926 139607 162246
September 2030 151896 142630 161161
October 2030 152872 138043 167700
November 2030 153854 143392 164316
December 2030 154730 139257 170203
Elkhart Housing Market Forecast with Real Estate Prices for 2031
January 2031 155724 145602 165846
February 2031 156724 147478 165971
March 2031 157731 148898 166564
April 2031 158745 148585 168905
May 2031 159522 148356 170689
June 2031 160547 150915 170180
July 2031 161537 146676 176399
August 2031 162567 150537 174596
September 2031 163213 154237 172190
October 2031 164262 148493 180031
November 2031 165318 150108 180527
December 2031 166380 150075 182685

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.