Elkhart Lake, Wisconsin, is a picturesque village in Sheboygan County, roughly 60 miles north of Milwaukee, renowned for its crystal-clear lake and vibrant resort community. With a population of about 1,000, this charming destination is famous for Road America, a world-class motorsports track hosting thrilling races like the IndyCar Series, drawing enthusiasts from across the globe. The village exudes a nostalgic, small-town vibe with historic inns, cozy restaurants, and boutique shops lining its streets. Surrounded by the scenic Kettle Moraine State Forest, Elkhart Lake offers year-round outdoor activities, including boating, fishing, hiking, and snowmobiling, making it a beloved getaway for relaxation and adventure.
Elkhart Lake currently has 9 single family homes for sale with an average list price of $2,108,555.56, 1 townhouse for sale with a list price of $1,350,000, 12 condos for sale with an average list price of $443,516.67, and 1 lot for sale with a list price of $1,700,000. The average annual property tax for Elkhart Lake is $4,203.93.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Elkhart Lake, i.e. what's hot and what's not.
See What's Hot & What's Not in Elkhart LakeElkhart Lake home sales for the month of August decreased in volume by 16.7% when compared to last year, while the median sale price rose by 52.2% from $345,000 to $525,000. House sales stayed the same, while the median sale price rose by 58% from $345,000 to $545,000. Condo sales decreased by 25%, while the median sale price rose by 30.2% from $366,450 to $477,000.
14
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24
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23
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41
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$370,000
|
$405,500
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$278,000
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$405,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.