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Hawkeye Reporter

Monday, November 25, 2024

Elkhart home prices fall in August 2020

Re 1

The median sale price of a home sold in August 2020 in Elkhart fell by $27,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In August 2020, there were two homes sold, with a median sale price of $166,500 - a 14.2% decrease over the $194,000 median sale price for the same period of the previous year. There were three homes sold in Elkhart in August 2019.

The median sales tax in Elkhart for the most recent year with available data, 2017, was $2,780, approximately 1.7% of the median home sale price for August 2020.

The following table compares Elkhart to other Polk County cities with similar median sales prices in August 2020:

CityAug. 2020 Home SalesAug. 2019 Home Sales% change (Total Home Sales)Aug. 2020 Median Sales PriceAug. 2019 Median Sales Price% change (Median Sales Price)
Ankeny21219210.4%$250,500$234,5006.8%
Altoona3739-5.1%$243,560$240,0001.5%
Bondurant252213.6%$240,000$220,0009.1%
Pleasant Hill252025%$238,000$204,00016.7%
Windsor Heights10825%$235,250$190,00023.8%
Urbandale846823.5%$234,500$235,000-0.2%
West Des Moines1028322.9%$233,750$220,0006.3%
Carlisle20-$196,500$0-
Mitchellville57-28.6%$195,000$165,50017.8%
Elkhart23-33.3%$166,500$194,000-14.2%
Des Moines48141515.9%$153,500$140,0009.6%

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