Elkhart Lake, WI Real Estate

Elkhart Lake

Elkhart Lake, Wisconsin is a charming quiet lakeside village. It is located 1 hour north of Milwaukee and 2 hours from Chicago. This lively community has a population of 1,021 and is the home to one of the cleanest lakes in Wisconsin, plus it hosts the world renowned Road America race track.

Real Estate
There are many opportunities for housing from the middle class quaint homes to the fabulous vacation homes or luxurious condos. The average home price for Elkhart Lake is $178,718.

Amenities
The area offers a wide variety of recreational activities and opportunities. You can pamper yourself with a full service spa or lounge around in the beautiful pools or beaches. Tee off at the Quit-Qui-Oc golf course or climb the 80’ observation tower at the Sheboygan County Marsh Park. There are resorts, bed and breakfast inns, dining and shopping to appease your tastes or get away adventures.

History
Legend has it that the Potawatomi Indians, the original tribe of the area, called the lake Great Elk Heart Lake because of it’s general shape resembling an elk’s heart. The lake is fed by tens of thousands of springs and is considered to be one of the cleanest lakes in Wisconsin. In 1872 the Milwaukee and Northern Railroad added a direct route to access Elkhart Lake and created enormous opportunity for development of business and resorts.

Gambling was also an active part of Elkhart Lake’s history. By the 1920’s gambling was mostly patronized largely by Chicago residents. Never in any city had any games of chance been operated more openly with little regard to the anti gambling laws.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Elkhart Lake Elementary/middle School (Elkhart Lake) Elkhart Lake-glenbeulah School District Public 300 13 ELKHART LAKE ELEMENTARY/MIDDLE SCHOOL GreatSchools Rating
Elkhart Lake High School (Elkhart Lake) Elkhart Lake-glenbeulah School District Public 159 12 ELKHART LAKE HIGH SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 3,485 116,090 5,852,878
Total Households 1,461 46,558 2,349,819
Total Families 1,096 31,375 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 51% 50% 58%
Blue Collar Jobs 49% 50% 42%

Top Occupations

Professions Population Employed
Professional Services 260
Sales 196
Food 172
Maintenance 139
Construction 83
Healthcare 83
Management 83
Manufacturing 82
Transportation 67
Arts and Media 42

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 123 4,353 224,571
High School Graduate 934 29,626 1,256,597
Some College 571 16,981 833,955
Associates Degree 235 8,108 410,260
Bachelors Degree 465 13,274 747,113
Graduate Degree 230 5,700 384,121

Education Attainment


Market Conditions
Market Conditions for Elkhart Lake - September 2020 | Shorewest Realtors®
September 2020

Market Conditions for Elkhart Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $502,500. The median sales price for homes in September rose by $155,000 compared to last month. This represents a 44.6% increase from August. Compared to the same month last year, the median price of homes rose by $268,250 representing a 114.51% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 1 in September to 9. This represents 12.5% increase from August when 8 homes were on the market. Compared to the same month last year when there were 19 homes for sale, the inventory of homes for sale has fallen by 10 representing a -52.63% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 2 homes sold in September was the same as in August. Compared to the same month last year, the number of homes sold decreased by 2, a -50% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in September (164) increased by 77 days compared to August. This represents a 88.5% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 136, a -45.33% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 94.74% in September rose by 0.14% compared to August and decreased 0.2% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in September (3) remained level Compared to September 2019, the number of new listings increased by 2, a 200% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in September was $480,000. The median list price for homes in September rose by $105,000 compared to last month. This represents a 28% increase from August. Compared to the same month last year, the median list price of homes increased $317,000 representing a 194.47% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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