Elkhart Lake, WI Real Estate

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.

See real estate for sale in Elkhart Lake, WI.

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.

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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.

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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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Elkhart Lake properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Elkhart Lake Elementary/Middle School (Elkhart Lake) Elkhart Lake-Glenbeulah School District public 327 Not Provided Elkhart Lake Elementary/Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Elkhart Lake High School (Elkhart Lake) Elkhart Lake-Glenbeulah School District public 153 Not Provided Elkhart Lake High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 3,362 114,401 5,742,119
Total Households 1,546 46,684 2,299,100
Total Families 1,065 30,896 1,469,281
Population Density 55 4,372 446,124
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 52% 56% 56%
Blue Collar Jobs 48% 44% 44%

Top Occupations

Professions Population Employed
Manufacturing 683
Transportation 416
Healthcare 299
Sales 224
Management 222
Arts and Media 192
Retail 178
Information, Scientific and Technical 168
Natural Resources 141
Education 138

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 1,797 50,752 2,641,602
Owner Occupied Housing Units 1,195 33,041 1,547,197
Renter Occupied Housing Units 319 13,710 751,903
Vacant Housing Units 283 4,002 342,513
Occupancy Rate 84% 92% 87%
Vehicles Per Housing Unit 2 29 1,563

Commute Time To Work

  City County State
Less than 5 minutes 104 3,688 124,926
5 - 14 minutes 662 9,889 372,310
15 - 29 minutes 684 11,637 448,407
30 - 44 minutes 239 3,021 290,501
45-59 minutes 34 2,056 152,657
Over 60 minutes 70 1,773 85,615

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 156 7,137 347,427
High School Graduate 945 28,914 1,239,522
Some College 559 16,507 817,979
Associates Degree 244 7,856 390,482
Bachelors Degree 425 12,752 713,854
Graduate Degree 238 4,494 261,609

Education Attainment


Market Conditions

Market Conditions for Elkhart Lake

April 2019

Median Sale Price
$194,000

 UP 35.19%
vs. Month Ago
Homes for Sale
32

 UP 6.66%
vs. Month Ago
Homes Sold
2

 UP 100.00%
vs. Month Ago
Avg Days on Market
214

 UP 1683.33%
vs. Month Ago

Median Sale Price

The median sale price for homes in April was $194,000. The median sales price for homes in April rose by $50,500 compared to last month. This represents a 35.19% increase from March. Compared to the same month last year, the median price of homes fell by ($75,500) representing a -28.01% 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

The inventory of homes for sale rose by 2 in April to 32. This represents 6.66% increase from March when 30 homes were on the market. Compared to the same month last year when there were 38 homes for sale, the inventory of homes for sale has fallen by 6 representing a -15.78% 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

The 2 homes sold in April was 1 more than in March. This represents a 100% increase in sales from March. Compared to the same month last year, the number of homes sold did not change 0, a 0% year-over-year .

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.

Avg Days on Market

The average days on market for a home sold in April (214) increased by 202 days compared to March. This represents a 1,683.33% 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 increased by 193, a 919.04% 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

The Sale/List Price Ratio of 97.05% in April rose by 10.24% compared to March and decreased 3.23% 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

The number of homes listed in April (3) remained level Compared to April 2018, the number of new listings decreased by 5, a -62.5% 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 Homes

The median list price in April was $175,900. The median list price for homes in April fell by ($86,600) compared to last month. This represents a 32.99% decrease from March. Compared to the same month last year, the median list price of homes decreased ($166,500) representing a -48.62% year-over-year decrease.

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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