Is Elkhorn, WI 53121 a buyer’s or seller’s market?

The Elkhorn housing market right now

In the three months ending August 31, 2026, 39% of homes in Elkhorn, WI 53121 sold above their list price, the typical home went under contract in 43 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 79 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (51 days then) and the median sale price fell 8% to $374,838. Overall, Elkhorn is more competitive than a year ago, so tougher for buyers.

Within Walworth County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Elkhorn ranks #145 of 319 WI ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Genoa City 53128 (17% sold over asking) or Lake Geneva 53147 (18% sold over asking), while Sharon 53585 (50% sold over asking) and East Troy 53120 (49% sold over asking) are even more competitive.