ZIP 53121 (Elkhorn, WI) Housing Market & Real Estate Update — February 23, 2026
53121 – February 23, 2026 – Elkhorn, WI: Redfin shows Jan median sale $354.9K (-1.8% YoY), ~42 homes for sale; Freddie Mac 30-year is 6.01%.
ZIP 53121 (Elkhorn, Walworth County, Wisconsin) is starting the week with a fairly broad mix of inventory, from entry-level condos to higher-end lake properties.
Top takeaways
- Prices are roughly flat-to-slightly softer: Redfin’s Jan 2026 median sold price is $354,900 (-1.8% YoY).
- Active choice looks decent for a smaller ZIP: Redfin is showing about 42 homes for sale right now.
- Financing got a little friendlier: Freddie Mac’s weekly average 30-year fixed rate is 6.01% (as of 02/19/2026).
Market snapshot (sales + inventory)
Redfin’s trend line for 53121 points to a median sale price around the mid-$300Ks in January, with a modest year-over-year dip. That’s consistent with what buyers often feel on the ground in winter: fewer bidding-war headlines, but still plenty of competition for well-priced, move-in-ready homes.
On the supply side, Redfin currently lists roughly low-40s homes for sale in the ZIP. The current set spans multiple sub-markets: smaller condos below $200K, traditional single-family homes in the $200Ks–$400Ks, and lake-area listings that can push into the $600K–$1M+ range.
Mortgage-rate watch (why this matters locally)
Freddie Mac’s Primary Mortgage Market Survey shows the average 30-year fixed at 6.01% and the 15-year fixed at 5.35% as of 02/19/2026. Even small rate moves can change affordability in a market like Elkhorn, where many buyers are balancing payment comfort with winter inventory choices.
What’s for sale nearby (examples)
- Condo option: a 2-bed / 2-bath unit listed around $185K.
- Starter single-family: a 3-bed home listed around $249K.
- Lake lifestyle: a 4-bed A-frame-style home with lake access listed around $650K (with a few premium lakefront listings above $1M also showing up).
Rental note
If you’re tracking rents (or considering renting out a property after purchase), recent ACS-based ZIP demographics compiled by Simplemaps show an estimated median rent around $1,031/month for 53121. Treat that as a broad benchmark—actual asking rents can vary widely by season, condition, and proximity to the lakes.
ServiceXTC local pros
Today we could not confirm any ServiceXTC provider profiles that are explicitly tagged to ZIP 53121 in our directory index. If you’re a local home inspector, roofer, remodeler, electrician, plumber, or HVAC tech serving Elkhorn, consider adding your listing so locals can find you.
Sources
https://www.redfin.com/zipcode/53121
https://www.freddiemac.com/pmms
https://www.ciclt.net/sn/clt/capitolimpact/gw_ziplist.aspx?state=wi&stfips=&stname=wisconsin&zip=531
https://en.wikipedia.org/wiki/Elkhorn%2C_Wisconsin
https://simplemaps.com/us-zips/53121/
What are you seeing in 53121 right now—more price cuts, more buyers touring, or still a winter slowdown?