Is Allen County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allen County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Allen County has remained a Seller's Market.

Key Takeaway

Allen County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Allen County, IN

How much do homes in Allen County, IN cost?

Median Sold Price

$252,500

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,333(-0.5%)

Key Takeaway

Homes in Allen County have sold for 0.5% less than they did a month ago.

Summary: The median home sold price in Allen County was $252,500 in October 2024, down 0.5% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $332.5K$71K
-78.6%
2 $171.7K$155K
-9.7%
3 $241.6K$240K
-0.7%
4 $320K$324.9K
+1.5%
5+ $535K$398K
-25.6%

Summary: Allen County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 78.6%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 25.6%.

Median Sold Price Compared To Nearby Counties

Whitley County
+11.8%
Allen County
-0.5%
DeKalb County
-4.8%
Adams County
-7.5%
Wells County
-31.3%

Housing Supply in Allen County, IN

How many homes are available in Allen County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,5411,634+6.0%

Summary: The Allen County real estate market had 1,634 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 154184
+19.5%
3 794831
+4.7%
4 464473
+1.9%
5+ 120137
+14.2%

Summary: The Allen County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 14.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
449456+1.6%

Asking Price vs. Sold Price

213 Homes Were Sold
Under Asking

118 Homes Were Sold
At Asking

112 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allen County, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 456 homes were sold or pending in Allen County in October 2024, up by 1.6% month-over-month. Of the 443 sold homes, 48% were sold under asking, 27% were sold at asking, and 25% were sold over asking.

Days on Market for Allen County, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Allen County, IN

Nearby Markets to Allen County, IN

What housing markets are near Allen County, IN?