Is Fort Wayne, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Wayne is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fort Wayne has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fort Wayne, IN

How much do homes in Fort Wayne, IN cost?

Median Sold Price

$249,900

$140/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$100(0%)

Key Takeaway

The sold price of homes in Fort Wayne has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $332.5K$71K
-78.6%
2 $171.8K$146.9K
-14.5%
3 $243.1K$237.4K
-2.4%
4 $315.7K$319.9K
+1.3%
5+ $534.9K$414.9K
-22.4%

Summary: Fort Wayne 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 14.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 22.4%.

Median Sold Price Compared To Nearby Cities

Adams Township
+15.5%
Wayne Township
+6.6%
Saint Joseph Township
0.2%
Fort Wayne
0%
Washington Township
-11.2%

Housing Supply in Fort Wayne, IN

How many homes are available in Fort Wayne, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,2911,365+5.7%

Summary: The Fort Wayne real estate market had 1,365 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 137164
+19.7%
3 668688
+3.0%
4 379394
+4.0%
5+ 99111
+12.1%

Summary: The Fort Wayne 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 19.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 12.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
391387-1.0%

Asking Price vs. Sold Price

176 Homes Were Sold
Under Asking

102 Homes Were Sold
At Asking

98 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Wayne, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 387 homes were sold or pending in Fort Wayne in October 2024, down by 1.0% month-over-month. Of the 376 sold homes, 47% were sold under asking, 27% were sold at asking, and 26% were sold over asking.

Days on Market for Fort Wayne, 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 4 Days Ago

Newest Listings in Fort Wayne, IN

Nearby Markets to Fort Wayne, IN

What housing markets are near Fort Wayne, IN?