Is Kendallville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kendallville is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Kendallville was a Seller's Market.

Key Takeaway

Kendallville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Kendallville, IN

How much do homes in Kendallville, IN cost?

Median Sold Price

$205,000

$149/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$26,500(+14.8%)

Key Takeaway

Homes in Kendallville have sold for 14.8% more than they did a month ago.

Summary: The median home sold price in Kendallville was $205,000 in November 2024, up 14.8% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $109.5K$150K
+37.0%
3 $178.5K$212.5K
+19.0%
4 $251.9K-
N/A
5+ $200K-
N/A

Summary: Kendallville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kendallville
+14.8%
Wayne Township
+14.5%
Allen Township
+13.2%

Housing Supply in Kendallville, IN

How many homes are available in Kendallville, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5958-1.7%

Summary: The Kendallville real estate market had 58 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 3737
0.0%
4 1313
0.0%
5+ 42
-50.0%

Summary: The Kendallville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kendallville, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Kendallville in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Kendallville, 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 21 Days Ago

Newest Listings in Kendallville, IN

Nearby Markets to Kendallville, IN

What housing markets are near Kendallville, IN?