Is La Porte, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Porte is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, La Porte was a Seller's Market.

Key Takeaway

La Porte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in La Porte, IN

How much do homes in La Porte, IN cost?

Median Sold Price

$204,950

$118/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$180,050(-46.8%)

Key Takeaway

Homes in La Porte have sold for 46.8% less than they did a month ago.

Summary: The median home sold price in La Porte was $204,950 in October 2024, down 46.8% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $193K-
N/A
3 $415K$179.9K
-56.7%
4 -$230K
N/A
5+ --
N/A

Summary: La Porte housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 56.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Scipio Township
+72.7%
Kankakee Township
+30.7%
Pleasant Township
-42.3%
La Porte
-46.8%

Housing Supply in La Porte, IN

How many homes are available in La Porte, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1618+12.5%

Summary: The La Porte real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 53
-40.0%
4 35
+66.7%
5+ 67
+16.7%

Summary: The La Porte 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 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Porte, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in La Porte in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for La Porte, 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 16 Days Ago

Newest Listings in La Porte, IN

Nearby Markets to La Porte, IN