$1,424 Closing Credit*
$119,900
4 Beds
•1 Full Bath, 1 Partial
Kendrae Hilty, Listing Office: RE/MAX 100 Elkhart
Is Nappanee, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Nappanee was a Buyer's Market.
Key Takeaway
Nappanee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nappanee, IN
How much do homes in Nappanee, IN cost?
Median Sold Price
$249,000
$148/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$2,500(+1.0%)
Key Takeaway
Homes in Nappanee have sold for 1% more than they did a month ago.
Summary: The median home sold price in Nappanee was $249,000 in October 2024, up 1% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143K | - | N/A |
| 3 Bedrooms | $350K | $193K | -44.9% |
| 4 Bedrooms | - | $265K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Nappanee 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 44.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Locke Township | $143K | $249K | +74.1% |
| Nappanee | $246.5K | $249K | +1.0% |
| Jefferson Township | $350K | $229K | -34.6% |
Housing Supply in Nappanee, IN
How many homes are available in Nappanee, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Nappanee real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nappanee 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nappanee, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Nappanee in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Nappanee, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.