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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wabash is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Wabash, IN

How much do homes in Wabash, IN cost?

Median Sold Price

$186,450

$122/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$17,450(+10.3%)

Key Takeaway

Homes in Wabash have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in Wabash was $186,450 in November 2024, up 10.3% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $99.9K$66K
-33.9%
3 $177.7K$172K
-3.2%
4 $350K$272K
-22.3%
5+ $800K$215K
-73.1%

Summary: Wabash 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 decreased by 33.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 73.1%.

Median Sold Price Compared To Nearby Cities

Noble Township
+46.5%
Wabash
+10.3%

Housing Supply in Wabash, IN

How many homes are available in Wabash, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6871+4.4%

Summary: The Wabash real estate market had 71 homes for sale in November 2024, a 4.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 3638
+5.6%
4 1517
+13.3%
5+ 55
0.0%

Summary: The Wabash 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 decreased by 10%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wabash, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Wabash in November 2024, up by 47.1% month-over-month. Of the 24 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.

Days on Market for Wabash, 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 Wabash, IN

Nearby Markets to Wabash, IN

What housing markets are near Wabash, IN?