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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warsaw is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Warsaw, IN

How much do homes in Warsaw, IN cost?

Median Sold Price

$239,932

$150/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$12,932(+5.7%)

Key Takeaway

Homes in Warsaw have sold for 5.7% more than they did a month ago.

Summary: The median home sold price in Warsaw was $239,932 in October 2024, up 5.7% from last month, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $110K-
N/A
2 $185K$164K
-11.4%
3 $230K$237K
+3.0%
4 $301.7K$291K
-3.6%
5+ $526.9K$695K
+31.9%

Summary: Warsaw 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 decreased by 11.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Cities

Plain Township
+104.2%
Winona Lake
+11.5%
Wayne Township
+8.3%
Warsaw
+5.7%

Housing Supply in Warsaw, IN

How many homes are available in Warsaw, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
143138-3.5%

Summary: The Warsaw real estate market had 138 homes for sale in October 2024, a 3.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 2721
-22.2%
3 6165
+6.6%
4 4141
0.0%
5+ 119
-18.2%

Summary: The Warsaw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4636-21.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 36 homes were sold or pending in Warsaw in October 2024, down by 21.7% month-over-month. Of the 36 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Warsaw, 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 Warsaw, IN

Nearby Markets to Warsaw, IN

What housing markets are near Warsaw, IN?