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

$237,500

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$8,932(-3.6%)

Key Takeaway

Homes in Warsaw have sold for 3.6% less than they did a month ago.

Summary: The median home sold price in Warsaw was $237,500 in November 2024, down 3.6% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $164K$195K
+18.9%
3 $237K$200K
-15.6%
4 $300K$370K
+23.3%
5+ $695K$342K
-50.8%

Summary: Warsaw 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 18.9%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 50.8%.

Median Sold Price Compared To Nearby Cities

Warsaw
-3.6%
Wayne Township
-10.4%
Winona Lake
-15.3%
Plain Township
-42.7%

Housing Supply in Warsaw, IN

How many homes are available in Warsaw, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
131130-0.8%

Summary: The Warsaw real estate market had 130 homes for sale in November 2024, a 0.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 2018
-10.0%
3 6465
+1.6%
4 3835
-7.9%
5+ 89
+12.5%

Summary: The Warsaw housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3832-15.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warsaw, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Warsaw in November 2024, down by 15.8% month-over-month. Of the 32 sold homes, 31% were sold under asking, 41% were sold at asking, and 28% 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 17 Days Ago

Newest Listings in Warsaw, IN

Nearby Markets to Warsaw, IN

What housing markets are near Warsaw, IN?