$2,730 Closing Credit*
$229,900
3 Beds
•2 Full Baths
Amy Evans, Listing Office: RE/MAX Results- Warsaw
Is Winona Lake, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Winona Lake has remained a Seller's Market.
Key Takeaway
Winona Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winona Lake, IN
How much do homes in Winona Lake, IN cost?
Median Sold Price
$309,000
$199/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$56,000(-15.3%)
Key Takeaway
Homes in Winona Lake have sold for 15.3% less than they did a month ago.
Summary: The median home sold price in Winona Lake was $309,000 in November 2024, down 15.3% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $205K | N/A |
| 3 Bedrooms | $332.4K | $539.4K | +62.3% |
| 4 Bedrooms | $302.5K | $239K | -21.0% |
| 5+ Bedrooms | $530K | - | N/A |
Summary: Winona Lake 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 did not change, 3 bedroom homes increased by 62.3%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Warsaw | $246.4K | $237.5K | -3.6% |
| Wayne Township | $258.9K | $232K | -10.4% |
| Winona Lake | $365K | $309K | -15.3% |
Housing Supply in Winona Lake, IN
How many homes are available in Winona Lake, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Winona Lake real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Winona Lake 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winona Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Winona Lake in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Winona Lake, 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.