$2,136 Closing Credit*
$179,900
4 Beds
•1 Full Bath
Teresa Bakehorn, Listing Office: Our House Real Estate
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
$365,000
$180/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$37,500(+11.5%)
Key Takeaway
Homes in Winona Lake have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Winona Lake was $365,000 in October 2024, up 11.5% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $282.4K | $332.4K | +17.7% |
| 4 Bedrooms | $469.9K | $302.5K | -35.6% |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Winona Lake 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 increased by 17.7%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Winona Lake | $327.5K | $365K | +11.5% |
| Wayne Township | $235K | $254.4K | +8.3% |
| Warsaw | $227K | $239.9K | +5.7% |
Housing Supply in Winona Lake, IN
How many homes are available in Winona Lake, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Winona Lake real estate market had 23 homes for sale in October 2024, a 14.8% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Winona Lake 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winona Lake, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Winona Lake in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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.