Is Allen County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allen County is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

How much do homes in Allen County, IN cost?

Median Sold Price

$213,000

$123/sqft

Based on all homes sold in February 2023.

Difference Since Last Month

+$18,000(+9.2%)

Key Takeaway

Homes in Allen County have sold for 9.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJan 2023Feb 2023%
1 $49K-
N/A
2 $121.4K$124K
+2.2%
3 $200K$195K
-2.5%
4 $247.4K$296K
+19.6%
5+ $290K$244.9K
-15.5%

Median Sold Price Compared To Nearby Counties

Whitley County
+26.1%
Allen County
+9.2%
DeKalb County
+6.7%
Adams County
+2.7%
Wells County
-8.9%

How many homes are available in Allen County, IN?

Number of Homes For Sale

Jan 2023Feb 2023%
877909+3.6%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 77
0.0%
2 7781
+5.2%
3 496479
-3.4%
4 255287
+12.5%
5+ 4255
+31.0%

Number of Homes Sold

Jan 2023Feb 2023%
260288+10.8%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

81 Homes Were Sold
At Asking

74 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allen County, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Allen County, IN

Number of homes for sale in Allen County, IN real estate market have reached 909. In February 2023 in Allen County, IN there were 3.6% more homes for sale than in January 2023. Listing prices have changed in this real estate market between February 2022 and February 2023: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 2.2%, 3 bedrooms properties became 2.5% more cheaper, prices of 4 bedrooms properties increased by 19.6%, prices of 5 bedrooms properties decreased by 15.5%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 5.2%, volume of 3 bedrooms homes went down by 3.4%, the quantity of 4 bedrooms homes went up by 12.5%, the quantity of 5 bedrooms homes went up by 31%. Allen County, IN housing market in February 2023 saw over 74 listings sold above listed price, more than 81 sold at listed price and over 119 sold below.

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