Is Fort Wayne, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Wayne is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Fort Wayne was a Buyer's Market.

Key Takeaway

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

Housing Prices in Fort Wayne, IN

How much do homes in Fort Wayne, IN cost?

Median Sold Price

$245,000

$142/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$8,750(+3.7%)

Key Takeaway

Homes in Fort Wayne have sold for 3.7% more than they did a month ago.

Summary: The median home sold price in Fort Wayne was $245,000 in June 2024, up 3.7% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 -$195K
N/A
2 $117.4K$147.5K
+25.6%
3 $200K$221.4K
+10.7%
4 $299.4K$321.5K
+7.4%
5+ $580K$551.5K
-4.9%

Summary: Fort Wayne housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+46.7%
Fort Wayne
+3.7%
Washington Township
-5.8%

Housing Supply in Fort Wayne, IN

How many homes are available in Fort Wayne, IN?

Number of Homes For Sale

May 2024Jun 2024CHANGE
273467+71.1%

Summary: The Fort Wayne real estate market had 467 homes for sale in June 2024, a 71.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 13
+200.0%
2 2646
+76.9%
3 144254
+76.4%
4 77126
+63.6%
5+ 2538
+52.0%

Summary: The Fort Wayne housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 76.9%, 3 bedroom homes increased by 76.4%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 52%.

Number of Homes Sold

May 2024Jun 2024CHANGE
32114+256.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Wayne, you could pay more than the asking price. 38.3% of homes here sold above asking price last month.

Summary: A total of 114 homes were sold or pending in Fort Wayne in June 2024, up by 256.3% month-over-month. Of the 107 sold homes, 30% were sold under asking, 32% were sold at asking, and 38% were sold over asking.

Days on Market for Fort Wayne, 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 26 Days Ago

Newest Listings in Fort Wayne, IN

Nearby Markets to Fort Wayne, IN

What housing markets are near Fort Wayne, IN?