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

Since last month, Fort Wayne has remained a Seller'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

$239,900

$139/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$5,100(-2.1%)

Key Takeaway

Homes in Fort Wayne have sold for 2.1% less than they did a month ago.

Summary: The median home sold price in Fort Wayne was $239,900 in December 2024, down 2.1% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $157.5K-
N/A
2 $133K$178K
+33.8%
3 $235K$225K
-4.3%
4 $315K$295K
-6.3%
5+ $450K$464.9K
+3.3%

Summary: Fort Wayne housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+4.4%
Adams Township
+2.0%
Fort Wayne
-2.1%
Saint Joseph Township
-2.2%
Washington Township
-5.2%

Housing Supply in Fort Wayne, IN

How many homes are available in Fort Wayne, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1,2091,114-7.9%

Summary: The Fort Wayne real estate market had 1,114 homes for sale in December 2024, a 7.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 146131
-10.3%
3 644594
-7.8%
4 326298
-8.6%
5+ 9088
-2.2%

Summary: The Fort Wayne housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 2.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
342314-8.2%

Asking Price vs. Sold Price

148 Homes Were Sold
Under Asking

97 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Wayne, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 314 homes were sold or pending in Fort Wayne in December 2024, down by 8.2% month-over-month. Of the 303 sold homes, 49% were sold under asking, 32% were sold at asking, and 19% were sold over asking.

Days on Market for Fort Wayne, IN

How long does it take to sell a home in Fort Wayne, IN?

Average Sale Time

Nov 2024Dec 2024CHANGE
136 Days18 Days-86.4%

Summary: Homes in Fort Wayne had an average of 18 days on market in Dec 2024, down by 86.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Wayne are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 314 homes were sold in Fort Wayne; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 15 Days Ago

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