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

$227,500

$134/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

+$6,500(+2.9%)

Key Takeaway

Homes in Fort Wayne have sold for 2.9% more than they did a month ago.

Summary: The median home sold price in Fort Wayne was $227,500 in January 2024, up 2.9% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 $55K$148K
+169.1%
2 $158.4K$113.5K
-28.4%
3 $219.9K$204.9K
-6.8%
4 $255.7K$287.7K
+12.5%
5+ $340K$348.9K
+2.6%

Summary: Fort Wayne housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes increased by 169.1%, 2 bedroom homes decreased by 28.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Washington Township
+13.2%
Adams Township
+5.3%
Saint Joseph Township
+4.1%
Fort Wayne
+2.9%
Wayne Township
-4.5%

Housing Supply in Fort Wayne, IN

How many homes are available in Fort Wayne, IN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9089090.1%

Summary: The Fort Wayne real estate market had 909 homes for sale in January 2024, a 0.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 45
+25.0%
2 95102
+7.4%
3 502473
-5.8%
4 249260
+4.4%
5+ 5869
+19.0%

Summary: The Fort Wayne housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
290233-19.7%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

63 Homes Were Sold
At Asking

39 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. 53% of homes here sold below asking price last month.

Summary: A total of 233 homes were sold or pending in Fort Wayne in January 2024, down by 19.7% month-over-month. Of the 217 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% 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 20 Days Ago

Newest Listings in Fort Wayne, IN

Nearby Markets to Fort Wayne, IN

What housing markets are near Fort Wayne, IN?