Is Kendallville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kendallville was a Buyer's Market.
Key Takeaway
Kendallville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendallville, IN
How much do homes in Kendallville, IN cost?
Median Sold Price
$184,250
$93/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Kendallville have sold for 47.4% less than they did a month ago.
Summary: The median home sold price in Kendallville was $184,250 in March 2024, down 47.4% from last month, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $118.9K | N/A |
| 3 Bedrooms | - | $188.5K | N/A |
| 4 Bedrooms | $350K | $264.5K | -24.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Kendallville housing prices by bedroom type for March 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 did not change, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kendallville | $350K | $184.2K | -47.4% |
| Wayne Township | $350K | $180K | -48.6% |
Housing Supply in Kendallville, IN
How many homes are available in Kendallville, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 22 | +120.0% |
Summary: The Kendallville real estate market had 22 homes for sale in March 2024, a 120.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 6 | +500.0% |
| 3 Bedrooms | 7 | 15 | +114.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kendallville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 500%, 3 bedroom homes increased by 114.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 10 | +900.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendallville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Kendallville in March 2024, up by 900.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Kendallville, 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.