IN · Metro #132

Fort Wayne - IN housing market

The Fort Wayne metro has a typical home value of $262,029, up 3.0% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$262,029
+3.0% vs. year ago
Median sale price
$258,108
+5.9% YoY
Median list price
$284,900
Sale-to-list ratio
98.5%
Selling below ask
Days on market
7d
Listings w/ price cut
23.3%
New listings / mo
559
-3.5% YoY
Homes for sale
1,222
-1.0% YoY
Typical rent
$1,284/mo
+6.6% YoY
Context

How to read this data

The typical home value ($262,029) is the Zillow Home Value Index for the Fort Wayne - IN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.0% over the past year. In Fort Wayne - IN, that means a home worth $254,397 last year is now worth roughly $262,029.

The median sale price , what homes actually close for , is $258,108. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Fort Wayne - IN sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 559 new listings hit the market each month in Fort Wayne - IN. There are currently 1,222 homes for sale, down 1.0% from a year ago.

The typical monthly rent in Fort Wayne - IN is $1,284, up 6.6% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in IN

MetroHome value1-yr changeDays on market
Indianapolis - IN$297,385 +1.1% 11.0d
South Bend - IN$242,671 +6.0% 9.0d
Evansville - IN$229,634 +3.8% 13.0d
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