IN · Metro #132

Fort Wayne - IN housing market

The Fort Wayne metro has a typical home value of $259,816, up 2.9% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$259,816
+2.9% vs. year ago
Median sale price
$255,000
+6.3% YoY
Median list price
$276,600
Sale-to-list ratio
98.0%
Selling below ask
Days on market
8d
Listings w/ price cut
21.4%
New listings / mo
516
-3.6% YoY
Homes for sale
1,145
+0.2% YoY
Typical rent
$1,264/mo
+6.8% YoY
Context

How to read this data

The typical home value ($259,816) 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 2.9% over the past year. In Fort Wayne - IN, that means a home worth $252,494 last year is now worth roughly $259,816.

The median sale price , what homes actually close for , is $255,000. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.

Homes listed in Fort Wayne - IN sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 516 new listings hit the market each month in Fort Wayne - IN. There are currently 1,145 homes for sale, up 0.2% from a year ago.

The typical monthly rent in Fort Wayne - IN is $1,264, up 6.8% 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$295,921 +1.3% 11.0d
South Bend - IN$238,866 +5.7% 9.0d
Evansville - IN$226,753 +3.8% 10.0d
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