Fort Wayne, IN 46818 Real Estate Market Report

ZIP Code: 46818
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Fort Wayne housing market in ZIP code 46818 has shown a median sold price of $318,900, reflecting a stable environment for recent transactions. This price point indicates a balanced market, as the neighborhood has experienced an upward trend in property values, supported by local demand despite elevated interest rates. The median listing price stands at $429,850, suggesting that sellers may have higher expectations compared to actual sales, which could create pricing friction in negotiations.

Transaction activity appears moderate, with median days on market recorded at 228 days. This extended timeframe may indicate slower sales velocity, potentially due to elevated inventory levels relative to sales activity. The current market temperature is assessed as neutral, suggesting a balanced dynamic between buyers and sellers, although elevated interest rate pressure may influence future market conditions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Fort Wayne are averaging 6.64% compared to the 2026 average of 6.38%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $318,900 is the median sold price, indicating a stable market despite elevated interest rates.

2. $429,850 as the median listing price suggests potential pricing friction between seller expectations and buyer willingness.

3. 228 days on the market reflects slower sales velocity, which may be attributed to elevated inventory levels relative to sales activity.

4. The median market rent is $1,400, indicating upward pressure on rental prices in the area.

5. The market temperature is assessed as neutral, suggesting a balanced environment for both buyers and sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.