Fort Wayne, IN 46818 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's median sold price is 334,750, which serves as the primary indicator of recent market value and suggests realized transaction pricing is notably below the median listing price of 417,518, indicating potential pricing friction between seller expectations and closed sales.
2. The neighborhood's median sold price is 334,750, paired with a median days on market of 263, which suggests slower sales velocity and that transactions may take longer to reach contract under current conditions; this combination appears to reflect a balanced but elongated time-to-sale rather than immediate demand. neutral market temperature signaling balanced buyer-seller dynamics.
3. The neighborhood's median sold price is 334,750, while rent is rising with a median market rent of 1,350 and rent year-over-year trend listed as up, highlighting strengthening rental demand that may support investor interest despite slower sales velocity.
4. The neighborhood's median sold price is 334,750 amid an environment of elevated interest rate pressure and reported average 30-year fixed mortgage rates of 6.63%, which may constrain affordability and contribute to the observed gap between asking and sold prices and to moderate transaction volume.

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.