Valparaiso, IN 46385 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

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 primary indicator of market value is the median sold price: 268,000, which represents recent transaction activity and aligns with the price year-over-year trend being up rather than asking-price signals.
2. There is a notable gap between the median listing price and the median sold price (median listing price: 489,500 vs. median sold price: 268,000), which may indicate pricing friction and elevated seller expectations relative to recent transaction prices.
3. Liquidity appears slow based on a long median days on market of 235, suggesting slower transaction velocity and that sellers may need to price more competitively or allow longer marketing windows to transact.
4. Market fundamentals are mixed but stable: the median price per square foot is 191 while median market rent is 1,651, the market temperature is neutral, rent year-over-year trend is up, and interest rate pressure is moderate with prevailing 30-year fixed rates averaging 6.5%, all of which suggest steady, modest appreciation with caution around affordability.

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.