Valparaiso, IN 46385 Real Estate Market Report

ZIP Code: 46385
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Valparaiso, IN is characterized by a median sold price of $339,000, reflecting a stable market environment. Although the specific historical sold price change percentage is not available, the market has shown signs of price appreciation, with the current median listing price at $439,000. This gap between listing and sold prices may indicate some pricing friction as sellers adjust to market realities.

Transaction activity appears moderate, with 195 days as the median days on market, suggesting a slower sales velocity. The inventory conditions show elevated levels, with excess supply relative to sales activity, which may contribute to the extended time properties are on the market. Overall, the market temperature is neutral, indicating a balanced environment with potential opportunities for both buyers and sellers.

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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 Valparaiso, IN are averaging 6.38%, which is 0.16% higher than the 6.22% average from March 2025.

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. The median sold price of $339,000 indicates a stable market value, reflecting recent transaction activity.

2. With a median listing price of $439,000, there is a notable gap suggesting potential pricing friction as sellers adjust expectations.

3. The median days on market stands at 195 days, indicating a slower sales velocity in the current market.

4. The market temperature is neutral, suggesting a balanced environment with moderate transaction volume.

5. Elevated inventory levels relative to sales activity may lead to increased competition among 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.