Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Fort Wayne right now.
Neither side has the upper hand in Fort Wayne. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
About as many homes are under contract as are sitting unsold. Neither side is desperate. Your room to negotiate depends on the listing, not the market. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.
A typical Fort Wayne home takes 44 days to find a buyer. Half of them take even longer. That is 6% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 605 homes for sale in Fort Wayne. That is 3.9 times the tightest month on record, but below the peak of 1,044. Supply is shrinking against last year.
Asking prices are 5.8% below their Jun 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Fort Wayne prices have risen in 95 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
Only on the right house. Neither side has the upper hand in Fort Wayne right now. 0.94 out of every 100 homes for sale have a buyer, 21% of sellers have cut their price, and a typical home takes 44 days to sell.
Asking prices are 5.8% below their Jun 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
+6.1%/yr. 1 year: +2.5% · 5 years: +6.1% · ten years: +8.4%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Fort Wayne does without one. Underwrite closer to +6.1%. Measure growth per square foot. Fort Wayne median list price grew 5.9% a year, but price per square foot grew 8.4%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
A typical Fort Wayne home takes 44 days to find a buyer. Half of them take even longer. That is 6% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
46802. Only 32 out of 100 homes there have a buyer, 33% have cut their price, and a typical home takes 55 days to sell.
Where it isn't: 46815 ranks #715 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 46802 is on both lists. That is rare. It is the one place in Fort Wayne where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 46816 | +23.9% | $189 | 0.75 | 18 |
| 46802 | +23.6% | $184 | 0.32 | 34 |
| 46825 | +14.4% | $169 | 0.99 | 37 |
| 46803 | +14.1% | $98 | 0.64 | 14 |
| 46808 | +10.4% | $133 | 1.21 | 29 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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