Is Nappanee, IN 46550 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Nappanee is a seller’s market. With about 1 months of supply and 42% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1Under 4 months = seller’s market

Sold above original list42.3%Share of sales, last 3 months

Median sale-to-list100.5%Sold price ÷ list price

Median days on market28Listing to accepted offer

Median price per sq ft$163▲ +11.9% vs. last year

Run the numbers for 46550

Prefilled for 46550Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46550Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bristol 46507Seller’s market $162 /sq ft Elkhart 46514Seller’s market $148 /sq ft Elkhart 46516Seller’s market $147 /sq ft Elkhart 46517Seller’s market $155 /sq ft Browse all markets →

More tools for 46550

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology