All Reports Monthly Market Report Fort Wayne MSA • September 2024 • All

Monthly Market Report

Monthly totals, trends, and year-over-year comparisons

 Quick Summary

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Monthly Market ReportFort Wayne MSASeptember 2024

Supply

Inventory

Average daily inventory
September 2024
916
Expected range of 1,152–1,274
Month-over-month
+5%
Typical change is about +4%
Year-over-year
+26%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: A listing counts in inventory if its status is active, not pending or sold. Inventory fluctuates constantly, so we calculate the monthly measure as the inventory at the start of each day average across the entire month. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

New Listings

Monthly total by listing date
September 2024
650
Expected range of 579–640
Month-over-month
-7%
Typical change is about -7%
Year-over-year
+1%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Listings may be posted to an MLS system after their listing date. Historically, 92% of listings are posted within three days and 99% within seven days. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Sales

Closed Sales

Monthly total of closed sales
September 2024
514
Expected range of 398–440
Month-over-month
-9%
Typical change is about -14%
Year-over-year
-4%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Sales may be posted to an MLS system after their closing date. Historically, 79% of listings are posted within three days and 96% within seven days. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

New Pending Contracts

Monthly total by pending date
September 2024
529
Expected range of 526–581
Month-over-month
-7%
Typical change is about -15%
Year-over-year
+21%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: While not all pending contracts result in a closed sale, they are a very strong predictor of sales trends five weeks in the future. Pending contracts may be posted to an MLS system after their pending date. Historically, 81% of listings are posted within three days and 92% within seven days. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Market Momentum

Median Days on Market

Days from listing to pending
September 2024
12
Expected range of 8–9
Month-over-month
-14%
Typical change is about +7%
Year-over-year
+85%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: This is calculated as the difference between listing date and pending date. To filter out erroneous data, this filters out listings with a pending date before 2017. There is delay in entering pending dates, so recent months represent only the portion of sales with a pending date. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Months of Inventory

Current supply versus 12-month sales average
September 2024
2.0
Expected range of 0.9–0.9
Month-over-month
+6%
Typical change is about +8%
Year-over-year
+27%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: Months of inventory is calculated as the current month's supply ÷ the average sales per month over the previous 12 months. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Price

Median Sale Price

Median monthly sale price
September 2024
260,000
Expected range of 213,342–235,799
Month-over-month
+2%
Typical change is about -3%
Year-over-year
+6%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. The median price represents the middle value of all properties sold. Half of sales had a higher price and half had a lower price. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Sale Price as Pct. of List Price

Monthly average
September 2024
96.7%
Expected range of 91.5%–93.4%
Month-over-month
-1%
Typical change is about -0%
Year-over-year
-1%
View source and notes...

Last update: Oct. 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Fort Wayne MSA includes Allen County, Wells County, Whitley County.

Demographics

Affordability