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LAPEL, IN 46051

Real Estate Market Report  ·  Madison County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 75% vs 4 last year
Pending
1
14% pending ratio
Median Price
$264,900
⇩ 1.4% vs $268,725 last year
Average Price
$312,758
⇧ 15.3% vs $271,208 last year
Days on Market
117
⇧ 37.6% vs 85 days last year

Market Context

Population: 2,810  ·  Density: 70.0/mi²  ·  Median household income: $71,000

Typical home value: $164,727  ·  Homeownership: 75.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LAPEL, IN real estate market (46051) currently shows 7 active listings, with 1 pending sales. Homes are averaging 117 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 117 days on market compared to 85 days last year.

The median listing price has fallen 1.4% year-over-year, from $268,725 to $264,900.

Whether you are buying or selling in LAPEL, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 4 last year
  • Days on market: 117 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $264,900 (-1.4% YoY)
  • Average: $312,758 (+15.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.1 miles — 540 listings ($218,015,816 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46051Lapel, IN 460510.0 mi7$2,189,306$264,900$312,758
46011Anderson, IN 460116.2 mi40$12,136,600$300,000$303,415
46048Ingalls, IN 460487.4 mi7$2,350,481$262,450$335,783
46016Anderson, IN 460168.7 mi77$8,732,570$104,900$113,410
46040Fortville, IN 460409.0 mi81$50,745,852$499,900$626,492
46038Fishers, IN 4603811.4 mi96$37,825,728$360,000$394,018
46034Cicero, IN 4603411.9 mi20$14,252,500$569,450$712,625
46030Arcadia, IN 4603012.4 mi9$6,304,275$644,500$700,475
46012Anderson, IN 4601212.9 mi65$19,262,750$189,900$296,350
46236Indianapolis, IN 4623613.4 mi67$34,588,884$371,250$516,252
46256Indianapolis, IN 4625613.9 mi60$26,076,360$312,500$434,606
46154Maxwell, IN 4615414.4 mi1$99,900$99,900$99,900
46216Indianapolis, IN 4621616.1 mi10$3,450,610$385,000$345,061

Frequently Asked Questions

How many homes are for sale in LAPEL, IN 46051?

As of January 2026, there are 7 active listings in LAPEL, IN (zip code 46051), compared to 4 the prior year.

What is the median home price in LAPEL, IN 46051?

The median listing price in LAPEL, IN 46051 is $264,900 as of January 2026, a 1.4% decrease from $268,725 the prior year.

How long do homes stay on the market in LAPEL, IN?

Homes in LAPEL, IN 46051 spend an average of 117 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in LAPEL, IN 46051?

Based on current inventory and days-on-market data as of January 2026, LAPEL, IN 46051 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 117 days on market compared to 85 days last year.

How much can I save on real estate commission in LAPEL, IN?

With SELL123.com's maximum 3% commission, sellers in LAPEL, IN 46051 save an estimated $5,298 compared to a typical 5% commission on the median listing price of $264,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.