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LAPEL, IN 46051

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

Market Analysis

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

The LAPEL, IN real estate market (46051) currently shows 17 active listings, with 6 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 21 days last year.

The median listing price has fallen 5.9% year-over-year, from $294,750 to $277,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
17
⇧ 30.8% vs 13 last year
Pending
6
35% pending ratio
Median Price
$277,500
⇩ 5.9% vs $294,750 last year
Average Price
$310,521
⇩ 4.7% vs $325,922 last year
Days on Market
61
⇧ 190.5% vs 21 days last year

Price Per Square Foot

Median $/sqft
$170
⇩ 4.5% vs $178/sqft last year
Median Home Size
1,850 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 13 last year
  • Days on market: 61 now vs 21 last year

Median & Average Pricing

Year over Year
  • Median: $277,500 (-5.9% YoY)
  • Average: $310,521 (-4.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.1 miles — 543 listings ($217,460,417 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46051Lapel, IN 460510.0 mi7$2,184,651$295,625$312,093
46011Anderson, IN 460116.2 mi38$11,789,386$295,000$310,247
46048Ingalls, IN 460487.4 mi7$1,525,419$237,500$217,917
46016Anderson, IN 460168.7 mi69$7,545,357$104,725$109,353
46040Fortville, IN 460409.0 mi89$51,969,592$496,999$583,928
46038Fishers, IN 4603811.4 mi97$39,008,647$360,000$402,151
46034Cicero, IN 4603411.9 mi22$15,065,116$559,900$684,778
46030Arcadia, IN 4603012.4 mi10$6,295,500$444,500$629,550
46012Anderson, IN 4601212.9 mi59$18,126,157$182,500$307,223
46236Indianapolis, IN 4623613.4 mi73$35,611,444$364,750$487,828
46256Indianapolis, IN 4625613.9 mi59$23,767,796$304,450$402,844
46154Maxwell, IN 4615414.4 mi1$99,900$99,900$99,900
46216Indianapolis, IN 4621616.1 mi12$4,471,452$385,000$372,621

Frequently Asked Questions

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

As of July 2026, there are 17 active listings in LAPEL, IN (zip code 46051), compared to 13 the prior year.

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

The median listing price in LAPEL, IN 46051 is $277,500 as of July 2026, a 5.9% decrease from $294,750 the prior year.

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

Homes in LAPEL, IN 46051 spend an average of 61 days on the market before going under contract, compared to 21 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 July 2026, LAPEL, IN 46051 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 21 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 $5,550 compared to a typical 5% commission on the median listing price of $277,500. 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.