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SHIPSHEWANA, IN 46565

Real Estate Market Report  ·  LaGrange County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇩ 33.3% vs 6 last year
Pending
1
25% pending ratio
Median Price
$402,500
⇧ 94% vs $207,475 last year
Average Price
$449,167
⇧ 98.7% vs $226,105 last year
Days on Market
101
⇧ 68.3% vs 60 days last year

Market Context

Population: 8,627  ·  Density: 52.7/mi²  ·  Median household income: $91,250

Typical home value: $272,310  ·  Homeownership: 84.7%

Market Analysis

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

The SHIPSHEWANA, IN real estate market (46565) currently shows 4 active listings, with 1 pending sales. Homes are averaging 101 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 101 days on market compared to 60 days last year.

The median listing price has risen 94% year-over-year, from $207,475 to $402,500.

Whether you are buying or selling in SHIPSHEWANA, 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: 4 this year vs 6 last year
  • Days on market: 101 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $402,500 (+94% YoY)
  • Average: $449,167 (+98.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.3 miles — 318 listings ($117,725,599 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46565Shipshewana, IN 465650.0 mi4$1,796,668$402,500$449,167
49099White Pigeon, MI 490998.3 mi11$7,034,566$348,900$639,506
49091Sturgis, MI 4909111.5 mi43$12,924,123$247,500$300,561
46543Millersburg, IN 4654311.9 mi2$690,000$345,000$345,000
46507Bristol, IN 4650712.2 mi23$11,383,114$450,000$494,918
46746Howe, IN 4674612.2 mi9$3,089,700$315,000$343,300
46767Ligonier, IN 4676715.8 mi12$3,288,804$259,500$274,067
49032Centreville, MI 4903216.0 mi6$2,225,598$397,900$370,933
46794Wawaka, IN 4679416.9 mi3$918,000$290,000$306,000
49030Burr Oak, MI 4903017.1 mi4$2,371,732$599,900$592,933
46526Goshen, IN 4652618.3 mi36$11,092,248$304,000$308,118
49093Three Rivers, MI 4909319.7 mi53$17,814,678$257,000$336,126
46514Elkhart, IN 4651420.3 mi112$43,096,368$322,450$384,789

Frequently Asked Questions

How many homes are for sale in SHIPSHEWANA, IN 46565?

As of January 2026, there are 4 active listings in SHIPSHEWANA, IN (zip code 46565), compared to 6 the prior year.

What is the median home price in SHIPSHEWANA, IN 46565?

The median listing price in SHIPSHEWANA, IN 46565 is $402,500 as of January 2026, a 94% increase from $207,475 the prior year.

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

Homes in SHIPSHEWANA, IN 46565 spend an average of 101 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in SHIPSHEWANA, IN 46565?

Based on current inventory and days-on-market data as of January 2026, SHIPSHEWANA, IN 46565 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 101 days on market compared to 60 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHIPSHEWANA, IN 46565 save an estimated $8,050 compared to a typical 5% commission on the median listing price of $402,500. 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.