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TOPEKA, IN 46571

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

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
1
20% pending ratio
Median Price
$259,950
⇩ 9.2% vs $286,250 last year
Average Price
$286,975
⇩ 0.7% vs $288,880 last year
Days on Market
166
⇧ 137.1% vs 70 days last year

Market Context

Population: 6,441  ·  Density: 55.2/mi²  ·  Median household income: $80,036

Typical home value: $311,567  ·  Homeownership: 80.6%

Market Analysis

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

The TOPEKA, IN real estate market (46571) currently shows 5 active listings, with 1 pending sales. Homes are averaging 166 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 166 days on market compared to 70 days last year.

The median listing price has fallen 9.2% year-over-year, from $286,250 to $259,950.

Whether you are buying or selling in TOPEKA, 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: 5 this year vs 6 last year
  • Days on market: 166 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $259,950 (-9.2% YoY)
  • Average: $286,975 (-0.7% 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 21.0 miles — 133 listings ($61,302,982 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46571Topeka, IN 465710.0 mi5$1,434,875$259,950$286,975
46767Ligonier, IN 467677.3 mi12$3,288,804$259,500$274,067
46565Shipshewana, IN 465658.8 mi4$1,796,668$402,500$449,167
46761Lagrange, IN 4676110.2 mi17$7,865,900$239,000$462,700
46795Wolcottville, IN 4679510.8 mi13$4,529,980$345,000$348,460
46732Cromwell, IN 4673213.8 mi5$1,403,500$234,450$280,700
46746Howe, IN 4674614.8 mi9$3,089,700$315,000$343,300
46701Albion, IN 4670115.7 mi11$2,210,527$200,000$200,957
49099White Pigeon, MI 4909916.8 mi11$7,034,566$348,900$639,506
46507Bristol, IN 4650717.5 mi23$11,383,114$450,000$494,918
46555North Webster, IN 4655518.1 mi8$6,127,680$529,950$765,960
46747Hudson, IN 4674720.3 mi4$7,325,200$459,000$1,831,300
49042Constantine, MI 4904221.0 mi11$3,812,468$350,000$346,588

Frequently Asked Questions

How many homes are for sale in TOPEKA, IN 46571?

As of January 2026, there are 5 active listings in TOPEKA, IN (zip code 46571), compared to 6 the prior year.

What is the median home price in TOPEKA, IN 46571?

The median listing price in TOPEKA, IN 46571 is $259,950 as of January 2026, a 9.2% decrease from $286,250 the prior year.

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

Homes in TOPEKA, IN 46571 spend an average of 166 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in TOPEKA, IN 46571?

Based on current inventory and days-on-market data as of January 2026, TOPEKA, IN 46571 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 166 days on market compared to 70 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TOPEKA, IN 46571 save an estimated $5,199 compared to a typical 5% commission on the median listing price of $259,950. 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.