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WAKARUSA, IN 46573

Real Estate Market Report  ·  Saint Joseph County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WAKARUSA, IN real estate market (46573) currently shows 3 active listings, with 1 pending sales. Homes are averaging 119 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 119 days on market compared to 34 days last year.

The median listing price has risen 17.9% year-over-year, from $258,175 to $304,450.

Whether you are buying or selling in WAKARUSA, 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: 3,874  ·  Density: 43.4/mi²  ·  Median household income: $80,071

Typical home value: $197,872  ·  Homeownership: 90.1%

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
1
33% pending ratio
Median Price
$304,450
⇧ 17.9% vs $258,175 last year
Average Price
$304,450
⇧ 17.9% vs $258,175 last year
Days on Market
119
⇧ 250% vs 34 days last year

Price Per Square Foot

Median $/sqft
$170
⇩ 7.1% vs $183/sqft last year
Median Home Size
1,528 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 119 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $304,450 (+17.9% YoY)
  • Average: $304,450 (+17.9% 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 16.7 miles — 335 listings ($126,372,721 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46573Wakarusa, IN 465730.0 mi2$694,000$347,000$347,000
46517Elkhart, IN 465176.7 mi38$13,424,640$296,224$353,280
46506Bremen, IN 465067.7 mi13$5,762,926$327,500$443,302
46526Goshen, IN 465269.2 mi40$12,448,520$301,175$311,213
46545Mishawaka, IN 4654511.5 mi39$11,792,820$271,850$302,380
46536Lakeville, IN 4653611.8 mi7$2,702,469$359,900$386,067
46614South Bend, IN 4661412.2 mi85$30,648,110$259,225$360,566
46601South Bend, IN 4660113.4 mi12$2,284,500$219,900$190,375
46617South Bend, IN 4661713.5 mi49$33,287,268$478,250$679,332
46542Milford, IN 4654214.0 mi13$4,303,065$322,150$331,005
46635South Bend, IN 4663514.3 mi21$5,428,353$248,200$258,493
46616South Bend, IN 4661615.2 mi10$2,468,050$198,750$246,805
46504Bourbon, IN 4650416.7 mi6$1,128,000$189,500$188,000

Frequently Asked Questions

How many homes are for sale in WAKARUSA, IN 46573?

As of March 2026, there are 3 active listings in WAKARUSA, IN (zip code 46573), compared to 5 the prior year.

What is the median home price in WAKARUSA, IN 46573?

The median listing price in WAKARUSA, IN 46573 is $304,450 as of March 2026, a 17.9% increase from $258,175 the prior year.

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

Homes in WAKARUSA, IN 46573 spend an average of 119 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in WAKARUSA, IN 46573?

Based on current inventory and days-on-market data as of March 2026, WAKARUSA, IN 46573 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 119 days on market compared to 34 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAKARUSA, IN 46573 save an estimated $6,089 compared to a typical 5% commission on the median listing price of $304,450. 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.