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Nappanee Housing Market Report May 2025•Elkhart County, Indiana
Housing Prices in Nappanee, IN
How much do homes in Nappanee, IN cost?
Housing Market Conditions
Is Nappanee, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Nappanee is a Neutral Market
Difference Since April 2025
Last month, Nappanee was a Seller's Market.
Insight
Nappanee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$229,000$158/SqFt
+$14,500
+6.8%
Based on all homes sold in May 2025
Insight
Homes in Nappanee have sold for 6.8% more than they did a month ago.
Summary: The median home sold price in Nappanee was $229,000 in May 2025, up 6.8% from last month, and the median price per square foot was $158.
Median Sold Price By Cities
| City | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| Locke Township | $175K | $263.2K | +50.4% |
| Nappanee | $214.5K | $229K | +6.8% |
| Union Township | $254.5K | $194K | -23.8% |
Median Sold Price By Bedrooms
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $194K | N/A |
| 33 Bedrooms | $190K | - | N/A |
| 44 Bedrooms | - | $263.2K | N/A |
| 55+ Bedrooms | $560K | - | N/A |
Summary: Nappanee housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does Nappanee, IN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Nappanee, IN
Housing supply in Nappanee, IN
How many homes are available in Nappanee, IN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthMay 2025 | ||
| 222 months agoApr 2025 | +9.1 % Change MoMApr – May |
Summary: The Nappanee real estate market had 24 homes for sale in May 2025, a 9.1 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthMay 2025 | ||
| 42 months agoApr 2025 | 0.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 6 | +50.0% |
| 33 Bedrooms | 8 | 8 | 0.0% |
| 44 Bedrooms | 6 | 7 | +16.7% |
| 55+ Bedrooms | 4 | 3 | -25.0% |
Summary: Nappanee housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Nappanee, IN cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in Nappanee, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nappanee in May 2025, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for Nappanee, IN
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Nappanee, IN
What homes are available in Nappanee, IN?
Nearby markets
Nearby markets aren't available for Nappanee, IN
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 04/01/2025 - 06/01/2025
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/7/2025, 6:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.