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Nappanee Housing Market Report April 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 Seller's Market
Difference Since March 2025
Last month, Nappanee has remained a Seller's Market.
Insight
Nappanee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$214,500$169/SqFt
+$7,000
+3.4%
Based on all homes sold in April 2025
Insight
Homes in Nappanee have sold for 3.4% more than they did a month ago.
Summary: The median home sold price in Nappanee was $214,500 in April 2025, up 3.4% from last month, and the median price per square foot was $169.
Median Sold Price By Cities
| City | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| Union Township | $205K | $254.5K | +24.1% |
| Nappanee | $207.5K | $214.5K | +3.4% |
| Locke Township | $200K | $175K | -12.5% |
Median Sold Price By Bedrooms
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | - | N/A |
| 33 Bedrooms | $159K | $190K | +19.5% |
| 44 Bedrooms | $222.4K | - | N/A |
| 55+ Bedrooms | - | $560K | N/A |
Summary: Nappanee housing price by bedroom type for April 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 increased by +19.5%. 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 |
|---|---|---|
| 22Last MonthApr 2025 | ||
| 192 months agoMar 2025 | +15.8 % Change MoMMar – Apr |
Summary: The Nappanee real estate market had 22 homes for sale in Apr 2025, a 15.8 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthApr 2025 | ||
| 42 months agoMar 2025 | +25.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 4 | 0.0% |
| 33 Bedrooms | 6 | 8 | +33.3% |
| 44 Bedrooms | 7 | 6 | -14.3% |
| 55+ Bedrooms | 2 | 4 | +100.0% |
Summary: Nappanee housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Nappanee, IN cost?
Over Asking Price1 Home
At Asking Price2 Homes
Under Asking Price1 Home
Insight
If you're buying a home in Nappanee, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Nappanee in April 2025, up by 25.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.
Days on Market for Nappanee, IN
How long does it take to sell a home in Nappanee, IN?
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 0 DaysLast MonthApr 2025 | ||
| 58 Days1 month agoMar 2025 | 0.0 % Change MoMMar – Apr |
Summary: Homes in Nappanee had an average listing age of 0 days in Apr 2025, down by .0% compared to the previous month.
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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 03/01/2025 - 05/01/2025
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: 5/11/2025, 12:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.