Peru, IN Housing Market & Real Estate Update (Feb. 27, 2026)
Peru, IN – February 27, 2026 – Local market signals are mixed: values up year over year, but sale prices dipped and days on market remain elevated.
Peru, IN housing data points into late 2025 and January 2026 suggest a steadier, more price-sensitive market than a year ago, with buyers taking more time to commit.
Top takeaways
- Sale prices: Redfin shows a January 2026 median sale price around $153K, down about 4.7% year over year.
- Home values: Zillow’s typical home value is about $144K, up about 10.4% over the past year (data through Jan. 31, 2026).
- Balance check: Realtor.com characterizes December 2025 as balanced locally, with a sale-to-list ratio near 98%.
Market snapshot
On Redfin, homes averaged about 55 days on market in January 2026 (faster than last year), and 10 homes sold that month. That pacing reinforces the “buyers are taking more time” theme: even with some improvement versus last year, the market still reads as measured rather than frantic.
Inventory signals vary by source, but Zillow reported roughly 81 homes for sale and 16 new listings as of Jan. 31, 2026. On Realtor.com’s overview, the median list price is about $154K, and the median rent is about $1,100.
What’s for sale right now
- Entry-level single-family homes: around the mid-$150Ks, often 2–3 bedrooms.
- Larger homes: 4-bedroom homes commonly list in the high-$170Ks to around $200K range.
For buyers, the mix of higher typical values (per Zillow) alongside a lower median sale price (per Redfin) is a reminder to compare list prices, recent closes, and time-on-market property by property. For sellers, the balanced framing and near-98% sale-to-list ratio suggest pricing discipline matters, especially if a home sits longer than expected.
What are you seeing locally: more price cuts, more investor activity, or buyers waiting for better rates?