Wakarusa, IN Housing Market Update: Tight Inventory, Rates Under 6%
Wakarusa, IN – March 4, 2026 – Inventory remains tight locally with about 1 home for sale; median sale price around $268K over the last 12 months, and mortgage rates just under …
Market activity in Wakarusa, IN remains thin, so small sample sizes can make month-to-month shifts look bigger than they are. Still, the recent picture points to a tight, low-inventory environment where new listings (and pricing strategy) matter.
Top takeaways
- Homes.com shows a median sale price around $268K over the last 12 months, with a median list price near $259K.
- Supply is lean at about 1 home for sale and roughly 0.9 months of supply.
- Freddie Mac’s weekly survey dated 02/26/2026 lists the average 30-year fixed at 5.98% and the 15-year fixed at 5.44%.
Market snapshot
Recent trends show homes taking about 38 days to sell on average, with roughly 14 sales recorded in the past 12 months. Average pricing is about $113 per square foot.
What’s for sale
Zillow currently shows 1 single-family home listed (example: a 3-bed/2-bath home around $259K). If choices feel limited, expanding the search radius into nearby Elkhart County communities may add options without a big commute. Noticing more price cuts, quicker offers, or fewer showings nearby?