ZIP 46970 (Peru, IN) Housing Market & Real Estate Update — February 24, 2026

ZIP 46970 (centered on Peru, Indiana in Miami County) is showing a fairly balanced winter market: prices are up year over year on value indexes, but buyers still have time to compare homes before committing.

Top takeaways

Zillow’s ZIP-level value index is higher year over year, while active inventory is meaningful for a small market.
Listing-side snapshots show roughly around ~70–110 active choices depending on filters, with marketing times around the 10–11 week range.
Recent closed deals were typically slightly under asking in the latest Realtor.com research snapshot, consistent with a balanced market.

Market snapshot (latest available)

Home values: Zillow estimates the typical home value in 46970 at $143,485, up 9.8% year over year (their data through December 31, 2025). Zillow also shows 85 homes in for-sale inventory and a $175,200 median list price on that same date.

Listings and pace: Realtor.com’s ZIP search page currently shows a $146,900 median listing home price with 109 active listings, and an average of about 74 days on market. On Redfin’s ZIP dashboard view, the median listing price is shown around $159K, and it notes homes often take roughly the mid-70s days to sell, with 15 homes sold in the past month.

Negotiation signals: Realtor.com’s market dashboard for 46970 lists a 98% sale-to-list ratio and notes homes sold for about 2.06% below asking on average in December 2025, describing the ZIP as balanced. It also shows a small rental pool (about 8 rentals in the ZIP).

What to watch next (late winter into spring)

Rate sensitivity: Even small rate moves can change affordability in entry-level price bands. Freddie Mac’s weekly average 30-year fixed rate was 6.01% as of February 19, 2026, so many buyers are still running payment math carefully.

Condition still wins: In smaller ZIP markets, the best-presented listings often stand out quickly. If you’re selling, pre-list fixes (roof leaks, plumbing drips, electrical issues, HVAC tune-ups) can reduce inspection friction and help you hold your price.

What’s for sale nearby (no addresses)

A quick scan of active portal inventory in 46970 shows a mix of:

Smaller single-family homes and budget-friendly options that may appeal to first-time buyers or investors.
Mid-range single-family listings where buyers are comparing condition and updates rather than just square footage.
A sprinkling of alternative inventory (multi-family and land/lots) depending on the day and portal filters.

ServiceXTC local pro corner

We attempted to pull 3–5 verified ServiceXTC directory providers specifically tied to ZIP 46970, but did not find a set we could confirm as local to this ZIP in time for today’s update. If you’re a Peru-area home-service pro (inspections, roofing, HVAC, plumbing, electrical, remodeling), consider getting listed so locals can find you when they’re preparing to buy or sell.

Sources

https://www.zillow.com/home-values/78375/peru-in-46970/
https://www.realtor.com/local/market/indiana/zipcode-46970
https://www.realtor.com/realestateandhomes-search/46970
https://www.redfin.com/zipcode/46970/cheap-homes
https://www.reindiana.com/homes-for-sale/208-Washington-Avenue-Peru-IN-46970-414414732
https://servicextc.com/zip-01103-springfield-ma-housing-market-real-estate-update-february-24-2026/

What are you seeing in 46970 right now: more price cuts, more investor activity, or buyers taking their time?