Fort Wayne Housing Market Update – Spring 2025
The Fort Wayne real estate market is off to a dynamic start in 2025. Whether you’re thinking of buying, selling, or investing, here’s what you need to know about the current trends and where things are heading.
1. Prices Continue to Rise (But at a Sustainable Pace)
After a few years of rapid appreciation, home prices in Fort Wayne are still rising — but the growth is stabilizing. As of April 2025, the median home price sits around $235,000, up about 4.8% from this time last year.
This is great news for sellers, but buyers can still find value compared to larger markets.
2. Inventory Is Increasing
We’re seeing more listings hit the market this spring, especially in neighborhoods like Southwest Allen County, Northwest Fort Wayne, and parts of Leo-Cedarville.
This gives buyers more options — and reduces the ultra-competitive bidding wars we saw in 2022–2023.
Pro Tip: Homes that are priced right and move-in ready are still selling quickly — usually within 10–15 days.
3. Interest Rates & Affordability
Interest rates have stabilized in the mid-6% range, which has encouraged more buyers to re-enter the market. If you’re thinking about buying, now is a smart time to get pre-approved before any potential rate hikes.
What This Means for You
Thinking of Selling?
Now’s a great time to list while demand remains high and inventory is still catching up. Curb appeal, pricing strategy, and marketing are key to standing out.
Thinking of Buying?
You’ve got more choices this spring, but competition is still healthy. Working with a local expert who knows how to write strong offers (that protect your interests) is essential.
Let’s Talk Strategy
Whether you’re just browsing or you’re ready to take the next step, we'd love to help you navigate the Fort Wayne market with confidence.
Reach out anytime for a free consultation!
Morken Real Estate 260-303-7777
