Is Lapaz, IN 46537 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lapaz is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list107.1%Sold price ÷ list price

Median days on market2Listing to accepted offer

Median price per sq ft$142▲ +12.4% vs. last year

The Lapaz housing market right now

In the three months ending August 31, 2026, 100% of homes in Lapaz, IN 46537 sold above their list price and the typical home went under contract in 2 days. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (21 days then) and the median sale price fell 33% to $149,935. Overall, Lapaz is more competitive than a year ago, so tougher for buyers.

Within Marshall County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Tyner 46572 (0% sold over asking) or Tippecanoe 46570 (0% sold over asking).

About the area

Marshall County, IN

Population	475
Median income	$64,063
Average income	$61,659
Median home value	$150,300
Median rent	$684/month
Owner-occupied	91% of homes
Median year built	1953

Natural hazard riskTornadoes (moderate), winter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 46537; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 46537

Prefilled for 46537Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46537Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Argos 46501Seller’s market $124 /sq ft Bourbon 46504Seller’s market $168 /sq ft Bremen 46506Seller’s market $137 /sq ft Culver 46511Seller’s market $220 /sq ft Browse all markets →

Where Lapaz is

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Questions about Lapaz real estate

How fast do homes sell in Lapaz?

The typical home went under contract in 2 days in the latest three months.

Do homes in Lapaz sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 107.1% of the list price.

What are property taxes in Lapaz?

About 0.66% of a home’s value a year in Marshall County, or roughly $2,640 on a $400,000 home.

What is the median home price in Lapaz?

The median sale price was $149,935 in the three months ending August 31, 2026, about $142 per square foot.

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More tools for 46537

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Marshall County property taxes Marshall County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology