Is Leesburg, IN 46538 a buyer’s or seller’s market?

The Leesburg housing market right now

In the three months ending August 31, 2026, 20% of homes in Leesburg, IN 46538 sold above their list price, the typical home went under contract in 46 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (42 days then) and the median sale price fell 7% to $384,433. Overall, Leesburg is less competitive than a year ago, which gives buyers more room.

Within Kosciusko County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Leesburg ranks #206 of 306 IN ZIP codes with enough sales (score 43 out of 100).

Nearby, buyers who want less competition could look at North Webster 46555 (0% sold over asking) or Milford 46542 (8% sold over asking), while Etna Green 46524 (50% sold over asking) and Warsaw 46580 (27% sold over asking) are even more competitive.