Is Middlebury, IN 46540 a buyer’s or seller’s market?
Middlebury is a seller’s market. With about 3.3 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 43% of U.S. ZIP codes, and #203 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Middlebury housing market right now
In the three months ending August 31, 2026, 17% of homes in Middlebury, IN 46540 sold above their list price, the typical home went under contract in 25 days and there were 3.3 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 21%, homes sold faster (34 days then) and the median sale price fell 2% to $392,330. Overall, Middlebury is about as competitive as it was a year ago.
Within Elkhart County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Middlebury ranks #203 of 306 IN ZIP codes with enough sales (score 44 out of 100).
Nearby, New Paris 46553 (56% sold over asking) and Nappanee 46550 (42% sold over asking) are even more competitive.
Run the numbers for 46540
Nearby markets
Bristol 46507Seller’s market $162 /sq ftElkhart 46514Seller’s market $148 /sq ftElkhart 46516Seller’s market $147 /sq ftElkhart 46517Seller’s market $155 /sq ft Browse all markets →Towns like Middlebury nearby
Find towns like Middlebury in other states →Where Middlebury is
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Questions about Middlebury real estate
Is Middlebury a buyer’s or seller’s market?
A seller’s market: there were 3.3 months of supply in Middlebury, IN 46540 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Middlebury?
The typical home went under contract in 25 days in the latest three months.
Do homes in Middlebury sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Middlebury?
About 0.82% of a home’s value a year in Elkhart County, or roughly $3,280 on a $400,000 home.
What is the median home price in Middlebury?
The median sale price was $392,330 in the three months ending August 31, 2026, about $159 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology