Is South Whitley, IN 46787 a buyer’s or seller’s market?
South Whitley is a seller’s market. With about 1.6 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.
The South Whitley housing market right now
In the three months ending August 31, 2026, 17% of homes in South Whitley, IN 46787 sold above their list price, the typical home went under contract in 6 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (29 days then) and the median sale price fell 1% to $193,916. Overall, South Whitley is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Larwill 46764 (0% sold over asking), while Columbia City 46725 (20% sold over asking) and Churubusco 46723 (20% sold over asking) are even more competitive.
Run the numbers for 46787
Nearby markets
Churubusco 46723Seller’s market $167 /sq ftColumbia City 46725Seller’s market $173 /sq ftLarwill 46764Seller’s market $56 /sq ft Browse all markets →Towns like South Whitley nearby
Find towns like South Whitley in other states →Where South Whitley is
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Questions about South Whitley real estate
Is South Whitley a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in South Whitley, IN 46787 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 South Whitley?
The typical home went under contract in 6 days in the latest three months.
Do homes in South Whitley sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in South Whitley?
About 0.70% of a home’s value a year in Whitley County, or roughly $2,800 on a $400,000 home.
What is the median home price in South Whitley?
The median sale price was $193,916 in the three months ending August 31, 2026, about $126 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