Is Wawaka, IN 46794 a buyer’s or seller’s market?
Wawaka is a seller’s market. With about 2.4 months of supply and 25% 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 Wawaka housing market right now
In the three months ending August 31, 2026, 25% of homes in Wawaka, IN 46794 sold above their list price, the typical home went under contract in 50 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, 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 more slowly (8 days then) and the median sale price fell 9% to $227,352. Overall, Wawaka is more competitive than a year ago, so tougher for buyers.
Within Noble County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Rome City 46784 (7% sold over asking) or Kendallville 46755 (14% sold over asking), while Ligonier 46767 (43% sold over asking) is even more competitive.
Run the numbers for 46794
Nearby markets
Albion 46701Seller’s market $146 /sq ftAvilla 46710Seller’s market $151 /sq ftCromwell 46732Seller’s market $166 /sq ftKendallville 46755Seller’s market $152 /sq ft Browse all markets →Towns like Wawaka nearby
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Questions about Wawaka real estate
Is Wawaka a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Wawaka, IN 46794 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 Wawaka?
The typical home went under contract in 50 days in the latest three months.
Do homes in Wawaka sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Wawaka?
About 0.67% of a home’s value a year in Noble County, or roughly $2,680 on a $400,000 home.
What is the median home price in Wawaka?
The median sale price was $227,352 in the three months ending August 31, 2026, about $173 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