Is Lucerne, IN 46950 a buyer’s or seller’s market?
Lucerne is a seller’s market. With about 3.2 months of supply and 0% 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 Lucerne housing market right now
In the three months ending August 31, 2026, 0% of homes in Lucerne, IN 46950 sold above their list price, the typical home went under contract in 128 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 50%, homes sold more slowly (23 days then) and the median sale price rose 42% to $294,872. Overall, Lucerne is less competitive than a year ago, which gives buyers more room.
Within Cass County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Twelve Mile 46988 (50% sold over asking) and Royal Center 46978 (29% sold over asking) are even more competitive.
Run the numbers for 46950
Nearby markets
Galveston 46932Seller’s market $128 /sq ftLogansport 46947Balanced $113 /sq ftNew Waverly 46961 — /sq ftRoyal Center 46978Seller’s market $119 /sq ft Browse all markets →Where Lucerne is
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Questions about Lucerne real estate
Is Lucerne a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Lucerne, IN 46950 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 Lucerne?
The typical home went under contract in 128 days in the latest three months.
Do homes in Lucerne sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Lucerne?
About 0.68% of a home’s value a year in Cass County, or roughly $2,720 on a $400,000 home.
What is the median home price in Lucerne?
The median sale price was $294,872 in the three months ending August 31, 2026, about $133 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