Is Peru, IN 46970 a buyer’s or seller’s market?

The Peru housing market right now

In the three months ending August 31, 2026, 17% of homes in Peru, IN 46970 sold above their list price, the typical home went under contract in 28 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold faster (40 days then) and the median sale price fell 12% to $131,943. Overall, Peru is more competitive than a year ago, so tougher for buyers.

Within Miami County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Peru ranks #239 of 306 IN ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Bunker Hill 46914 (0% sold over asking) or Amboy 46911 (0% sold over asking), while Denver 46926 (50% sold over asking) and Mexico 46958 (50% sold over asking) are even more competitive.