Mitch's Weekly Market Report

Fortville, IN 46040

Single-Family Homes

Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673


Fortville, IN 46040

Tue Oct 20 2026
This week the median list price for Fortville, IN 46040 is $499,115 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 101. Click here to stay informed with the Fortville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fortville, IN 46040

Tue Oct 20 2026
This week the median list price for Fortville, IN 46040 is $499,115 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 101. Click here to stay informed with the Fortville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fortville market.
Median List Price $499,115
Median Price of New Listings $725,000
Per Square Foot $174
Average Days on Market 77
Median Days on Market 56
Price Decreased 62%
Price Increased 6%
Relisted 4%
Inventory 101
Median Rent
Market Action 36
Slight Seller's Advantage

We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$850,000 4,288 0.25 - 0.5 acre 5 4.5 4 2 2 35
$579,000 3,466 0.25 - 0.5 acre 4 3.5 9 2 1 63
$399,000 2,460 8,000 - 10,000 sqft 4 2.5 0 1 4 70
$299,000 1,670 8,000 - 10,000 sqft 3 2 11 2 2 42