Mitch's Weekly Market Report

Fortville, IN 46040

Single-Family Homes

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


Fortville, IN 46040

Sat Jul 04 2026
This week the median list price for Fortville, IN 46040 is $490,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 95. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Fortville, IN 46040

Sat Jul 04 2026
This week the median list price for Fortville, IN 46040 is $490,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 95. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Fortville market.
Median List Price $490,000
Median Price of New Listings $350,000
Per Square Foot $175
Average Days on Market 52
Median Days on Market 28
Price Decreased 43%
Price Increased 3%
Relisted 2%
Inventory 95
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$863,877 4,520 0.25 - 0.5 acre 5 4.5 1 3 3 45
$542,500 3,095 0.25 - 0.5 acre 4 3.3 5 3 1 31
$395,867 2,445 8,000 - 10,000 sqft 4 2.5 4 1 2 28
$291,000 1,530 8,000 - 10,000 sqft 3 2 52 8 1 14