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Featured local agent — Lapel, IN
Sarah Mitchell
Compass Real Estate · Lapel, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lapel, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Lapel, IN housing market right now?
The median home sale price in Lapel, IN is $210,000, down 59.6% year-over-year. Homes sell in an average of 69 days with 8 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lapel a buyer's or seller's market?
Lapel, IN is currently a seller's market, based on 2.7 months of supply and homes selling in about 69 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
69
Average pace
Active listings
8
2.7 months supply
Sale-to-list
102.3%
Above asking
What does the Lapel housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Median list price | $250,000 |
| Year-over-year price change | -59.6% |
| Average days on market | 69 days |
| Active inventory | 8 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 102.3% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 6 |
| Listings with a price cut | 37.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lapel by property type?
How the Lapel, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $170/sq ft | 3 | 69 days |
Source: Redfin · Updated monthly
The Lapel housing market is currently classified as a seller's market with a median sale price of $210,000. Prices have fallen 59.6% compared to last year, with homes spending an average of 69 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Lapel
There are currently 8 homes listed for sale in Lapel, Indiana. The median listing price is $250K.
Active listings
8
Homes on market
Median list price
$250K
Avg. days on market
69
Days until sale
New this week
6
Newly listed
Who lives in Lapel?
Population
2,568
Median income
$77,563/yr
Median age
36.4 years
Owner-occupied
70.3%
College grads
28.8%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lapel?
Zillow home value
$233,112
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Lapel?
Lapel is a community of approximately 3K residents with a median age of 36.4 years.The median household income is $77,563, which reflects a relatively affluent area with strong earning potential. 28.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lapel offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lapel?
3 schools tracked · 1,491 students
The largest public schools serving Lapel, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lapel Elementary School
Grades PK-5 · 687 students
Lapel Sr High School
Grades 9-12 · 466 students
Lapel Middle School
Grades 6-8 · 338 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lapel, IN?
Want a head-to-head view? Compare Lapel side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lapel?
The median home sale price in Lapel is $210,000, down 59.6% from last year.
How long do homes stay on market in Lapel?
Homes typically spend 69 days on market before going under contract.
What is the median income in Lapel?
The median household income is $77,563 per year.
Is Lapel a buyer's or seller's market?
With 2.7 months of supply, Lapel is currently a seller's market.
What is the Zillow home value estimate for Lapel?
The Zillow Home Value Index (ZHVI) for Lapel is $233,112, representing the typical home value in the area.
How much does a single-family home cost in Lapel?
The median single-family home price in Lapel, IN is $210,000 (about $170 per square foot).
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