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Featured local agent — Pendleton, IN
Sarah Mitchell
Compass Real Estate · Pendleton, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pendleton, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$357,742median sale price
How is the Pendleton, IN housing market right now?
The median home sale price in Pendleton, IN is $357,742, up 2.8% year-over-year. Homes sell in an average of 91 days with 27 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 Pendleton a buyer's or seller's market?
Pendleton, IN is currently a seller's market, based on 1.7 months of supply and homes selling in about 91 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
91
Average pace
Active listings
27
1.7 months supply
Sale-to-list
99.2%
Below asking
What does the Pendleton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $357,742 |
| Median list price | $360,495 |
| Year-over-year price change | +2.8% |
| Average days on market | 91 days |
| Active inventory | 27 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 12 |
| Listings with a price cut | 37.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Pendleton by property type?
How the Pendleton, 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 | $360,483 | $168/sq ft | 15 | 117 days |
| Condo / Co-op | $363,000 | $197/sq ft | 1 | 6 days |
Source: Redfin · Updated monthly
The Pendleton housing market is currently classified as a seller's market with a median sale price of $357,742. Prices have risen 2.8% compared to last year, with homes spending an average of 91 days on market, indicating 1.7 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Pendleton
There are currently 27 homes listed for sale in Pendleton, Indiana. The median listing price is $360K.
Active listings
27
Homes on market
Median list price
$360K
Avg. days on market
91
Days until sale
New this week
12
Newly listed
Who lives in Pendleton?
Population
5,115
Median income
$87,971/yr
Median age
39 years
Owner-occupied
69.6%
College grads
37.5%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Pendleton?
Zillow home value
$342,428
Zillow rent index
$2,068/mo
Price-to-rent ratio
13.8x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Pendleton?
Pendleton is a community of approximately 5K residents with a median age of 39 years.The median household income is $87,971, which reflects a relatively affluent area with strong earning potential. 37.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 69.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 22 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pendleton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pendleton?
6 schools tracked · 4,487 students
The largest public schools serving Pendleton, 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.
Pendleton Heights High School
Grades 9-12 · 1,353 students
Pendleton Elementary School
Grades PK-6 · 870 students
Maple Ridge Elementary School
Grades PK-6 · 716 students
Pendleton Heights Middle School
Grades 7-8 · 697 students
East Elementary School
Grades K-6 · 671 students
Pendleton Juvenile Correctional
Grades 5-12 · 180 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 Pendleton, IN?
Want a head-to-head view? Compare Pendleton side-by-side with any other U.S. city using our market-comparison tool.
Is Pendleton a good real estate investment market?
For investors evaluating Pendleton, the price-to-rent ratio of 13.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 2.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pendleton's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pendleton's median home price.
Frequently asked questions
What is the average home price in Pendleton?
The median home sale price in Pendleton is $357,742, up 2.8% from last year.
How long do homes stay on market in Pendleton?
Homes typically spend 91 days on market before going under contract.
What is the median income in Pendleton?
The median household income is $87,971 per year.
Is Pendleton a buyer's or seller's market?
With 1.7 months of supply, Pendleton is currently a seller's market.
What is the Zillow home value estimate for Pendleton?
The Zillow Home Value Index (ZHVI) for Pendleton is $342,428, representing the typical home value in the area.
What is the median condo price in Pendleton?
The median condo/co-op sale price in Pendleton, IN is $363,000, compared to $360,483 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pendleton?
The median single-family home price in Pendleton, IN is $360,483 (about $168 per square foot).
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