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Featured local agent — Winona Lake, IN
Sarah Mitchell
Compass Real Estate · Winona Lake, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Winona Lake, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$330,000median sale price
How is the Winona Lake, IN housing market right now?
The median home sale price in Winona Lake, IN is $330,000, up 31.5% year-over-year. Homes sell in an average of 19 days with 16 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 Winona Lake a buyer's or seller's market?
Winona Lake, IN is currently a seller's market, based on 1.6 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
19
Fast-moving
Active listings
16
1.6 months supply
Sale-to-list
97.8%
Below asking
What does the Winona Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $330,000 |
| Median list price | $354,900 |
| Year-over-year price change | +31.5% |
| Average days on market | 19 days |
| Active inventory | 16 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $210/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Winona Lake by property type?
How the Winona Lake, 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 | $350,000 | $208/sq ft | 9 | 21 days |
| Condo / Co-op | $310,000 | $264/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Winona Lake housing market is currently classified as a seller's market with a median sale price of $330,000. Prices have risen 31.5% compared to last year, with homes spending an average of 19 days on market, indicating 1.6 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 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Winona Lake
There are currently 16 homes listed for sale in Winona Lake, Indiana. The median listing price is $355K.
Active listings
16
Homes on market
Median list price
$355K
Avg. days on market
19
Days until sale
New this week
6
Newly listed
Who lives in Winona Lake?
Population
5,073
Median income
$97,813/yr
Median age
28 years
Owner-occupied
65.6%
College grads
50.8%
Avg commute
14.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Winona Lake?
Zillow home value
$309,665
Zillow rent index
$1,208/mo
Price-to-rent ratio
21.4x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Winona Lake?
Winona Lake is a community of approximately 5K residents with a median age of 28 years.The median household income is $97,813, which reflects a relatively affluent area with strong earning potential. 50.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 14.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Winona Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Winona Lake?
1 schools tracked · 461 students
The largest public schools serving Winona Lake, 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.
Jefferson Elementary School
Grades PK-6 · 461 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 Winona Lake, IN?
Want a head-to-head view? Compare Winona Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Winona Lake a good real estate investment market?
For investors evaluating Winona Lake, the price-to-rent ratio of 21.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 31.5% 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 Winona Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Winona Lake's median home price.
Frequently asked questions
What is the average home price in Winona Lake?
The median home sale price in Winona Lake is $330,000, up 31.5% from last year.
How long do homes stay on market in Winona Lake?
Homes typically spend 19 days on market before going under contract.
What is the median income in Winona Lake?
The median household income is $97,813 per year.
Is Winona Lake a buyer's or seller's market?
With 1.6 months of supply, Winona Lake is currently a seller's market.
What is the Zillow home value estimate for Winona Lake?
The Zillow Home Value Index (ZHVI) for Winona Lake is $309,665, representing the typical home value in the area.
What is the median condo price in Winona Lake?
The median condo/co-op sale price in Winona Lake, IN is $310,000, compared to $350,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Winona Lake?
The median single-family home price in Winona Lake, IN is $350,000 (about $208 per square foot).
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