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LaGrange County and Noble Counties Combined Local Housing Market Statistics
Most areas of the country have seen drops in the number of homes sold and average sales prices. In some of these areas this was preceded by years of explosive and unprecedented growth that priced most buyers right out of the dream of home ownership. The real estate market is an endless cycle of price changes.To make an informed decision about buying or selling a home in our market, you need current local information.
I offer these statistics to give you a general idea of what is going on locally so you can make informed decisions about the sale or purchase of a home. For market analysis of a specific home you would like to buy or sell, contact me and I would be happy to run the numbers for you.
Here are the annual statistics for the two counties combined through the end of 2009 and how they compared to 2008 for the same time period. This includes all single family homes that were listed in our Northeastern Indiana MLS.
2008 2009 % Change
All Homes Sold Avg Price $102,568 $97,063 -5.4%
Number of Homes Sold 420 402 -4.3%
Lake Homes Sold Avg Price $147,638 $158,484 +7.3%
Number of Lake Homes Sold 86 92 +7.0%
558 Residential Properties listed for sale and 167 Lake Properties.
18 Months of Supply Residential Properties 33.4 Months of Supply Lake Properties
The historical data at the bottom of this page will show how prices have changed over the years in LaGrange county. If you are considering buying or selling a home, let me run the numbers in your price range for more accurate results.
When you are making a decision to buy or sell, home appreciation isn't the only thing to consider. You should also consider that mortgage interest rates are historically very low right now. In addition to what you can save in interest cost, you can get more house for the same payment amount. If you are currently a renter, that is a payment every month that will never offer a return on your investment.
Home ownership is not just about investing for potential future profit. It is about investing in the security, stability, and comfort that a home provides for your family. It is about that feeling of pride and sense of accomplishment you feel when you become a homeowner.
All LaGrange County Homes
| Year |
Total Homes Sold |
Avg Sold Price |
Avg DOM |
| 2009 |
182 |
106,701 |
169 |
| 2008 |
145 |
113,271 |
161 |
| 2007 |
181 |
131,902 |
155 |
| 2006 |
237 |
127,817 |
126 |
| 2005 |
269 |
136,423 |
146 |
| 2004 |
234 |
116,657 |
152 |
| 2003 |
232 |
114,412 |
157 |
| 2002 |
200 |
108,171 |
138 |
| 2001 |
183 |
105,092 |
163 |
| 2000 |
211 |
111,557 |
n/a |
| 1999 |
207 |
98,878 |
n/a |
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Lakefront LaGrange County Homes
| Year |
Total Homes Sold |
Avg Sold Price |
Avg DOM |
| 2009 |
43 |
183,501 |
166 |
| 2008 |
26 |
213,578 |
183 |
| 2007 |
45 |
203,317 |
175 |
| 2006 |
47 |
184,712 |
109 |
| 2005 |
69 |
201,433 |
144 |
| 2004 |
45 |
165,125 |
122 |
*These figures are based on data supplied by the Northeastern Indiana Association of REALTORS® Multiple Listing Service for the period starting 01/01/1999 to present. This data may not reflect all real estate activity in the Market and is compiled from information that is input by many members and may contain errors that affect results so the accuracy of these figures can not be guaranteed.
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