Published October 18, 2026 in Market Update

One part of Mishawaka stayed very tight, even with more listings

By Aaron Francis

Real estate, Mishawaka, IN

The tightest corner of Mishawaka is ZIP 46545. The Real Estate Data Aggregator counted just 1.3 months of supply there in the three months ending August 31, 2026. That is the number that changes what a seller should do: even with more listings coming in, buyers still have very little to choose from.

Nationally, Realtor.com reported active listings reached 1.16 million homes for sale. That is a lot of supply in many places. Mishawaka is not one of those places.

ZIP 46545: More listings came in, but buyers still competed hard

The Real Estate Data Aggregator found that new listings in 46545 rose 21.1% compared with the same three months of 2025. More homes came to market. Even so, supply barely moved. It was up just 0.3 months from a year before, according to the Real Estate Data Aggregator.

Buyers felt that pressure. The Real Estate Data Aggregator counted 45.3% of homes in 46545 selling above list price. That share jumped 12.4 points from a year before. Sellers there averaged 100.8% of their asking price, up 1.3 points year over year.

The Real Estate Data Aggregator also found that 65.1% of homes in 46545 went under contract within two weeks of listing. That is still nearly two in three homes moving in the first two weeks. Not every home sold that fast, but most did.

ZIP 46544: Steady prices, homes still moving quickly

ZIP 46544 had a bit more supply. The Real Estate Data Aggregator put months of supply there at 1.7, up just 0.1 months from a year before. Still very low. Sellers there saw 40.2% of homes sell above list price, up 2 points year over year.

The Real Estate Data Aggregator counted 122 homes sold in 46544 during the three months ending August 31, 2026. That was down 10.3% from the same period in 2025. Fewer sales, but prices held. The median sale price came in at $212,450, up 3.1% from a year before.

Days on market in 46544 did tick up, 6 days longer than a year before. That is a small, honest shift worth knowing. Homes still sold in a median of 16 days, according to the Real Estate Data Aggregator. That is fast by any measure.

How the two ZIP codes compare

The wider picture: rates and national supply

Realtor.com reported that mortgage rates topped 7% for the first time since January 2025. That is slowing buyers in many markets. It has not stopped Mishawaka buyers from competing. The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Mishawaka's 46545 outpaced that, up 4.7% in the same window.

Nationally, Realtor.com found price cuts hit 20.8% of listings in September, the highest share since October 2022. In Mishawaka's two ZIP codes, sellers averaged between 99.7% and 100.8% of their asking price. Price cuts were not the story here.

One street can tell a very different story from the whole ZIP code. A block with a lot of new listings, or one with almost none, will feel nothing like the averages above. If you want to know what the numbers say about your specific address, text me.