120 homes sold in Heritage Lake in the last year, at a typical $331K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Heritage Lake homes are listed.
Every place Heritage Lake homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Heritage Lake.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Heritage Lake’s sales, at a typical $323K (year to May 2026)
120 homes sold in the year to September 2026.
typical sale · 126 sold in the year to May 2026
- Per square foot
- $194IN $148
- Days to sell
- 48
- Sold over asking
- 15%
- Listings with a price cut
- 32%
More homes sell than most years, at 2.4 times the 2016 price
120 sales in the last year, against 137 in 2025 and a low of 70 in 2013. The typical sale went from $141K in 2016 to $331K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $350K buys in Heritage Lake
Check a listing against what Heritage Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Heritage Lake are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Heritage Lake’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 120 sales.
If you’re buying in Heritage Lake
- Shop in March. It brings about 12 new listings a month, close to the busiest month, with fewer bidding wars (12% over asking).
- Offer under asking. Buyers paid 97.8% of the list price on average; 12% paid over.
- You’ll usually have time. Only 30% of homes go under contract within two weeks; the typical one takes 43 days.
Summer brings the homes; fall brings the bidding wars
August has the most new listings (about 13 a month), but September is the most competitive: 29% of September sales close over asking. March offers nearly as much choice with fewer homes bid up (12%). December has the least competition (10%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Indiana as a whole
| Heritage Lake now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 12% | 15% | 30% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 30% | 0% | 43% | 35% |
| Price paid vs. askingAverage sale price ÷ list price | 97.8% | 97.4% | 99.3% | 97.5% |
| Days to sellMedian days from listing to contract | 43 | 71 | 21 | 38 |
23 homes for sale on a typical day
That’s 2.7 times the 2021 low (9), 23% fewer than in 2017–19 and well under 2012’s 47.
Heritage Lake ranks 126th of 146 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Heritage Lake is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Heritage Lake home costs about $1,826 a month
Price: Heritage Lake’s typical sale, last 12 months. Property tax at Heritage Lake’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Heritage Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $331K home, about $1,190 a year.
Taxes vs. neighborsSchools
The schools grade for Heritage Lake, from test results, graduation and how much students grow.
Schools in Heritage LakeTypical commute
The average one-way trip to work for people who live in Heritage Lake.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Greencastle, Danville, Cloverdale, Pittsboro, Monrovia and Avon sell for less a square foot
The busier markets within 25 miles of Heritage Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Avon | 462 | $361K | $160 | 10% | 42 |
| Danville | 310 | $339K | $155 | 14% | 45 |
| Greencastle | 125 | $213K | $134 | 13% | 25 |
| Heritage Lake | 120 | $331K | $201 | 12% | 43 |
| Pittsboro | 72 | $323K | $171 | 27% | 16 |
| Monrovia | 56 | $300K | $149 | 20% | 68 |
| Cloverdale | 34 | $223K | $139 | 23% | 58 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Heritage Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Heritage Lake. People who follow the town see it, and so do people comparing Heritage Lake with their own town. No commission, no listing fee.
Questions about buying a home in Heritage Lake
What do homes sell for in Heritage Lake, IN?
120 homes sold in the year to September 2026 at a typical $331K, $201 a square foot.
Is Heritage Lake a buyer’s or seller’s market?
A seller’s market: 30 homes were for sale in September 2026 and 12 sold, about 2.4 months of supply. Buyers paid 97.8% of asking on average.
When is the best time to buy in Heritage Lake?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Heritage Lake?
About 0.4% of a home’s value a year. On a $331K home that’s near $1,190.
Where can I see homes for sale in Heritage Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Heritage Lake’s MLS listings; the search links above open each one filtered to Heritage Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).