Noblesville’s residential real estate market quiets, home prices increasing

Submitted

January’s residential real estate market was quieter in Noblesville compared to the rest of Hamilton County, with sale prices continuing to increase.

In Noblesville:

• Closed home sales decreased 4.8 percent.
• Noblesville homes spent 20 days longer on the market compared to this time last year.
• Home sale prices increased 21.5 percent to a median sale price of $410,000.
• The median price per square foot of a home in Noblesville also increased 4.4 percent to $165.

In Hamilton County:

• Pended home sales increased 7.8 percent.
• Homes spent six days longer on the market than this time last year.
• Home sale prices increased 5.7 percent to a median sale price of $443,997.
• Available inventory increased 5.6 percent.

“We typically expect to see a slower market at the beginning of a new year just after the holiday season, and this year is no exception,” F.C. Tucker Company President Jim Litten said. “However, the continued increase of available inventory means prospective buyers will have a robust select of homes to choose from during the busier spring season.”