Median home prices keep climbing in Hamilton County, but fall in Noblesville

Increased sales, homes selling at a brisk pace, and another significant bump in inventory led to a robust May central Indiana residential real estate market.

In Noblesville in May:

• Closed home sales increased 12.9 percent, compared to May 2024.
• Homes sold in just nine days on average, remaining on the market four days longer than in May of 2024.
• The median home sale price decreased 1.7 percent to $413,000 compared to this time last year
• The median price per square foot for a Noblesville home increased 4.8 percent to $173.

In Hamilton County in May:

• Pended home sales increased 3.8 percent, compared to May 2024.
• Homes sold in just seven days on average, leaving the market in the same amount of time as May of 2024.
• Inventory increased 31.4 percent countywide.
• The median home sale price increased 4.9 percent to $461,503.

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According to F.C. Tucker Company, part of the Howard Hanna family of companies, elsewhere across central Indiana:

• Pended home sales increased 8.1 percent compared to May 2024.
• Available housing inventory increased 41.1 percent compared to May 2024.
• Homes spent three days, or 27.3 percent, longer on the market than this time last year.
• Compared to May 2024, the median home sale price for the 16-county central Indiana region increased only slightly – up 0.9 percent to $320,000.

In May 2025, 3,416 central Indiana homes were purchased, an increase of 8.1 percent from the 3,161 sold in May 2024. All but three central Indiana counties saw increases in pended home sales.

• Decatur County had the greatest increase in pended home sales in May 2025, up 54.2 percent compared to this time last year.
• Jackson County pended sales had the greatest decrease, with 37.8 percent fewer homes sold compared to May 2024.

Central Indiana year-to-date home sale prices increased 3.7 percent overall.

• Bartholomew County recorded the highest year-to-date median home sale price decrease, down 0.9 percent.
• Hamilton County had the highest year-to-date median home sale price in the region at $461,503.
• Homes sold in 14 days, spending three days, or 27.3 percent, longer on the market than May 2024. Boone County homes sold 27.3 percent faster than this time last year, the greatest increase in central Indiana.

Central Indiana experienced a 41.1 percent increase in overall available home inventory in May 2025, compared to May 2024, with 1,584 more homes available for sale.

• Jackson County had the largest inventory increase – up 79.5 percent compared to May 2024.
• All 16 central Indiana counties had inventory increases in May. Johnson County had the smallest inventory increase – up 25.2 percent compared to this time last year.

“While it took a little longer this year, we definitely saw the spring central Indiana residential real estate market kick into high gear in May, with sales and inventory both increasing,” Litten said. “Mortgage rates remain relatively unchanged and central Indiana housing prices have flattened, creating an attractive market for prospective home buyers.”

Of the pended home sales in the region last month, 10 were priced $2,000,000 or higher; 76 were priced $1,000,000 to $1,999,999; 522 were priced $500,000 to $999,999; 1,219 were priced $300,000 to $499,999; 967 were priced $200,000 to $299,999; 534 were priced $100,000 to $199,999; and 88 were priced at $99,999 or less.

Editor’s notes

• All statistics were compiled by F.C. Tucker Company from a report drawn from BLC® statistics on June 7, 2025. Because of delayed processing through other agencies or boards, these numbers are subject to change.
• Effective with January 2025 reporting, in order to provide a more reliable measurement of sales price, median sales price will replace average sales price in monthly reporting.
• “Pending” means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.
• “Active Listings – Inventory” is a snapshot frozen in time at the end of the stated month. Per MIBOR, effective April 1, 2018, “Active with Contingency” no longer is a status in the BLC® listing service in order to present a true picture in advertising and marketing. Those listings that were in the “Active with Contingency” status have been moved from the “Active” status to the “Pending” status.
• For this report, F.C. Tucker tracks the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby. The first report tracking Jackson County data was pulled Aug. 7, 2019.