Summer in central Indiana is coming to a close with an active residential real estate market.
August pended home sales and available housing inventory increased, and sale prices remained steady. According to F.C. Tucker Company, part of the Howard Hanna family of companies:
- Pended home sales increased 1.8 percent compared to August 2024.
- Available housing inventory increased 20.2 percent compared to August 2024.
- Homes spent three days longer on the market than this time last year, selling in 15 days.
- Compared to August 2024, the median home sale price for the 16-county central Indiana region increased 3.3 percent to $315,000.
In Noblesville in August:
- The median home sale price increased 2.7 percent to $380,000.
- The median price per square foot increased 1.7 percent to $181.
- Homes sold in 23 days on average.
- Closed home sales decreased 8.6 percent, with eight fewer homes sold compared to this time last year.
In Hamilton County in August:
- Pended home sales increased 4.9 percent compared to last August.
- Available inventory increased 25.1 percent.
- Homes sold in just 11 days on average.
- The median home sale price increased 3.7 percent to $456,274 – the highest average home sale price of all the central Indiana counties.
“The end of summer usually prompts a quieter residential real estate market, but August’s market remained strong with sales and inventory both increasing and prices remaining stable,” F.C. Tucker Company President Jim Litten said. “Another boost in inventory for the sixth consecutive month combined with a decrease in mortgage rates signals an unusually active fall real estate market in central Indiana.”