Hamilton County home sale prices reach average of $471K
June 2022 was a promising month for central Indiana home buyers with all 16 central Indiana counties experiencing, yet again, significant increases in available housing inventory.
Monthly real estate statistics from F.C. Tucker Company revealed that central Indiana housing inventory increased 61.3 percent compared to this time last year, while pended home sales decreased 6.4 percent compared to June 2021, and year-to-date home sale prices increased 14.4 percent.
The average June home sale price for the 16-county region was $339,489, an increase of 17.8 percent compared to June 2021.
Pended home sales decreased, down 6.4 percent compared to this time last year.
Available housing inventory increased, up 61.3 percent compared to June 2021.
In June 2022, 4,109 central Indiana homes were purchased, down 6.4 percent from the 4,391 sold in June 2021. Specifically:
- Montgomery County showed the greatest increase in pended home sales with 25.5 percent growth compared to June 2021.
- Johnson County pended sales had the greatest decrease with 17.7 percent fewer homes sold in June 2022 compared to this time last year.
The year-to-date sale price of homes in central Indiana continued its upward climb:
- Decatur County recorded the highest average year-to-date home sale price increase at 31.1 percent.
- Boone County had the highest average year-to-date home sale price in the region at $476,403.
- Homes sold in 18 days on average, which is 18.2 percent faster than in 2021. Homes in Shelby County left the market nine days, or 31.0 percent faster than in 2021 – the greatest decrease of the 16-county area.
Central Indiana experienced a 61.3 percent increase in overall available home inventory June 2022, with 1,393 more homes available for sale than in June 2021. All 16 counties saw an inventory increase in June 2022.
- Putnam County had the largest inventory increase – up 178.9 percent compared to June 2021.
“Inventory has increased yet again in June as more new listings enter the market,” said F.C. Tucker Company CEO Jim Litten. “Although home prices are still higher than this time last year, we should start to see some stabilizing trends in the coming months signaling a more even-keeled market with even more available inventory and homes spending more time on the market.”
Of the pended home sales in the region last month, five were priced $2,000,000 or higher; 39 were priced $1,000,000 to $1,999,999; 427 were priced $500,000 to $999,999; 1,284 were priced $300,000 to $499,999; 1,250 were priced $200,000 to $299,999; 904 were priced $100,000 to $199,999; and 200 were priced at $99,999 or less.