Hamilton County home sale prices reach average of $450K
April 2022 has again proven to be an active month for residential real estate with increases in home prices and listings. Monthly real estate statistics from F.C. Tucker Company revealed that April 2022 pended home sales decreased 5.4 percent compared to April 2021, while year-to-date home sale prices increased 13.2 percent. Central Indiana housing inventory increased 8.5 percent compared to this time last year.
- The average April home sale price for the 16-county central Indiana region was $309,856, an increase of 10.5 percent compared to April 2021.
- Pended home sales decreased, down 5.4 percent compared to this time last year.
- Available housing inventory increased, up 8.5 percent compared to April 2021.
In April 2022, 3,820 central Indiana homes were purchased, down 5.4 percent from the 4,039 sold in April 2021. Specifically:
- Shelby County showed the greatest increase in pended home sales with 51.9 percent growth compared to April 2021.
- Brown County pended sales had the greatest decrease with 34.2 percent fewer homes sold in April 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 32.2 percent.
- Boone County had the highest average home sale price in the region at $452,117.
- Homes sold in 20 days on average, 23.1 percent faster than in 2021. Madison County homes left the market 12 days, or 34.3 percent, faster than in 2021 – the greatest decrease of the 16-county central Indiana area.
Central Indiana experienced an 8.5 percent increase in overall available home inventory April 2022, with 154 more homes available for sale than in April 2021. One county saw an inventory decrease in April 2022, while 15 counties saw increases.
- Boone County had the largest inventory increase – up 144.2 percent compared to April 2021.
- Marion County inventory experienced the greatest decrease in central Indiana – down 20.9 percent – compared to this time last year.
“The continued rise in home prices and increase in inventory indicates a steady seller’s market in April,” F.C. Tucker CEO Jim Litten said. “The increase in inventory was met with an increase of demand from buyers looking to lock in low interest rates in this fast-moving residential real estate market.”
Of the pended home sales in the region last month, four were priced $2,000,000 or higher; 40 were priced $1,000,000 to $1,999,999; 406 were priced $500,000 to $999,999; 1,120 were priced $300,000 to $499,999; 1,154 were priced $200,000 to $299,999; 883 were priced $100,000 to $199,999; and 213 were priced at $99,999 or less.