Is Carmel, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Carmel has remained a Seller's Market.
Housing Prices in Carmel, IN
How much do homes in Carmel, IN cost?
Median Sold Price
$521,666
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Carmel was $521,666 in April 2024, up 6.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.9K | $180K | +7.2% |
2 Bedrooms | $295K | $337K | +14.2% |
3 Bedrooms | $400K | $414.8K | +3.7% |
4 Bedrooms | $507K | $549.6K | +8.4% |
5+ Bedrooms | $781.5K | $840K | +7.5% |
Summary: Carmel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Clay Township | $476.9K | $522.5K | +9.6% |
Carmel | $489.9K | $521.6K | +6.5% |
Delaware Township | $325K | $338.8K | +4.3% |
Westfield | $432.5K | $445.3K | +2.9% |
Fishers | $385K | $393K | +2.1% |
Housing Supply in Carmel, IN
How many homes are available in Carmel, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
334 | 368 | +10.2% |
Summary: The Carmel real estate market had 368 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 124 | 134 | +8.1% |
4 Bedrooms | 109 | 126 | +15.6% |
5+ Bedrooms | 64 | 67 | +4.7% |
Summary: The Carmel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 123 | +24.2% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Carmel in April 2024, up by 24.2% month-over-month. Of the 123 sold homes, 41% were sold under asking, 26% were sold at asking, and 33% were sold over asking.
Days on Market for Carmel, IN
How long does it take to sell a home in Carmel, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | -43 Days | -288.4% |
Summary: Homes in Carmel had an average of -43 days on market in Apr 2024, down by 288.4% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 123 homes were sold in Carmel; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.