Is Indianapolis, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Indianapolis has remained a Seller's Market.
Housing Prices in Indianapolis, IN
How much do homes in Indianapolis, IN cost?
Median Sold Price
$242,511
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Indianapolis was $242,511 in June 2024, up 3.1% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.4K | $176.5K | +14.3% |
2 Bedrooms | $175K | $180K | +2.9% |
3 Bedrooms | $230K | $236.9K | +3.0% |
4 Bedrooms | $304.5K | $311.3K | +2.2% |
5+ Bedrooms | $416.3K | $405K | -2.7% |
Summary: Indianapolis housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Indianapolis | $235.1K | $242.5K | +3.1% |
Center Township | $179.8K | $184.8K | +2.8% |
Housing Supply in Indianapolis, IN
How many homes are available in Indianapolis, IN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4,019 | 3,983 | -0.9% |
Summary: The Indianapolis real estate market had 3,983 homes for sale in June 2024, a 0.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 55 | 62 | +12.7% |
2 Bedrooms | 873 | 838 | -4.0% |
3 Bedrooms | 1,944 | 1,959 | +0.8% |
4 Bedrooms | 874 | 881 | +0.8% |
5+ Bedrooms | 273 | 243 | -11.0% |
Summary: The Indianapolis housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 11%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,153 | 1,020 | -11.5% |
Asking Price vs. Sold Price
462 Homes Were Sold
Under Asking
273 Homes Were Sold
At Asking
285 Homes Were Sold
Over Asking
Summary: A total of 1,020 homes were sold or pending in Indianapolis in June 2024, down by 11.5% month-over-month. Of the 1,020 sold homes, 45% were sold under asking, 27% were sold at asking, and 28% were sold over asking.
Days on Market for Indianapolis, IN
How long does it take to sell a home in Indianapolis, IN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 28 Days | +64.6% |
Summary: Homes in Indianapolis had an average of 28 days on market in Jun 2024, up by 64.6% compared to last year.
Breakdown of Home Sale Times
748 Homes Were Sold
Under 30 Days
188 Homes Were Sold
In 30 - 90 Days
82 Homes Were Sold
Over 90 Days
Summary: During June 2024, 1020 homes were sold in Indianapolis; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.