Is Indianapolis, 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, Indianapolis has remained a Seller's Market.
Housing Prices in Indianapolis, IN
How much do homes in Indianapolis, IN cost?
Median Sold Price
$240,065
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indianapolis was $240,065 in April 2024, up 1.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $159.9K | -1.6% |
2 Bedrooms | $175K | $179.9K | +2.8% |
3 Bedrooms | $230.3K | $235K | +2.0% |
4 Bedrooms | $307.2K | $307.2K | 0% |
5+ Bedrooms | $430.1K | $409.6K | -4.8% |
Summary: Indianapolis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Indianapolis | $235.7K | $240K | +1.8% |
Center Township | $179.9K | $183.2K | +1.8% |
Housing Supply in Indianapolis, IN
How many homes are available in Indianapolis, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,718 | 3,728 | 0.3% |
Summary: The Indianapolis real estate market had 3,728 homes for sale in April 2024, a 0.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 64 | +12.3% |
2 Bedrooms | 852 | 863 | +1.3% |
3 Bedrooms | 1,790 | 1,805 | +0.8% |
4 Bedrooms | 797 | 783 | -1.8% |
5+ Bedrooms | 222 | 213 | -4.1% |
Summary: The Indianapolis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 4.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,046 | 1,089 | +4.1% |
Asking Price vs. Sold Price
493 Homes Were Sold
Under Asking
280 Homes Were Sold
At Asking
316 Homes Were Sold
Over Asking
Summary: A total of 1,089 homes were sold or pending in Indianapolis in April 2024, up by 4.1% month-over-month. Of the 1,089 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +5.8% |
Summary: Homes in Indianapolis had an average of 32 days on market in Apr 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
779 Homes Were Sold
Under 30 Days
164 Homes Were Sold
In 30 - 90 Days
143 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1089 homes were sold in Indianapolis; 72% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.