Market Report | August 2022

In August, communities throughout Indiana shared trends of increased average days on market (DOM) and remained relatively consistent in terms of average sales price and number of transactions as compared to July of this year.

In Hamilton County, the average sales price in Carmel was $576,496, a 3.6% decrease month over month. In Fishers, the average days on market jumped to 14 days in August from 10 days in July. In Noblesville, the average sales price increased to $402,096, or by 2.4% month over month. Conversely, Westfield dropped to $459,689 for an average sales price across the 109 transactions that occurred, or a 13.4% decrease from July. In Boone County, Zionsville saw an 80% increase in averages days on the market, going from 10 days in July up to 18 days in August. Additionally, the average sales price rose to $665,473, up 4% from the previous month.

In Washington Township, the number of transactions increased slightly from 203 to 212, and the average sales price decreased by 13.6% to $341,669. In Downtown Indianapolis, the average days on market was nearly cut in half from 120 days in July down to 65 in August.

Fort Wayne remained consistent with a similar average sales price month over month at $249,785, a 2.3% decrease from July and saw homes remain on the market slightly longer, as seen by a 50% increase in average days on market to 12 days in August from 8 days in July. The Kosciusko County Lakes saw a sizable 51.7% average sales price increase to $725,902 across 34 transactions compared to the previous month.

In Northwest Indiana, Valparaiso showed consistent trends with other communities through the Hoosier state, with increased average days on market from 13 days in July to 23 days in August and a slight 3.7% increase in average sales price to $376,364 in August. The NWI Lakefront Beach communities saw a drop in averages sales price to $262,505 or down 20.7% from the previous month.

Read the full report below to learn more about your specific community and reach out to see how our agents can best assist with all of your real estate goals.

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