Despite the changing of seasons, the real estate market throughout Indiana saw little change as many trends showed consistency with the previous couple of months, including fewer transactions, lower average sales prices and increased days on market compared to August.
In Hamilton County, the different communities offer a wide range of average sales prices to suit buyers’ budgets. Carmel ($570,112) was down 1.1%, Fishers ($430,092) was down 4.1%, Noblesville ($387,926) was down 3.5%, and Westfield ($470,439) was up 2.3% compared to August. All communities showed around one month of inventory available. In Boone County, the average sales price in Zionsville ($647,917) was up 1.4% from the previous month and showed exactly one month of inventory.
In terms of the luxury market throughout central Indiana, which includes homes above $1 million, the average sales price shot up 32.0% to $1,814,732 in September with 29.3% fewer transactions than the month prior.
In both Washington Township and Downtown Indianapolis, the average sales prices increased. Washington Township ($451,348) up 32.1% and Downtown Indianapolis ($417,222) up by 14.9% with both reporting fewer transactions than August.
Fort Wayne saw 477 transactions, or 5.2% less than August, with an average sales price of $256,688, up 2.8% compared to last month. In the Kosciusko County Lakes region, the average sales price reached $741,514, up 2.2% month over month.
In Northwest Indiana, Valparaiso showed a 7.7% increase to $405,511 for the average sales price, while dropping to 22 average days on market, a decrease of 4.3% from August. The NWI Lakefront Beach communities also saw an uptick in averages sales price to $335,600, or a 27.8% increase from the previous month.
We invite you to 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.