We analyzed 12 months of sales from September 2023 to August 2024 to see if homes were under contract faster when listing prices were closer to the sale price. When the listing price was on target, 75% of homes sold in 14 days. Listings that have to come down in by price by even 5% can stay on the market for weeks.

In larger cities across Indiana, older homes in neighborhoods near downtowns have experienced significant increases in sale price and volume over the past five years – leading a trend of rising home values and an overall price premium for walkable neighborhoods in urbanized counties.

Four out of five Hoosier households live in a metropolitan area. We explore market trends using the latest April 2024 data.

Four out of five Hoosier households live in a metropolitan area. We explore market trends using the latest April 2024 data.

Using MLS sales and price data, we’ve created a statewide map showing home price changes through 2023 in half-mile ‘neighborhood-scale’ areas. This is a great way to see how property values are changing if you are considering buyer or buying or selling a home – but for current homeowners, it’s also a way to evaluate the accuracy of 2024 property tax assessments.

Using MLS sales and price data, we’ve created a statewide map showing home price changes through 2023 in half-mile ‘neighborhood-scale’ areas. This is a great way to see how property values are changing if you are considering buyer or buying or selling a home – but for current homeowners, it’s also a way to evaluate the accuracy of 2024 property tax assessments.

With almost two months of 2024 behind us, we compare the first eight weeks of this year and last year.

Each week, compare rates, listings, pending sales, and closings to our weekly projections.

Facing rising interest rates through most of 2023, Indiana's housing market cooled to the lowest number of sales since 2012 and fewer listings than any time since IAR began tracking. Still, with the year-over-year sales gap closing in the fall and interest rates falling, there is reason to be optimistic about 2024.

Sales decline 8% across the state, but these 10 ZIP Codes had at least 30 sales and grew by at least 20%.