Monday Map, April 27, 2026

Hendricks, Hamilton, and Boone counties hold the top three spots on IAR's Market Heat Index this week, all scoring above 45 out of 100. The index combines three factors for each county: days on market, sale-to-list price ratio, and the ratio of new pendings to new listings over the past three weeks. A higher score means faster sales, stronger offers, and demand that's keeping pace with incoming supply.

#1 Hendricks County. Hendricks tops the state this week on the strength of its demand-to-supply flow: about 84 new pendings against 77 new listings over the past three weeks, a ratio above 1.0 that means buyers are absorbing homes faster than they're hitting the market. Sellers are getting 97.2% of asking price on average, and half of homes are moving in under 18 days.

#2 Hamilton County. Hamilton's calling card is speed. At a median of 12 days on market (among the fastest in the state) homes are going under contract before many buyers even have a chance to schedule a second showing. New pendings and new listings are nearly matched at 178 to 183, meaning virtually everything coming to market is finding a buyer within a three-week window.

#3 Boone County. Boone is the smallest market of the three, with about 39 new pendings against 37 new listings, but the story is the same: demand is absorbing new inventory as fast as it arrives. Sellers here are averaging 97.7% of list price, the highest of the top three.

Curious where your county stands? Explore the full map →