The Monday Map - March 10, 2025

Indiana's sales were down 6% in February, but sales in suburban counties were only down 1%. This is mostly driven by strong sales growth in Hamilton, Hancock, and Johnson counties.

Hamilton County. With 389 sales in February, Hamilton County achieved 9% sales growth. This is more sales than any other suburban county, and more than any county overall except Marion. For this reason, sales growth here has a big influence on the overall total for suburban counties and even the state. The median sale price here was $415,000.

Johnson County. Johnson county had 190 sales, a growth rate of 11%. That's the sixth highest sales total in the state. The median sale price here was $324,000.

Hancock County. Sales grew 19% to a total of 105 in Hancock County. No county had more sales and a higher growth rate than Hancock County. The median sale price was $350,000.

Each of these counties had a median sale price between $300,000 and $500,000, a price range where sales growth is strong. In fact, statewide, sales between $250,000 and $499,000 grew by 6% year-over-year in February. While borrowing has consistently been more expensive over the past two years, buyers in the upper-middle market segment are better able to bear these costs in hope of falling rates in the future.

Suburban counties tend to benefit from strength in this price segment—68% of February sales in these three counties were between $350,000 and $499,000, compared to only 42% statewide.