May's Housing Market in Three Maps

June 9, 2025, 9:30 a.m. Quick insight

Sales

Statewide, sales were up 1% year-over-year in May. Most of this growth was concentrated in urban centers or suburbs—urban core counties were up 6% and suburbs 4%. Meanwhile, sales in rural counties declined 3%. Marion County was up 6%, Lake County was up 9%, and Vanderburgh County was up 18%. Allen County countered this trend, with sales declining by 3%.

Listings

Growth in listings was widespread. Indiana saw 8% year-over-year growth in May, and 58 counties also saw positive growth. Growth was positive across urban, suburban, and rural areas. In fact, the five counties with the fastest listing growth are all smaller communities.

Top Five Counties by YOY Listing Growth

County Name Listings YOY Growth
Wabash 50 108.3%
Lagrange 41 86.4%
Newton 24 84.6%
Decatur 37 76.2%
DeKalb 72 71.4%

Pending Sales

Unfortunately, pending sales showed more weakness, with a 13% decline statewide. Rural counties outperformed the state, with only an 8% decline in pending sales. Overall, 30 counties had growth in new contracts. Some smaller counties (below) had strong contract growth, which bodes well for continued sales growth

Top Five Counties by YOY Pending Sale Growth

County Name Pending Sales YOY Growth
Marshall 28 133.3%
Scott 40 110.5%
Jennings 41 70.8%
Adams 26 52.9%
Decatur 37 37.0%

Go deeper

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