Which Counties Have the Highest Growth in Sale Prices?

Sale prices were 4% higher year-over-year throughout the summer (June through August), but 50 counties had price growth faster than the state average. We zero in on counties with the most price growth.

Fastest Price Growth

Sullivan County saw prices grow 46% compared to last summer (on 12 sales). The median sale price was $195,000. Despite the small sample size, Sullivan County has had double-digit price growth all year.

Prices grew 39% in Benton County to reach $215,000. Sales also grew in the county, with 41 closings over the summer compared to 33 last summer.

In Carroll County, prices reached $264,750, which 34% higher than last summer. This price growth has all come in the summer months. Through winter and spring, sale prices were even with the previous year.

Large Counties with Fast Price Growth

Among counties with at least 50 closings over the summer, Lawrence, Montgomery, and Elkhart counties had the fastest price growth. With more sales, price growth was moderated, but these counties all posted more than 10% price growth compared to last summer.

Prices rose 13% in Lawrence County. Despite a contraction in sales, prices here have grown at a double digit rate for nine of the last 12 months. In fact, prices are up 12% for the 12-month period ending in August.

Montgomery County also had 13% price growth, reaching a median sale price of $229,000 over the summer. Closings finally turned positive in the summer months after a contraction in the winter and spring.

Elkhart County hit a median sale price of $261,000 over the summer, 11% higher than last year. This helps support sales volume in a county where 3-month rolling sales were down year-over-year until August. However, sales did turn positive in August, and pending sales also grew. We could see continued sales growth and higher prices in Elkhart County through the fall.