All Reports 3-Month and 12-Month Rolling Report Indianapolis MSA • April 2024 • All

3-Month and 12-Month Rolling Report

Rolling totals and averages of listings, sales, and prices compared year-over-year

 Quick Summary

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3-Month and 12-Month Rolling ReportIndianapolis MSAApril 2024

Supply

New Listings

3-Month Total
Feb 2024–Apr 2024
8,777
Year-over-year
+6%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
-4%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

New Listings

12-Month Total
May 2023–Apr 2024
34,224
Year-over-year
-9%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
-10%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Sales

Closed Sales

3-Month Total
Feb 2024–Apr 2024
7,061
Year-over-year
-1%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
-9%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Closed Sales

12-Month Total
May 2023–Apr 2024
29,421
Year-over-year
-12%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
-14%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Market Momentum

Days on Market

3-Month Average
Feb 2024–Apr 2024
12
Year-over-year
+33%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
+12%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Days on Market

12-Month Average
May 2023–Apr 2024
13
Year-over-year
+62%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
+100%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

New Pending Contracts

3-Month Total
Feb 2024–Apr 2024
8,520
Year-over-year
+2%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
+0%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

New Pending Contracts

12-Month Total
May 2023–Apr 2024
30,815
Year-over-year
-9%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
-17%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Price

Median Sale Price

3-Month Average
Feb 2024–Apr 2024
295,000
Year-over-year
+5%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
+2%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Median Sale Price

12-Month Average
May 2023–Apr 2024
298,000
Year-over-year
+4%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
+12%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Sales Price as Percentage of Asking Price

3-Month Average
Feb 2024–Apr 2024
96.3%
Year-over-year
+0%
Feb 2024–Apr 2024 vs. Feb 2023–Apr 2023
Year-over-year in previous period
-0%
Nov 2023–Jan 2024 vs. Nov 2022–Jan 2023
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Sales Price as Percentage of Asking Price

12-Month Average
May 2023–Apr 2024
96.7%
Year-over-year
-1%
May 2023–Apr 2024 vs. May 2022–Apr 2023
Year-over-year in previous period
-2%
May 2022–Apr 2023 vs. May 2021–Apr 2022
View source and notes...

Last update: May 7, 2024, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Demographics

Affordability