The housing market in Central Indiana for September 2024 shows a mixed yet steady landscape compared to the same period last year. According to data from MIBOR BLC®, the median sales price remained unchanged at $300,000, reflecting stability in home values across the region. While this price point held steady year-over-year, it did show a slight decline from August, signaling a brief pause in upward trends observed earlier in the year.
Sales Activity and Inventory Shifts
Closed sales saw a modest uptick compared to September 2023, indicating continued buyer interest despite market fluctuations. New listings, however, experienced a small dip, suggesting that fewer homes were being put on the market as sellers may be taking a more cautious approach. This decrease in new inventory, paired with relatively steady prices, points to a market where demand is still robust but options for buyers are slightly more limited.
County-by-County Breakdown
In a closer look at county data, many areas in Central Indiana saw notable shifts:
What’s Ahead for the Market?
According to MIBOR CEO Shelley Specchio, favorable mortgage rates have fueled buyer interest since the start of the summer, with the market showing signs of resilience. However, recent economic reports suggest continued unpredictability in the months ahead. As mortgage rates adjust based on broader economic factors, potential buyers and sellers will need to remain agile.
The market's path toward more favorable conditions remains in flux, but with inventory slowly increasing and demand holding steady, the outlook for Central Indiana real estate remains cautiously optimistic as we approach the end of 2024.
For more detailed insights or personalized market advice, reach out to RE/MAX Advanced Realty's local experts to guide you through the current housing trends in your area.
As we move into August, it’s a great time to look back and analyze the real estate trends from July. The summer months have provided us with valuable insights into the Indiana housing market, revealing patterns that could influence your real estate decisions. Whether you’re planning to buy, sell, or simply keep an eye on the market, here’s a snapshot of how key Indiana counties performed in July, offering valuable insights into the trends that shaped the market last month.
Comparison Note: Percent change comparisons reflect results from June 2024 to July 2024 for the prior month, and from July 2023 to July 2024 for the prior year. Data provided by MIBOR Listing Cooperative, compiled on August 11, 2024.
Bartholomew County
In Bartholomew County, the median sales price has dipped to $254,900, marking a notable decline of 8.6% from last month and 9.3% from last year. This drop in prices might suggest a cooling market, but it's worth noting that the number of units sold has increased significantly by 33.7% compared to the previous month. This rise in sales could indicate that despite lower prices, buyers are actively seizing opportunities. The inventory levels remain stable with 157 active listings, while new listings have slightly decreased, down 8.9% from the prior month.
Boone County is seeing a more complex picture. The median sales price of $394,000 represents a decrease of 7.3% from last month, though it’s only a slight drop of 2.5% year-over-year. The number of units sold has seen a 6.8% increase from last month, which might suggest that despite falling prices, the market remains dynamic and active. However, with new listings falling by 12.6%, the active inventory of 157 homes has slightly decreased. The consistent median days on market of 13 days may indicate that well-priced homes are still attracting buyers relatively quickly.
Brown County
Brown County is experiencing a significant drop in median sales prices, down 13.9% to $309,999. Despite this, units sold have increased by 21.1%, showing a positive trend in sales activity. The rising inventory levels, up 16.1%, might be contributing to this price reduction, providing buyers with more choices. The median days on market have decreased substantially, suggesting a faster-moving market despite the drop in prices.
Decatur County
Decatur County presents a different scenario with a dramatic 20.2% drop in median sales price to $210,000. However, the number of units sold has increased by 31.6%, which could indicate that lower prices are driving higher sales volumes. Inventory levels are down slightly, and with a decrease in new listings, the market might be adjusting to these price changes. The reduced median days on market to 11 days shows that homes are selling quicker in this lower-price bracket.
Hamilton County
Hamilton County’s market shows resilience with a median sales price of $464,950, up 3.0% from last month. The number of units sold has decreased slightly by 1.3%, but the increase in active inventory and new listings suggests a more balanced market. The median days on market have increased significantly to 11 days, which could be a sign that higher-priced homes are taking a bit longer to sell, possibly due to the higher inventory levels.
Hancock County
Hancock County is seeing a modest increase in median sales price to $326,750, up 1.3% from last month. Sales activity is strong with a 31.0% increase in units sold, indicating a vibrant market. Despite a slight decrease in new listings, the median days on market is stable, suggesting a healthy demand for homes in this area.
Hendricks County
In Hendricks County, the median sales price has remained relatively stable at $349,240, with a slight 0.2% decrease from last month. Sales have slightly decreased by 7.6%, yet the inventory remains manageable with a slight decrease in new listings. The increase in median days on market indicates that while homes are still selling, they may be taking a bit longer to find the right buyer.
Jackson County has experienced a 4.3% drop in median sales price to $225,000. Despite this, sales activity has increased by 7.9%, and the median days on market have decreased significantly. This suggests that lower prices might be stimulating buyer interest and quicker sales.
Jennings County
Jennings County’s median sales price has remained steady at $212,000, with no change from the previous month. However, the number of units sold has decreased, suggesting a potential softening in demand. The increase in active inventory and median days on market might indicate a shift toward a more buyer-friendly market.
Johnson County
Johnson County’s market shows a decrease in median sales price to $307,998, down 9.4% from last month. Despite this, sales activity remains strong with a decrease in median days on market, indicating that homes are still selling relatively quickly. New listings have slightly increased, suggesting a steady flow of new properties coming onto the market.
Madison County
Madison County is experiencing a strong market with a 36.4% increase in median sales price to $225,000. The number of units sold has also increased significantly, suggesting high buyer demand. The stable median days on market indicates that homes are selling at a consistent pace despite the rising prices.
Marion County
Marion County’s median sales price is $259,000, showing a slight decrease from last month but an increase from last year. The large number of units sold and the increase in active inventory suggest a robust and active market. The decrease in median days on market to 12 days indicates that homes are selling relatively quickly in this large and diverse market.
Montgomery County
Montgomery County shows a significant decrease in median sales price to $177,500, down 12.6%. Despite this, the number of units sold has increased, suggesting that lower prices are attracting more buyers. The decrease in median days on market indicates that homes are selling faster, likely due to the more attractive pricing.
Morgan County
Morgan County has seen a decrease in median sales price to $313,750, down 3.5%. However, sales activity remains strong, and the decrease in median days on market suggests a quick turnover for homes in this area. The increase in active inventory and new listings may offer more options for buyers.
Putnam County
In Putnam County, the median sales price has increased slightly to $259,000. However, the significant decrease in new listings and increase in active inventory suggest a market adjusting to changes. The longer median days on market may indicate that homes are taking a bit longer to sell.
Shelby County
Shelby County has seen an increase in median sales price to $272,500, with a 6.9% rise from last month. Despite a slight decrease in the number of units sold, the increase in median days on market suggests that while prices are rising, homes are taking longer to sell.
As you consider these insights, remember that local market conditions can vary widely. If you’re thinking about buying or selling, it’s always a good idea to consult with a local real estate expert who can provide personalized advice based on your specific needs and goals. Reach out to Indy’s leading brokerage, RE/MAX Advanced Realty, at 317-298-0961 (West Office) and 317-881-3700 (Greenwood Office) to connect with experienced professionals who can help you navigate the current market trends and make informed decisions.
As we reach the midpoint of the year, the Central Indiana single-family homes market continues to display dynamic shifts across its counties. From the bustling urban landscapes of Hamilton County to the scenic retreats of Brown County, each area offers a distinct perspective on the current housing market. This is our interpretation based on the data provided by MIBOR Market Insights, examining trends observed from May 2024 to June 2024 and providing a comparative look at year-over-year data from June 2023 to June 2024. Whether you're a prospective buyer or seller, understanding these trends is essential for making informed real estate decisions in today's evolving market.
Bartholomew County shows a stable market with a slight decrease in median sales price compared to the previous month but a modest increase year-over-year. The decrease in units sold suggests a slower market pace, providing buyers with more negotiating power. Active inventory has increased, offering buyers more choices, although fewer new listings may limit options. Properties are selling quickly with a low median days on market, indicating continued demand despite some price fluctuations.
Boone County demonstrates a strong market with a significant increase in median sales price month-over-month and year-over-year, reflecting rising property values. However, the decrease in units sold indicates a slower market pace, potentially due to increased prices and limited inventory growth. Active inventory has risen slightly, but fewer new listings may constrain buyer options. Properties are selling quickly with a low median days on market and an uptick in price per square foot, suggesting continued demand in a competitive market.
Brown County shows a mixed market with a notable decrease in median sales price compared to the previous month but an increase year-over-year. The decline in units sold suggests a slower market pace, which could provide buyers with more negotiating opportunities despite a stable inventory. Median days on market have decreased significantly, indicating properties are selling faster, but fewer new listings may limit buyer choices. Price per square foot has also decreased slightly, potentially offering buyers more affordable options in this market.
Decatur County displays a strengthening market with a substantial increase in median sales price month-over-month and year-over-year. Despite a decrease in units sold, active inventory has expanded, offering buyers more options. Properties are selling relatively quickly with a low median days on market, indicating strong demand. The increase in new listings further supports market activity, although the rise in price per square foot suggests increasing property values, potentially benefiting sellers.
Hamilton County maintains a robust market with a slight increase in median sales price compared to the previous month and stable growth year-over-year. Despite a modest decrease in units sold, active inventory has grown, giving buyers more choices. Properties are selling quickly with a low median days on market, reflecting continued demand. However, fewer new listings may limit buyer options despite a stable price per square foot, indicating a balanced market with steady growth in property values.
Hancock County shows a steady market with a decrease in median sales price compared to the previous month but a slight increase year-over-year. The decline in units sold suggests a slower market pace, potentially giving buyers more negotiating power despite stable active inventory. Properties are selling relatively quickly with a moderate median days on market, indicating steady demand. Fewer new listings may limit buyer choices, although the slight decrease in price per square foot could offer opportunities for affordability.
Hendricks County demonstrates a stable market with a slight decrease in median sales price compared to the previous month but a modest increase year-over-year. The increase in units sold suggests continued demand, supported by a growing active inventory. Properties are selling quickly with a low median days on market, indicating a competitive market environment. The slight increase in price per square foot reflects rising property values, potentially benefiting sellers despite fewer new listings limiting buyer options.
Jackson County shows a resilient market with a stable median sales price compared to the previous month and significant growth year-over-year. Despite a slight decrease in units sold, active inventory has remained stable, providing consistent buyer options. Properties are selling relatively quickly with a moderate median days on market, suggesting steady demand. However, fewer new listings may restrict buyer choices, although the increase in price per square foot indicates rising property values, benefiting sellers.
Jennings County displays a strengthening market with a notable increase in median sales price month-over-month and year-over-year. Despite a decrease in units sold, active inventory has expanded significantly, offering buyers more choices. Properties are selling relatively quickly with a moderate median days on market, indicating strong demand. The increase in new listings supports market activity, although the rise in price per square foot suggests increasing property values, potentially benefiting sellers.
Johnson County maintains a stable market with a slight increase in median sales price compared to the previous month and steady growth year-over-year. Despite a decrease in units sold, active inventory has grown moderately, providing buyers with more options. Properties are selling quickly with a low median days on market, reflecting continued demand. Fewer new listings may limit buyer choices, although the stable price per square foot indicates a balanced market with steady property values.
Madison County shows a varied market with a decrease in median sales price compared to the previous month and year-over-year. The decline in units sold suggests a slower market pace, potentially giving buyers more negotiating opportunities despite a stable active inventory. Properties are selling relatively quickly with a moderate median days on market, indicating steady demand. Fewer new listings may constrain buyer options, although the slight decrease in price per square foot could offer affordability in this market.
Marion County demonstrates a stable market with a slight increase in median sales price compared to the previous month and moderate growth year-over-year. Despite a decrease in units sold, active inventory has expanded, providing buyers with more choices. Properties are selling relatively quickly with a low median days on market, reflecting consistent demand. However, fewer new listings may limit buyer options, although the stable price per square foot indicates a balanced market with steady property values.
Montgomery County shows a stable market with a slight increase in median sales price compared to the previous month and strong growth year-over-year. Despite a slight decrease in units sold, active inventory has grown, offering buyers more options. Properties are selling relatively quickly with a low median days on market, indicating steady demand. The increase in new listings supports market activity, although the rise in price per square foot suggests increasing property values, potentially benefiting sellers.
Morgan County displays a robust market with a notable increase in median sales price month-over-month and year-over-year. Despite a slight decrease in units sold, active inventory has expanded, providing buyers with more choices. Properties are selling relatively quickly with a low median days on market, indicating strong demand. The decrease in new listings may limit buyer options, although the increase in price per square foot reflects rising property values, potentially benefiting sellers.
Putnam County shows a stable market with a slight increase in median sales price compared to the previous month and a decrease year-over-year. Despite a decrease in units sold, active inventory has grown significantly, offering buyers more options. Properties are selling relatively quickly with a moderate median days on market, indicating steady demand. The increase in new listings supports market activity, although the decrease in price per square foot suggests affordability, potentially attracting buyers.
Shelby County demonstrates a stable market with a slight increase in median sales price compared to the previous month and moderate growth year-over-year. Despite a decrease in units sold, active inventory has expanded, providing buyers with more choices. Properties are selling relatively quickly with a moderate median days on market, reflecting steady demand. The increase in new listings supports market activity, although the decrease in price per square foot suggests affordability, potentially benefiting buyers.
As we conclude our county-by-county analysis of the Central Indiana single-family homes market, it's evident that each area presents unique opportunities and challenges for buyers and sellers alike. From the rapid pace of Hamilton County to the steady resilience of Boone County and beyond, understanding these trends is crucial in navigating your real estate journey.
Looking ahead, the remainder of the year promises to be dynamic, with shifting market conditions influenced by economic factors and buyer-seller dynamics. Whether you're considering buying, selling, or investing in Central Indiana real estate, our team at RE/MAX Advanced Realty is here to provide expert guidance and support.
Explore our listings, connect with our experienced agents, and let us help you achieve your real estate goals in this competitive market. Contact us today to schedule a consultation and take the next step towards finding your dream home or maximizing your property's value. Trust RE/MAX Advanced Realty for insightful market analysis and personalized service, ensuring a smooth and successful real estate experience.
Join us this weekend for a series of open houses showcasing beautiful properties across Indianapolis and the surrounding areas. Whether you're looking for a cozy, low-maintenance home or a spacious family retreat, we have something for everyone. Here's a sneak peek of the homes you'll have the opportunity to explore:
Hosted by: Scott Chain
Directions: GPS Friendly
Experience prime luxury living in this meticulously maintained custom home located in Surrey Park. Featuring 5 bedrooms and 5 bathrooms with chic elegance and entertainment throughout, this residence offers upscale living without compromise. As you step inside you will see multiple high-valued amenities like marble floors, granite countertops, stainless steel appliances, modern fixtures, a movie theater room, a workout room, a wet bar with induction cooktop, floor-to-ceiling standup showers, a master bedroom office and walkout balcony, a custom in-ground heated pool, an outdoor bar, grill and tv, an outdoor fire pit, and many more amenities! Take special note of the twin rooms upstairs that are mirror images of each other and also how every sqft was used to design this one-of-a-kind, custom property! Home is being sold fully furnished so you can indulge in an exceptional lifestyle in this truly remarkable home.
Hosted by: Justin Jackson and Michelle Jackson
Directions: GPS Friendly
This charming 2-bedroom, 2.5-bathroom residence epitomizes low-maintenance living, designed to offer both comfort and convenience. Recently updated with brand new hardwood laminate flooring on the main floor and freshly painted throughout, this home is move-in ready and waiting for you. Step inside to a warm and inviting great room featuring a cozy wood-burning fireplace, perfect for those chilly evenings. The spacious primary bedroom boasts a generous walk-in closet, providing ample storage and a private retreat within your home. Upstairs, you'll find a versatile loft area with built-in bookshelves, ideal for a home office, reading nook, or hobby space. The open patio offers a great outdoor space for relaxation or entertaining guests, while the attached 2-car garage ensures plenty of parking and additional storage. With its thoughtful updates and convenient amenities, this home is perfect for those seeking a blend of style and practicality. Don’t miss out on this beautiful, low-maintenance gem.
Hosted by: Cheryl Sizemore
Directions: Take 465 to KY Ave, go south to High School Rd, then left on Thompson Rd just past Tincher. Enter Honey Manor by turning right, then right on Honey Manor Dr, and the home will be on your right.
Beautifully maintained 3-bedroom, 2-bathroom home conveniently located between downtown Indianapolis and the Indy airport, situated in a small neighborhood with no HOA. The house is move-in ready with many recent improvements, including new floors, renovated bathrooms, and a new fridge, dishwasher, and water heater. The second bedroom features an add-on room that can serve as a dressing room, office, or other flexible space. A spacious three-season sunroom, not included in the listed square footage, overlooks a fenced-in backyard landscaped with Indiana-native plants that attract birds and pollinators and require no watering or fertilizing. The attached two-car garage is fully insulated with its own gas furnace.
Hosted by: Justin Jackson and Michelle Jackson
Directions: GPS Friendly
This stunning 3-bedroom, 2-bathroom ranch is perfect for those seeking a place to call home. The inviting living room features an electric fireplace, creating a cozy atmosphere for family gatherings. The kitchen is equipped with stainless steel appliances, a large center island with seating, and ample counter space for meal preparation. Step into the sunroom, where you can enjoy your morning coffee or unwind with a book, all while overlooking your fully fenced-in backyard. This corner lot property provides additional privacy and space, making it an ideal spot for outdoor activities and entertaining. The master suite is a true retreat, featuring a tray ceiling that adds a touch of elegance. The en-suite master bath offers a garden tub for relaxing soaks, a separate shower, and dual sinks for convenience and luxury. The spacious walk-in closet completes this serene master suite. Don't miss out on this beautiful home that combines comfort, style, and functionality.
Hosted by : Marcus Fillyaw
Directions: From 135 South, head to Smith Valley, then west on Smith Valley to Yorktown. Head south on Yorktown, then east on Barrington Drive. Turn north on Wyngate Way, which turns into Wyngate Circle. The home will be on the right.
Completely updated two-story 4-bedroom, 2.5-bathroom home featuring a heated, saltwater inground pool with an automatic pool cover surrounded by a 6-foot privacy fence. New lighting, flooring, and paint throughout. Enjoy the spacious feel of the open floor plan on the main level, including a family room, dining room, laundry room, and half-bath. The updated kitchen includes stainless steel appliances, a center island with seating, updated lighting, and plenty of counter and cabinet space. The large master bedroom features a walk-in closet and a master bath with a double bowl vanity and separate bath/shower. The second level includes 3 additional bedrooms, a bonus room, and another full bathroom. Exterior amenities include a 16x60 stamped concrete patio, firepit, mini-barn, oversized driveway, and basketball goal.
Hosted by: Jason Dodd
Directions: GPS Friendly
You'll want to see this 5-bedroom, 3.5-bathroom home in the Branches neighborhood in Brownsburg. The neighborhood includes a pool, clubhouse, and walking trails to enjoy with family and friends. This home features a master retreat plus three bedrooms on the upper level and a second bedroom suite on the main level for guests or family. The main level also includes a beautifully lit separate dining room, open kitchen with an island, and laminate flooring throughout. Upstairs, in addition to the master suite with a spa tub and separate shower, there are additional bedrooms, a laundry room, and a great-sized bonus room that can be used as a rec room or large office. Showings begin the afternoon of Sunday, June 30th.
Hosted by: Jordan Wirth
Directions: GPS Friendly
Copper Pointe offers you 2600 square feet of peace and perfection! Indulge in the epitome of luxurious living in this impeccably updated home located on the serene green of the 17th hole at Harbour Trees Golf Course. This residence showcases a myriad of exquisite features that set it apart as a true masterpiece. Upon entering, you'll notice brand new bamboo hardwood and vinyl plank flooring that graces almost every inch of the main floor, providing a cohesive and stylish foundation for the living space. The kitchen has been tastefully enhanced with new tile backsplashes, butcher block countertops, and state-of-the-art Samsung Bespoke appliances, blending beauty with functionality to cater to culinary connoisseurs. The master bedroom and bath serve as a luxurious retreat, featuring a spacious walk-in closet, an expansive freestanding tub, and a breathtaking walk-in shower that promises a spa-like experience. French doors in the master bedroom open to reveal a picturesque view of the golf course, offering a serene backdrop for relaxation and unwinding. The family room exudes warmth and character with its lofty, vaulted ceilings, creating an atmosphere of openness and grandeur. A vast basement provides ample space for entertainment and recreation, ensuring endless possibilities for leisure activities within the comfort of your own home. Upstairs, two generously sized bedrooms share a well-appointed Jack and Jill bathroom, perfect for accommodating family or guests in style and convenience. The exterior of the home is equally impressive, boasting all-new gutters and durable Hardi concrete siding that enhance both the aesthetics and longevity of the property. The home also features a brand new water filtration system throughout and a brand new 200 amp electrical panel. After your tour, grab lunch at the Beach Club! You’ll never want to leave! What more could you ask for?
Don't miss out on these incredible open house events! We look forward to welcoming you and helping you find your dream home. If you have any questions or need further information, feel free to reach out to our respective agents. See you there!
Are you in search of your perfect home sweet home? Look no further! Join us this Sunday, April 7, 2024, from 1 pm to 3 pm for the RE/MAX Advanced Realty Open House Weekend. We're thrilled to showcase a selection of exquisite properties that embody luxury, comfort, and style. Don't miss out on this opportunity to explore these stunning homes and envision your future in one of these remarkable spaces.
1545 Windswept, Brownsburg, IN 46112
Hosted by Listing Agent: Jason Dodd | 317-779-9545
Directions: DO NOT FOLLOW GOOGLE MAPS!! From 267 N (Green Street), turn west on E Co Rd 700 N, turn north on Windview Dr, turn right on Windborough Dr, turn left at the "T", second house on the right.
Nestled in the prestigious Windridge landing, this former model home is a true gem. Boasting 4 bedrooms and 3.5 bathrooms, this residence offers an abundance of space and luxury. Highlights include a gourmet kitchen with a 10' island, SS appliances, and double built-in ovens. Relax in the massive master retreat or entertain guests in the large rec room in the finished basement. With a covered porch, covered rear patio, and a 5-person hot tub, outdoor living is taken to the next level.
8126 Kilborn Way, Avon, IN 46123
Hosted by Listing Agent: Jordan Wirth | 317-549-5363
Directions: GPS Friendly!
Experience luxury living in this quality-built M/I home situated on a 1/3 acre lot. Featuring 4 bedrooms, 2 1/2 bathrooms, and a 3-car garage with an insulated workshop, this home is perfect for any family. The kitchen is a chef's dream with quartz countertops and a double oven, while the enormous master bedroom offers a spa-like experience with its walk-in shower and vaulted ceiling. Outside, a pergola and patio space provide the ideal setting for outdoor entertaining.
9913 Stable Stone Ter, Fishers, IN 46040
Hosted by Khushvinder Kailey | 317-478-7607
Directions: GPS Friendly!
Indulge in luxury living in this exquisite 5-bedroom, 5.5-bathroom masterpiece by Drees Homes. Every detail of this home exudes sophistication and comfort, from the gourmet-style kitchen to the expansive windows offering panoramic views. The master bedroom is a sanctuary of indulgence, featuring a private retreat and a spa-like en-suite bathroom. Downstairs, the finished basement with a wet bar is perfect for hosting gatherings.
5662 Beale St, Plainfield, IN 46168
Hosted by Listing Agent: Mukul Khanna | 317-203-9593
Step into modern luxury with this inviting 4 bedroom, 2.5 bathroom home in the heart of Plainfield. With luxury vinyl plank flooring, a contemporary kitchen, and a spacious family room, this home is perfect for entertaining. Relax on the extensive concrete patio overlooking the neighborhood pond. Directions: GPS Friendly!
Don't miss your chance to explore these remarkable properties during the RE/MAX Advanced Realty Open House Weekend! We look forward to welcoming you and helping you find the home of your dreams. See you there!
In this day and age, it is quite rare for a person or family to have much control over when they move. Whether your growing family makes it so that you need more space or your job takes you to a new city, most people often have a window of a few months or at most, a year within when to move.
If life has made it so that you need to sell your house, or if you're one of those lucky few who has a bit more freedom in the choice, you're probably asking yourself if now is the right time to sell your Indianapolis home.
Prices are certainly lower than they were in years past, but that's not always a bad thing for people who are looking to sell. It may be that by selling your current Indianapolis home, you'll be able to upgrade to a bigger place or a nicer area without spending nearly as much as you would've had to in years past. This is also an ideal market for purchasing foreclosed homes, which can be bought for significantly less than their market value.
But, the question, however, is this: is NOW the best time to sell a house in Indiana?
When it comes to the best time to sell a home, it depends on your goals. For instance, are you going to put your property on the market for profit or sell it quickly?
The best time to list homes for sale in Indiana is in May, June, and July. In July 2023, the median selling price for homes was $258,600, which is expected to increase this 2024.
On average, homes stay on the market for 41-43 days during June and July. This makes it 10-15 days shorter than the rest of the month, making these months the best time to close a home sale.
However, there are people who have strict home-selling timelines, and these are usually the ones who have to relocate because of work location. Normally, they do this during November and December.
Properties listed at the beginning of the week, let's say Monday or Tuesday, often stay longer on the market.
If you want to improve your chances of selling your home quickly, list it on Thursday. This is the "pre-weekend" and they have time to look at online listings and plan their open homes tour.
As always, the best time to sell a home is during spring; however, if you want to sell it quicker and for a higher profit, it's recommended to list your property in late spring or early summer.
Putting your home on the market during these seasons is better because of the following reasons:
Winter, however, can still present a chance for a warmer climate home sale. Investing in a vacation home is the reason why buyers travel to Indiana.
When selling a home, here are the things you need to consider:
Work - Whether it's a better job offer or a current one requiring you to move into a new location, this might force you to sell your home in the market.
Neighborhood - Perhaps you're looking for a home closer to your kid's school or you want a safer school, this might call for a relocation.
Divorce - After a divorce, the ex-couple might decide to sell a home for practicality and perhaps, sentimental reasons. That said, moving to a home is not just an option but a decision to make.
Interest Rates - The demand for mortgages is increased by lower interest rates. This has an impact on the real estate market, which raises property prices.
Economy - The employment rate, GDP, manufacturing activity, cost of goods, and other economic variables all have an impact on the Indiana real estate market.
Government Policies - The government can introduce tax credits, subsidies, and deductions to establish a housing market that is advantageous temporarily.
Downgrading - You can sell your bigger home and move into a smaller one if you're trying to reduce your property taxes, homeowners insurance, and HOA dues.
Affordability - The affordability of buyers is influenced by the average mortgage rate. Make sure to find out ahead of time whether interest rates are rising or falling.
Equity For A New Home - You can sell your current house when the equity has grown to the point where an adequate down payment is required.
Want to know more about Indiana's real estate market?
To learn more about the current housing market and find out how your home would fare compared to other Indianapolis homes for sale right now, talk to us today so we can assist you with your concerns.
By working with an agent at RE/MAX Advanced Realty, you can be sure that regardless of market conditions, your home sale will be handled professionally and as quickly as possible. A RE/MAX realtor can also help you find your next home, wherever you may be looking.
In the dynamic landscape of Indiana real estate, one team stands out as the pinnacle of excellence: The Indy Home Pros Team at RE/MAX Advanced Realty. Renowned for our unwavering commitment to delivering exceptional results, our recent triumphs in the 2023 rankings reinforce our position as the undisputed leader in the industry. Let's delve into what sets us apart and why aligning with us means embracing unparalleled success.
The collective journey of the hardworking agents at the Indy Home Pros Team to the summit of Indiana's real estate landscape is defined by our unwavering performance and outstanding achievements statewide. In the 2023 RE/MAX Top Producers rankings, we proudly claimed the #1 position in every crucial category: Team | Commercial Only, Top 50 Teams by TRANSACTIONS, and Team | Residential and Commercial Combined. Our expertise extends beyond mere residential properties, as we excel in both Residential and Commercial Combine Combined Categories. Through our relentless pursuit of excellence and innovation, we as a team, continually set new standards, demonstrating our unwavering commitment to exceeding expectations in every transaction.
The Indy Home Pros Team's success transcends local boundaries, earning us recognition on a global scale. In the RE/MAX Year-End Top 100 U.S. rankings, The Indy Home Pros Team secured and impressive position, ranking #16 in both Team, Residential & Commercial categories. Furthermore, on the global stage, we stood strong in the RE/MAX Top 100 Worldwide rankings, achieving a remarkable #37 position in both Team Residential and Commercial categories.
Our excellence in commercial real estate is particularly noteworthy. In the RE/MAX Top 25 U.S. rankings for Large Teams, Commercial we soared to the #3 spot, showcasing our proficiency and expertise in this domain. Moreover, on the global scale, our team's prowess was evident as we clinched the #7 position in the RE/MAX TOP 25 Worldwide rankings for Large Teams, Commercial. In residential real estate, our achievements are equally remarkable. We solidified our presence in the RE/MAX Top 50 Worldwide rankings for Large Teams, Residential, achieving and impressive #36 position. Additionally, in the competitive U.S. market, The Indy Home Pros Team secured a commendable #16 spot in the RE/MAX Top 50 U.S. rankings for Large Teams, Residential. These rankings underscore our team's dedication to excellence and our capacity to achieve outstanding results across various segments of the real estate market.
Are you an ambitious agent ready to take your career to unprecedented heights? Joining the Indy Home Pros Team means gaining access to a supportive culture rooted in mentorship, collaboration, and cutting-edge technology. Led by industry luminary Dennis Nottingham, our team empowers agents to unlock their full potential and thrive in today's competitive market. Seize the opportunity to be part of Indiana's number one team and embark on a journey of unparalleled success. Reach out to us today to explore exciting opportunities and eleveate your real estate career with the Indy Home Pros Team.
Whether you're buying or selling, The Indy Home Pros Team is your trusted ally in achieving your real estate goals. Our proven track record and excellence, highlighted by our recent accolades, ensures that you receive unparalleled service and results that surpass expectations. Don't settle for mediocrity when you can partner with the best. Choose the Indy Home Pros Team for all your real estate needs and experience the transformative power of true expertise.
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Whether you're a resident in Southern Indiana or visiting from afar, there are many ways to make Valentine's Day a memorable one. You can have a quick romantic getaway, take long walks on picturesque roads, or enjoy delicious food.
If you're not yet sure what to do this lovely day, here are several romantic ideas for you:
Are you on the lookout for the tastiest dishes that would make this day extra special? If yes, here are our top recommendations:
1. Board & You
If you are looking for a romantic atmosphere for lunch with outstanding beverages and food, you can choose to have a stunning charcuterie board and cocktails or go for the whole Bistro experience at Board & You.
This is a popular spot in the metro so be sure to make reservations in advance.
2. Huber's Orchard, Winery & Vineyards
This winery returns with its annual Chocolate Lover's Weekend with Huber wines and Schimpff's Confectionery chocolates where you and your partner can experience a private romantic dinner with wine and sumptuous chocolate dessert.
3. MESA Collaborative Kitchen
First things first -- the best thing about this restaurant is that it lets you enjoy exciting activities for the whole month of February. Experience a 3- or 4-course meal with the guest chef cooking right in front of you, learn skills and techniques from the pros, and many more.
4. Brooklyn & The Butcher
Reserve your spot for the ultimate celebration, a meal with large steaks, sharing plates, and extraordinary beverages. Make reservations soon for this beautiful historical space with a romantic bar and speakeasy setting.
5. The Red Yeti Restaurant & Brewpub
Walk romantically across the Big Four Bridge to see the Ohio River and Louisville skyline after a meal. Tasty dishes include truffle fries, brisket sandwiches, pulled pork tacos, and vanilla bourbon cheesecake with craft brews.
6. High Street Apothecary
New Albany's newest speakeasy, High Street Apothecary, offers a unique Valentine's Day adventure with their best delights—Share Board & You charcuterie or New Albany Sugar Shoppe chocolates with your cocktail prescription. To ensure availability, book ahead.
Cuddling on a cold walk with your partner is one of the most romantic ways to spend February. Southern Indiana dates provide scenic walking, hiking, and bicycling pathways for Valentine's Day on the go.
1. Ohio River Greenway
At 7.5 miles, the Ohio River Greenway follows the river from downtown Jeffersonville to downtown New Albany. Picnic areas overlook the river, dam, and forest. Ashland Park is a lovely place to have a picnic with your Valentine while watching the Louisville cityscape.
2. Charlestown State Park & Rose Island
Charlestown State Park provides some of Southern Indiana's best views on trails under 3 miles. To add romance, visit Rose Island. Due to the bare winter trees, this abandoned amusement park looks beautiful and nostalgic.
3. Big Four Bridge
For couples looking to have a day out, Big Four Bridge is near several great restaurants and attractions. From Louisville to Jeffersonville, the mile-long bridge offers river views and downtown parks and restaurants. You may see more at Fisherman's Wharf or hunt for food and drinks in downtown Jeffersonville.
History lovers may embark on an enchanted trip through time with Southern Indiana's array of immersive experiences and historic landmarks.
1. The Culbertson Mansion State Historic Site
The southern Indiana Culbertson Mansion may be the most charming. The Culbertson family's 1867 Victorian house is elegant. The tour is enjoyable, with 20,000 square feet of stunning history and distinct Victorian architecture. To schedule a getaway, please visit their page.
2. Howard Steamboat Museum
The couple who loves Titanic reenactments should visit the Howard Steamboat Museum. The museum captures maritime history uniquely. The Howard family's 1894 Romanesque Revival house honors early 19th-century steamboat designs. You may revisit Rose's grand entrance just by going up the staircase—perfect for fans of the Titanic movie.
Conclusion
Southern Indiana provides several romantic Valentine's Day activities for couples. You can do so many things tailored to your interests, whether you're interested in cuisine, outdoor activities, or history. That said, there are endless opportunities to build memories with the person you love.
Which one's your go-to destination this Valentine's Day?
The holiday season has officially started, and if you're looking for activities that would make your family weekend more fun and exciting, you're in the right place!
In this post, we've gathered all the Indiana holiday family events you can visit to make this season of giving happier and more memorable.
November 10 to January 6
Indiana Historical Society | 450 W Ohio St, Indianapolis, IN 46202
The Festival of Trees offers more than 75 exquisitely decorated trees in a winter paradise portraying Indiana companies, organizations, and individuals.
November 10 to December 31
Indiana State Fairgrounds | Indiana State Fairgrounds, 1698 E
For the 2023 holiday season, Indianapolis will host Christmas Nights of Lights once again! Families will experience a mystical drive through a coordinated display of over a million lights set to contemporary and classic Christmas music that plays directly via your car's sound.
To learn more about the ticket prices, you may click this link.
Starting November 17
Ellis Park | 600 E Main Street, Danville, IN 46122
Another drive-through experience, Danville's Winterland Holiday Light Show in Ellis Park features hundreds of displays with thousands of lights to celebrate the holiday season.
Ticket prices vary; on weekends, admission is $10 per car, while during the week, it is $5 per car.
Learn more about it here.
November 18 to December 24
Between The Palladium and The Tarkington Theater | 10 Carter Green, Carmel, IN 46032
This year, Carmel's Chriskindlmarkt is returning and delivering the European festive vibes. Products from Germany and other German-speaking European nations are so good and authentic here, that you won't feel like you are in Carmel, Indiana.
Don't forget to take in the stunning outdoor ice skating rink!
Note: Carmel Christkindlmarkt is closed on Christmas Day. You can view their schedule here.
November 18 December 30th
Indianapolis Zoo | 1200 W Washington St, Indianapolis, IN 46222
Remarkably, tourists have been enjoying Christmas at the Zoo since 1967.
General admission includes access to "Santa's Village" in the Bicentennial Pavilion, where you can participate in activities such as a visit with Santa Claus, a stop by Mrs. Claus' Kitchen, a look at Santa's infamous sleigh and reindeer at Santa's Barn, an adult-only Tinsel Tavern, the Penguin Encounter, and their Polar Pathway.
Check out their event map and other details here.
November 18 to January 15
Eiteljorg Museum | 500 W Washington St, Indianapolis, IN 46204
This one-of-a-kind Hoosier holiday tradition is an exciting attraction for kids and kids at heart.
It features nine model trains that wind across a miniature festive scene at Jingle Rails, a "G-scale model train wonderland." It strolls among different locations, such as the Monument Circle, Union Station, Lucas Oil Stadium, Eiteljorg Museum, Grand Canyon, Yosemite Falls, Old Faithful, the Las Vegas Strip, Hoover Dam, and Mt. Rushmore.
Learn more about it here.
November 18 to February 11
Children’s Museum | 3000 N Meridian St, Indianapolis, IN 46208
A brand new exhibit opened at the Child's Museum, and it's no other than the WinterFaire.
Replacing Jolly Days, this fantastic indoor environment comes with a lively, carnival-like ambiance, entertaining games, endearing animals, and interactive experiences.
Enjoy this unique winter experience together while you play, laugh, and create lifelong memories.
Go to the event website to find out more.
November 19 to January 7th
Newfields | 4000 N Michigan Rd, Indianapolis, IN 46208
For most families, taking in Winterlights at Newfields has become a yearly event, and if you're one of them, you might be glad to know that it's back.
Meanwhile, if you haven't experienced it yet, here's your chance to see more than a million and a half lights sparkle in The Garden during Winterlights.
Learn more about the events and ticket prices here.
November 24 to December 23
Sullivan Hardware & Garden | 6955 N Keystone Ave, Indianapolis, IN 46220
The Sullivan Express is a well-liked holiday mainstay in Indianapolis that offers a delightful train excursion for families to visit Santa at the North Pole. A guided train ride to the North Pole awaits you when you check in at Central Station.
You and your children get to see and take pictures with Santa Claus himself as he gets ready for his big Christmas Eve present delivery. You also get to play in Santa's workshop.
Expect surprises along the way!
Check out their time slots here.
November 24 to December 31
Indiana State Museum | 650 W Washington St, Indianapolis, IN 46204
Take yourself and your family to the magical world of the holidays at
Celebration Crossing, Indiana State Museum.
Enjoy the highlights of Celebration Crossing this year, including visits with Santa, meeting his reindeer in the Reindeer Barn, Magical Mornings, Santa's Holiday Breakfasts, Winter Wonderland Workshops, and more.
This year, take the Snowfall Express, an enjoyable ride that will take you to "a forest populated by charming, whimsical characters celebrating the coming winter and the first snowfall."
Learn more here.
November 24 to January 14
Monument Circle | 1 Monument Circle, Indianapolis, IN 46204
The Circle of Lights on Monumental Circle in downtown Indianapolis comes to mind when one thinks about Indianapolis during the holidays.
This year marks the 61st year the lights have been turned on, which always happens the day after Thanksgiving.
Before the grand finale, there will be musical acts and performances throughout the traditional televised show on WTHR. Afterward, Santa Claus will turn the monument's lights on, and they will stay bright until January 14th.
Starting December 3
Greenwood Amphitheater Park | 300 S Washington St, Greenwood, IN 46143
Take a stroll through Amphitheater Park and enjoy the festive lights! You can make this a new holiday custom with your family as you take photos and create memories together.
Enjoy wonderful attractions, such as the 3600 lights on the bridge, the 12-arch candy cane tunnel, and 85 light trees!
December 21 & December 22
Conner Prairie | 13400 Allisonville Rd, Fishers, IN 46038
Every member of your family will enjoy themselves at Conner Prairie's yearly Merry Prairie Holiday.
Take part in all of your favorite regular activities, such as the 150-foot Polar Bear Plunge tubing hill with a new light tunnel to take you through, the historic Prairietown, the gorgeous light displays, Kringle's Carousel, and Trinket Puddingmoon featuring Santa's official naughty or nice list.
This year, the William Conner House will transform into a 3D projection mapping holiday production, showcasing "Twas The Night Before Christmas," creating nostalgic festive vibes.
Don't miss the Winterland stroll where you may travel from the 1836 Prairietown to the 1863 Civil War Journey under a brand-new set of holiday lights.
To Be Announced
Mulberry Fields Park | 9645 Whitestown Rd, Zionsville, IN 46077
Mulberry Fields Park in Zionsville is transforming into a wintry paradise in preparation for Winterfest.
Experience the nostalgia of ice skating and stroll through the festive town to eat and take in live entertainment.
You can also go sledding and make a wreath!
To Be Announced
Federal Hill Commons | 175 Logan St, Noblesville, IN 46060
Go above and beyond this holiday season at Federal Hill Commons, Noblesville as you enjoy a private carriage ride, go ice skating on Market Plaza, explore the walking light display, and leave a note for Santa in a designated mailbox at the Christmas Cottage, to name a few activities.
Everyone has access to their snacks and beverages so you won't get hungry.
Learn more here.
Did we miss anything? If yes, feel free to share your favorite Indiana holiday events in the comments below.
There are tons of reasons why it's good to buy real estate in Indiana. For one, the home prices here are much lower, making it practical for families and even real estate investors to buy homes at an affordable price.
No wonder Indiana is growing in popularity as a real estate investment hub; other than affordable housing, it's known for its strong economy, excellent universities, and excellent growth. So, if you're looking for a home for sale in Indianapolis, below are good areas for real estate investment.
Here are the ten good areas for real estate investment that you need to know if you want to invest in Indiana:
Downtown Indianapolis draws families and young professionals due to its thriving companies, vibrant nightlife, and many cultural attractions. Due to the area's strong demand and low vacancy rates, investing in condos or flats here can result in substantial rental revenue.
Broad Ripple Village is a sanctuary for millennials because of its thriving artistic community and diverse eateries and businesses. The distinct appeal of this area and its robust rental market make it a great place to invest in real estate.
Fountain Square has changed dramatically from a forgotten area. Today, it's a trendy neighborhood with a booming arts scene and many new restaurants and stores. As the area gentrifies, fixer-uppers can yield high profits.
Carmel is one of the best areas to live in the U.S. due to its excellent schools, minimal crime, and good quality of life. This upscale area has single-family houses with regular rental income and appreciation potential.
Fishers, a family-friendly town with outstanding schools and a robust employment market is another highly regarded suburb. This neighborhood is a good place to invest in real estate because of the increased house demand.
Zionsville is a delightful tiny town with a feeling of an ancient village. Wealthy families are drawn to the area by the high-end mansions, top-notch schools, and low crime rates, allowing investors to enter the luxury property market.
Meridian-Kessler is one of Indianapolis' most desired neighborhoods because of its historic homes and tree-lined avenues. The robust housing market and great demand in this area make investing profitable.
Greenwood, a suburb of Indianapolis, has a robust rental market and affordable housing. Its convenient location in downtown Indianapolis makes it a desirable alternative for commuters and a wise real estate investment.
Westfield is a rapidly expanding community with a robust housing market. Because of its consistent growth and generally high standard of living, the area is an attractive prospect for real estate investment.
Noblesville is a well-liked option for families due to its charming downtown, distinguished educational system, and robust labor market. Investing in this neighborhood has the potential to generate reliable rental income in addition to capital appreciation.
Indianapolis has many real estate investment opportunities. Each community provides investors with various possibilities, from downtown to the lovely outskirts. This dynamic city offers excellent opportunities for condo, single-family, and fixer-upper investors.
Need help finding the best real estate investment? Let our experts help you!
RE/MAX Advanced Realty has been the top RE/MAX team in Indiana for 12 years, and we couldn't have done that without our top-notch realtors.
So if you need help buying a real estate in Indiana or even selling your home, we are confident that our real estate services can help you.
Talk to us today by calling 317-316-8224 to learn more!
8313 W. 10th St
Indianapolis IN 46234
dennis@indyhomepros.com
317-316-8224