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?

Best Time To List A Home For Sale 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?

If you're selling for a higher price...

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.

If you're in a rush to sell your home...

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.

If you're wondering what's the best day of the week to sell a home...

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.

If you're wondering what's the best season to sell a house in Indiana...

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:

• It's not as busy as fall and winter, therefore people have more time at home house-hunting.
• Families can relocate without having a conflict with their kid's school time.
• During summer, the weather is better and the daylight hours are longer, making it a better time to schedule home viewings.

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 Should You Sell Your Home?

When selling a home, here are the things you need to consider:

When there are changes in:

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.

When the market is in your favor:

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.

When you're financially prepared:

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.