Is Fishers, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fishers is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fishers has remained a Seller's Market.

Key Takeaway

Fishers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fishers, IN

How much do homes in Fishers, IN cost?

Median Sold Price

$394,448

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,948(+2.3%)

Key Takeaway

Homes in Fishers have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Fishers was $394,448 in May 2024, up 2.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $156.7K$184.5K
+17.7%
2 $280K$300K
+7.1%
3 $325K$334.9K
+3.0%
4 $428.4K$445.2K
+3.9%
5+ $630.3K$668.7K
+6.1%

Summary: Fishers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Noblesville
+5.0%
Delaware Township
+4.5%
Fishers
+2.3%
Fall Creek Township
+1.8%
McCordsville
-1.1%

Housing Supply in Fishers, IN

How many homes are available in Fishers, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
437468+7.1%

Summary: The Fishers real estate market had 468 homes for sale in May 2024, a 7.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 3936
-7.7%
3 141156
+10.6%
4 168170
+1.2%
5+ 88103
+17.0%

Summary: The Fishers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 17%.

Number of Homes Sold

Apr 2024May 2024CHANGE
132143+8.3%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

59 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fishers, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.

Summary: A total of 143 homes were sold or pending in Fishers in May 2024, up by 8.3% month-over-month. Of the 143 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.

Days on Market for Fishers, IN

How long does it take to sell a home in Fishers, IN?

Average Sale Time

May 2023May 2024CHANGE
20 Days21 Days+2.1%

Summary: Homes in Fishers had an average of 21 days on market in May 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

119 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fishers are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 143 homes were sold in Fishers; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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