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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Noblesville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Noblesville, IN

How much do homes in Noblesville, IN cost?

Median Sold Price

$360,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,150(+5.0%)

Key Takeaway

Homes in Noblesville have sold for 5% more than they did a year ago.

Summary: The median home sold price in Noblesville was $360,000 in May 2024, up 5% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $257K$290K
+12.8%
2 $260K$285K
+9.6%
3 $299.8K$312.9K
+4.4%
4 $395K$411.7K
+4.2%
5+ $500.5K$522.5K
+4.4%

Summary: Noblesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+9.8%
Noblesville
+5.0%
Delaware Township
+4.5%
Noblesville Township
+2.5%
Fishers
+2.3%

Housing Supply in Noblesville, IN

How many homes are available in Noblesville, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
313309-1.3%

Summary: The Noblesville real estate market had 309 homes for sale in May 2024, a 1.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 4135
-14.6%
3 115120
+4.3%
4 108114
+5.6%
5+ 4536
-20.0%

Summary: The Noblesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
100102+2.0%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Noblesville, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 102 homes were sold or pending in Noblesville in May 2024, up by 2.0% month-over-month. Of the 102 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.

Days on Market for Noblesville, IN

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

Average Sale Time

May 2023May 2024CHANGE
14 Days26 Days+80.7%

Summary: Homes in Noblesville had an average of 26 days on market in May 2024, up by 80.7% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 102 homes were sold in Noblesville; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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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