$10,000 Closing Credit*
$1,699,900
8,311 SqFt
5 Beds
•5 Full Baths, 1 Partial
Donna Park, Listing Office: Bellingrath Realty, LLC
Is Carmel, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Carmel has remained a Seller's Market.
Key Takeaway
Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carmel, IN
How much do homes in Carmel, IN cost?
Median Sold Price
$522,708
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,657(+7.5%)
Key Takeaway
Homes in Carmel have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Carmel was $522,708 in October 2024, up 7.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $180K | +2.9% |
| 2 Bedrooms | $313.9K | $340.9K | +8.6% |
| 3 Bedrooms | $404.6K | $416.3K | +2.9% |
| 4 Bedrooms | $509.9K | $555.2K | +8.9% |
| 5+ Bedrooms | $822.9K | $875K | +6.3% |
Summary: Carmel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Clay Township | $480.3K | $525.2K | +9.3% |
| Carmel | $486K | $522.7K | +7.5% |
| Delaware Township | $332.1K | $344.8K | +3.8% |
| Fishers | $396.9K | $400K | +0.8% |
| Westfield | $447.8K | $446.1K | -0.4% |
Housing Supply in Carmel, IN
How many homes are available in Carmel, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 406 | 393 | -3.2% |
Summary: The Carmel real estate market had 393 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 56 | 54 | -3.6% |
| 3 Bedrooms | 141 | 141 | 0.0% |
| 4 Bedrooms | 122 | 122 | 0.0% |
| 5+ Bedrooms | 85 | 73 | -14.1% |
Summary: The Carmel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 116 | -2.5% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Carmel in October 2024, down by 2.5% month-over-month. Of the 116 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Carmel, IN
How long does it take to sell a home in Carmel, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +1.9% |
Summary: Homes in Carmel had an average of 23 days on market in Oct 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carmel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 116 homes were sold in Carmel; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.