Housing data released by the MIBOR BLC® comparing October 2023 to October 2024 shows:
- An increase in Median Sales Price of 3.5% to $300,000
- An increase in Closed Sales of 9.1% to 2,535
- An increase in New Listings of 9.1% to 3,171
In October 2024, the median sales price for a single-family home in Central Indiana rose 3.5% over last year to $300,000 but was unchanged from September. In the MIBOR BLC® Listing Service area, 10 of 17 counties saw a year-over-year increase in median sales price, including Bartholomew, Hancock, Hendricks, and Marion counties.
“The housing market in Central Indiana continues to respond well to lower interest rates." “In addition to stronger closed sales, another sign of this strength can be seen in pending sales, as they continued to increase from September to October. Normally, we would see a seasonal decline during this period. Inventory levels continue to provide consumers with more options and although interest rates are sitting higher than September levels, they are roughly one percentage point lower than the same period last year.”
