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For June 2021, the two-year change is 33.1 percent, and the 12-month moving average as of June 2021 is 26.3 percent. Any of those measures of change far outpace the most optimistic scenarios for wage and income growth over the same period.
The “Indianapolis Metro Area Homebuyer Misery Index,” developed by the Common Sense Institute, captures the impact of housing prices and mortgage rates on the affordability of purchasing a new home.
In September 2024, Indianapolis home prices were up 1.8% compared to last year, selling for a median price of $236K. On average, homes in Indianapolis sell after 17 days on the market compared to 14 days last year. There were 1,010 homes sold in September this year, up from 996 last year.
Jun 20, 2022 · 5-year change in house prices: 68.8%; One-year change in house prices: 18.9%; Monthly change in home prices: 1.7%; Experienced real estate investors in Indianapolis also research housing affordability to help forecast the current and future demand for rental real estate.
Jan 28, 2022 · The median price for homes sold in the area in 2021 jumped 14.5%, to $249,000, compared with $217,500 in 2020. The active inventory in December dropped 13.8%, to 2,094 houses, on a...
Indiana’s housing market was swept into uncharted waters in 2021. Through a combination of scarce market inventory, strong buyer demand and rock-bottom mortgage rates, Indiana house prices rose by an unprecedented 17.5% year-over-year in the second quarter (see Table 1).
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Jul 6, 2022 · INDIANAPOLIS — Buying a house right now in the Indianapolis area costs almost 13% more than it did a year ago. The median sales price for an Indy home is now $287,625, according to...
