Indianapolis-Carmel-Greenwood, IN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's stabilizing Indianapolis-Carmel-Greenwood market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Indianapolis-Carmel-Greenwood, IN.
The Indianapolis-Carmel-Greenwood market is exhibiting stabilizing dynamics, characterized by a pending ratio of 0.50. Active listings have expanded by 20.8% year-over-year, absorbing some of the buyer demand previously unmet by available inventory.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Indianapolis-Carmel-Greenwood market right now.
Active listings have seen a substantial year-over-year increase of 20.8%, with new listings also rising by 3.5% over the past year. Concurrently, the median listing price has declined by 5.3% year-over-year, alongside a 1.6% month-over-month reduction. The pending ratio has contracted by 11.8% year-over-year to 0.50, indicating a deceleration in demand relative to available supply. Median days on market have increased by 8.5% over the past year, reflecting a slightly slower absorption pace.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current market condition suggests a more balanced negotiating environment. The expansion in active listings and increased days on market indicate that buyers may experience less urgency, allowing for greater price discipline. While demand continues to absorb available supply, the pace of transactions has moderated, reducing extreme pressure on inventory.
The average listing price has declined by 3.8% year-over-year, while the median listing price decreased by 5.3% over the same period. This differential, combined with a 4.4% year-over-year increase in median $/sqft, suggests some shifts in the higher-priced segments, although not a clear signal of broad luxury-segment softness.
6,422 active listings represent the current floor, with new supply arriving at roughly 3,084 per month.
of active listings carry a price reduction, -0.6% from prior period.
Median price per square foot has moved +4.4% year-over-year.
Pending-to-active ratio — Stabilizing.
Recommended For This Market
StabilizingSelling in Indianapolis-Carmel-Greenwood, IN? Homes here are taking 4 days longer to sell than last year.
Indianapolis-Carmel-Greenwood, IN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 50%
- Median Days on Market
- 51 days
- Inventory YoY
- +21%
Indianapolis-Carmel-Greenwood, IN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
ZIPs in Indianapolis-Carmel-Greenwood, IN
46203
indianapolis
$230K
252 active · 69 DOM
46201
indianapolis
$200K
240 active · 56 DOM
46074
westfield
$515K
216 active · 51 DOM
46143
greenwood
$375K
213 active · 59 DOM
46218
indianapolis
$150K
184 active · 62 DOM
46205
indianapolis
$298K
157 active · 58 DOM
46202
indianapolis
$445K
151 active · 82 DOM
46140
greenfield
$310K
142 active · 52 DOM
46226
indianapolis
$173K
137 active · 51 DOM
46237
indianapolis
$286K
136 active · 54 DOM
46208
indianapolis
$216K
134 active · 54 DOM
46227
indianapolis
$239K
132 active · 50 DOM
46037
fishers
$445K
131 active · 38 DOM
46123
avon
$365K
125 active · 45 DOM
46239
indianapolis
$329K
125 active · 60 DOM
46032
carmel
$625K
106 active · 55 DOM
46062
noblesville
$415K
104 active · 45 DOM
46060
noblesville
$385K
103 active · 38 DOM
Sorted by active inventory · click a ZIP for its full report