Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowImproved mortgage rates and a larger selection of houses on the market led to an increase in home buying in central Indiana in August, according to the latest data from the MIBOR Realtor Association.
Closed existing-home sales in the 17-county area rose 5.3% on a year-over-year basis, from 2,711 in August 2024 to 2,854 in August 2025. The increase in year-over-year sales was the third this year in eight months.
The median sales price for a home in the area rose 2.8% in August, to $318,750.
The active inventory of homes rose from 4,987 in August 2024 to 5,900 last month, an 18.3% year-over-year increase.
New listings ticked down 1% from a year ago, to 3,435.
Pending sales were up 6.5% in August compared with the same month a year ago.
“The central Indiana housing market remains resilient,” MIBOR CEO Shelley
Specchio said in written remarks. “Pending sales are responding favorably to lower mortgage rates and rising inventory levels are giving consumers more options. The market is gradually shifting from favoring sellers to becoming more balanced, providing pockets of opportunity for buyers to enter the market.”
Home sellers in central Indiana received 97.9% of their asking price in August, down slightly from 98.3% a year ago.
On a year-to-date basis, closed sales in the 17-county market are up 1.7% overall compared to the same period of 2024, to 20,269 homes.
Marion County
In Marion County, closed sales in August fell 2.8% from a year ago, to 958. The median sales price in the county rose 1% from a year ago, to $257,500.
Other area counties
In Hamilton County, sales jumped 11.4% in August on a year-over basis, to 547. The median sales price in the county fell 2.6%, to $457,900.
In Hendricks County, sales increased 12.9% in August, to 272, and the median sales price rose 3.2%, to $372,500.
In Johnson County, sales were up 10.5% last month, to 222, while the median sales price increased 9.5%, to $353,000.
Hancock County sales were up 25% in August compared with a year ago, to 140. The median price rose 0.7%, to $352,500.
Sales declined 6.7% in Madison County in August, to 140. The median sales price dropped 13.7%, to $181,250.
Sales in Boone County were up 6.1% last month, to 121, while the median price increased 3.2%, to $420,000.
Morgan County sales soared 41.1%, to 103, last month, and the median sales price climbed 14.6%, to $315,000.
Shelby County saw a 9.5% increase in closed sales in August, to 46. The median price was up 17.6%, to $266,250.
Statewide sales
Existing-home transactions were up 7% on a year-over-year basis statewide in August, with closed sales coming in at 7,754, according the Indiana Association of Realtors.
Statewide, the median sale price rose to $275,000 last month, up 4% from a year ago.
Please enable JavaScript to view this content.
Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.