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Market Watch

January’s residential real estate market remained stable, with inventory increasing

INDIANAPOLIS (February 10, 2025) After an unusually active fourth quarter 2024, central Indiana’s residential real estate market stabilized in January with inventory increasing. According to F.C. Tucker Company, part of the Howard Hanna family of companies:

  • Available housing inventory increased 21.3 percent compared to January 2024.
  • Homes spent eight days, or 25.8 percent, longer on the market than this time last year.
  • Pended home sales decreased 7 percent compared to this time last year.
  • Compared to January 2024, the median home sale price for the 16-county central Indiana region increased 5.4 percent to $289,900.

In January 2025, 2,298 central Indiana homes were purchased, down 7 percent from the 2,470 sold in January 2024.

  • Hancock County had the greatest increase in pended home sales in January 2025, up 32.3 percent compared to this time last year.
  • Shelby County pended sales had the greatest decrease, with 44.2 percent fewer homes sold compared to January 2024.

Central Indiana year-to-date home sale prices increased 5.4 percent overall.

  • Brown County recorded the highest year-to-date median home sale price decrease, down                  6.6 percent.
  • Hamilton County had the highest year-to-date median home sale price in the region at $443,997.
  • Homes sold in 39 days, spending eight days, or 25.8 percent, longer on the market than January 2024. Johnson County homes sold 11.4 percent faster than this time last year, the greatest increase in central Indiana.

Central Indiana experienced a 21.3 percent increase in overall available home inventory in January 2025, compared to January 2024, with 763 more homes available for sale.

  • Jennings County had the largest inventory increase – up 63 percent compared to January 2024.
  • Boone County had the greatest decrease in inventory – down 17.2 percent compared to this time last year.

“We typically expect to see a slower market at the beginning of a new year just after the holiday season, and this year is no exception,” said Jim Litten, president of F.C. Tucker Company. “However, the continued increase of available inventory means prospective buyers will have a robust select of homes to choose from during the busier spring season.”

Of the pended home sales in the region last month, three were priced $2,000,000 or higher; 23 were priced $1,000,000 to $1,999,999; 258 were priced $500,000 to $999,999; 835 were priced $300,000 to $499,999; 722 were priced $200,000 to $299,999; 399 were priced $100,000 to $199,999; and 58 were priced at $99,999 or less.

Editor’s Notes: 

  • All statistics were compiled by F.C. Tucker Company from a report drawn from BLC® statistics on         October 8, 2024. Because of delayed processing through other agencies or boards, these numbers are subject to change.
  • Effective April 7, 2019, data from MIBOR only reports on single family homes and excludes condo sales. F.C. Tucker will continue to include condo sales in this report.
  •  “Pending” means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.
  •  “Active Listings – Inventory” is a snapshot frozen in time at the end of the stated month. Per MIBOR, effective April 1, 2018, “Active with Contingency” no longer is a status in the BLC® listing service in order to present a true picture in advertising and marketing. Those listings that were in the “Active with Contingency” status have been moved from the “Active” status to the “Pending” status.
  • For this report, F.C. Tucker tracks the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby. The first report tracking Jackson County data was pulled August 7, 2019.

 

PENDED SINGLE-FAMILY AND CONDOMINIUM SALES

ACTIVE LISTINGS – INVENTORY

AVERAGE SALE PRICE

 

Founded in 1918, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than $5 billion in annual sales, more than 40 offices, and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. F.C. Tucker’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. We have earned a reputation for our exceptional service, experienced sales associates and “Golden Rule” commitment to clients and employees. In 2021, F.C. Tucker formed a partnership with Pittsburgh-based Howard Hanna Real Estate Services, the nation’s largest independently owned real estate brokerage firm, furthering each company’s ability to provide best-in-class service and enhance the real estate experience for clients by providing best-in-class agents, products and services. For more information, visit talktotucker.com.