Mitch's Weekly Market Report

Carmel, IN

Condos/Townhomes

ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673


Carmel, IN

Mon Jun 16 2025
This week the median list price for Carmel, IN is $439,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 49. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Carmel, IN

Mon Jun 16 2025
This week the median list price for Carmel, IN is $439,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 49. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $439,000
Median Price of New Listings $367,500
Per Square Foot $219
Average Days on Market 107
Median Days on Market 35
Price Decreased 39%
Price Increased 0%
Relisted 2%
Inventory 49
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$849,500 2,105 - 2 2.5 1 0 0 294
$495,000 2,175 0 - 4,500 sqft 3 2.5 9 3 3 21
$397,500 1,917 0 - 4,500 sqft 3 2.5 10 2 2 49
$240,000 1,147 0 - 4,500 sqft 2 2 30 3 2 21