REAL-TIME MARKET NUMBERS
Carmel, IN 46032
Condos/Townhomes
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Carmel, IN 46032
Wed Jun 18 2025
This week the median list price for Carmel, IN 46032 is $469,250 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $469,250 | |
| Median Price of New Listings | $367,500 | |
| Per Square Foot | $241 | |
| Average Days on Market | 115 | |
| Median Days on Market | 35 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $860,000 | 2,501 | - | 2 | 2.5 | 1 | 0 | 0 | 294 |
| $575,000 | 2,242 | 0 - 4,500 sqft | 3 | 2.5 | 6 | 3 | 2 | 21 |
| $419,000 | 2,090 | 0 - 4,500 sqft | 3 | 2.5 | 14 | 2 | 2 | 28 |
| $235,000 | 1,083 | - | 2 | 2 | 28 | 3 | 2 | 21 |