Mitch's Weekly Market Report

Carmel, IN 46032

Condos/Townhomes

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


Carmel, IN 46032

Tue Nov 03 2026
This week the median list price for Carmel, IN 46032 is $420,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 57. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Carmel, IN 46032

Tue Nov 03 2026
This week the median list price for Carmel, IN 46032 is $420,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 57. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $420,000
Median Price of New Listings $335,000
Per Square Foot $223
Average Days on Market 108
Median Days on Market 42
Price Decreased 32%
Price Increased 2%
Relisted 4%
Inventory 57
Median Rent
Market Action 33
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,699,900 2,388 0 - 4,500 sqft 2 3 1 0 0 84
$499,950 1,951 0 - 4,500 sqft 2 2.5 7 0 5 45
$337,450 1,645 0 - 4,500 sqft 2 2 23 1 4 38
$219,500 1,099 0 - 4,500 sqft 2 2 33 0 1 42