Mitch's Weekly Market Report
Carmel, IN 46032
Condos/Townhomes
ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Carmel, IN 46032
Wed Mar 12 2025
This week the median list price for Carmel, IN 46032 is $635,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $635,000 | |
| Median Price of New Listings | $524,950 | |
| Per Square Foot | $280 | |
| Average Days on Market | 134 | |
| Median Days on Market | 98 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,125,000 | 2,840 | 0 - 4,500 sqft | 3 | 3.5 | 2 | 0 | 0 | 126 |
| $810,000 | 1,965 | 0 - 4,500 sqft | 2 | 2.5 | 1 | 1 | 0 | 199 |
| $487,500 | 2,186 | 0 - 4,500 sqft | 3 | 2.5 | 18 | 3 | 1 | 7 |
| $242,500 | 1,410 | 0 - 4,500 sqft | 2 | 2 | 25 | 0 | 1 | 63 |