Mitch's Weekly Market Report
Carmel, IN 46032
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Carmel, IN 46032
Sun Jun 21 2026
This week the median list price for Carmel, IN 46032 is $684,250 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has increased to 60.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $684,250 | |
| Median Price of New Listings | $554,950 | |
| Per Square Foot | $239 | |
| Average Days on Market | 65 | |
| Median Days on Market | 35 | |
| Price Decreased | 45% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 60 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,350,000 | 7,871 | 0.5 - 1 acre | 5 | 5.5 | 20 | 1 | 2 | 49 |
| $829,000 | 3,312 | 0.25 - 0.5 acre | 4 | 2.5 | 33 | 3 | 2 | 35 |
| $529,000 | 2,496 | 0.25 - 0.5 acre | 4 | 2.5 | 32 | 6 | 3 | 7 |
| $435,000 | 1,935 | 0.25 - 0.5 acre | 3 | 2.5 | 39 | 2 | 3 | 35 |