Real Estate Numbers Strong in March Locally

For the first time in four months, pended home sales in central Indiana increased in March. Available housing inventory also rose, while home sale prices remained relatively flat.

According to F.C. Tucker Company, part of the Howard Hanna family of companies:

In Noblesville in March:

• Closed home sales increased 11 percent compared to March 2024.
• Homes sold two days, or 28.6 percent, faster than this time last year, leaving the market in five days on average.
• Compared to March 2024, the median home sale price increased 6.7 percent to $400,000.
• The median price per square foot also increased, up 7.6 percent to $183.

In Hamilton County in March:

• Pended home sales increased 15.7 percent compared to March 2024.
• Available housing inventory increased 6.9 percent.
• Hamilton County homes remained on the market only one day longer than this time last year, leaving the market in 10 days on average.
• The median home sale price increased 5.4 percent to $437,500.

Beyond Hamilton County, the numbers were also good.

• Pended home sales increased 3.7 percent compared to March 2024.
• Available housing inventory increased 20.7 percent compared to March 2024.
• Homes spent five days, or 33.3 percent, longer on the market than this time last year.
• Compared to March 2024, the median home sale price for the 16-county central Indiana region increased 3.1 percent to $299,000.

In March 2025, 3,298 central Indiana homes were purchased, an increase of 3.7 percent from the 3,179 sold in March 2024. Year-to-date home sale prices increased 5.4 percent overall. And central Indiana experienced a 20.7 percent increase in overall available home inventory in March 2025, compared to March 2024, with 728 more homes available for sale.

“Now that spring is here, we expect to see the central Indiana residential real estate market reinvigorate,” said Jim Litten, president of F.C. Tucker Company. “Interest rates have stabilized, inventory is increasing, and the median home sale price remains flat, at the same level as last summer, creating an attractive market for prospective buyers.”

Of the pended home sales in the region last month, seven were priced $2,000,000 or higher; 57 were priced $1,000,000 to $1,999,999; 455 were priced $500,000 to $999,999; 1,174 were priced $300,000 to $499,999; 947 were priced $200,000 to $299,999; 571 were priced $100,000 to $199,999; and 87 were priced at $99,999 or less.