May Housing Market Heated Up

The residential real estate market in Noblesville and throughout Hamilton County kicked into high gear in May, with home sales increasing and homes selling quickly. Median home sale prices in Noblesville also experienced a slight price decrease.

In Noblesville in May:

• Closed home sales increased 12.9 percent, compared to May 2024.
• Homes sold in just nine days on average, remaining on the market four days longer than in May of 2024.
• The median home sale price decreased 1.7 percent to $413,000 compared to this time last year
• The median price per square foot for a Noblesville home increased 4.8 percent to $173.

In Hamilton County in May:

• Pended home sales increased 3.8 percent, compared to May 2024.
• Homes sold in just seven days on average, leaving the market in the same amount of time as May of 2024.
• Inventory increased 31.4 percent countywide.
• The median home sale price increased 4.9 percent to $461,503.