Real Estate Prices on Rise, But Sales Steady
Noblesville and Hamilton County saw a steady residential real estate market in February, with homes selling at about the same pace as this time last year, despite continued price increases, according to F.C. Tucker Company, part of the Howard Hanna family of companies.
In Noblesville in February:
- Noblesville homes remained on the market two days longer than this time last year, selling in 13 days on average.
- Closed home sales decreased 4.3 percent compared to February 2024.
- The median home sale price in Noblesville increased 10.8 percent to $399,000, compared to February 2024. The price per square foot also increased 1.2 percent to $166.
In Hamilton County in February:
- Available housing inventory increased 15.5 percent, with 73 more homes available for sale compared to this time last year.
- Homes in Hamilton County spent three days longer on the market compared to this time last year.
- Pended home sales decreased 1 percent compared to February 2024.
- The median home sale price in Hamilton County continued to increase, up 3.9 percent to $426,000 – the highest median home sale price of all central Indiana counties.
Throughout central Indiana, homes for sale continued to increase. Tucker found that:
- Available housing inventory increased 17.9 percent compared to February 2024.
- Homes spent eight days, or 38.1 percent, longer on the market than this time last year.
- Pended home sales decreased 4.5 percent compared to this time last year.
- Compared to February 2024, the median home sale price for the 16-county central Indiana region decreased 6.8 percent to $297,228.