The Indianapolis-Carmel market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Indianapolis, IN metro area, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 1.8 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold for about 1.5% below their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $325,000 |
| Apr 2026 | $315,000 |
| Mar 2026 | $310,000 |
| Feb 2026 | $300,000 |
| Jan 2026 | $300,000 |
| Dec 2025 | $310,000 |
| Nov 2025 | $310,000 |
| Oct 2025 | $310,000 |
| Sep 2025 | $312,000 |
| Aug 2025 | $318,000 |
| Jul 2025 | $325,000 |
| Jun 2025 | $325,000 |
| May 2025 | $316,000 |
| Apr 2025 | $310,000 |
| Mar 2025 | $303,000 |
| Feb 2025 | $297,948 |
| Jan 2025 | $294,000 |
| Dec 2024 | $305,000 |
| Nov 2024 | $304,500 |
| Oct 2024 | $299,000 |
| Sep 2024 | $300,000 |
| Aug 2024 | $312,000 |
| Jul 2024 | $303,000 |
| Jun 2024 | $320,000 |
| May 2024 | $315,500 |
Source: Redfin Data Center, Indianapolis, IN metro area. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
What the metro area covers
The Census Bureau counts about 2,174,833 people in the Indianapolis-Carmel-Greenwood, IN metro area, across 11 counties. Property taxes, recording fees and some transfer taxes are set county by county, so check the county your home is in.
| County | Population (2024 estimate) |
|---|---|
| Marion County, IN | 981,628 |
| Hamilton County, IN | 379,704 |
| Hendricks County, IN | 190,629 |
| Johnson County, IN | 170,614 |
| Madison County, IN | 134,222 |
| Hancock County, IN | 88,810 |
| Boone County, IN | 78,773 |
| Morgan County, IN | 73,825 |
| Shelby County, IN | 45,654 |
| Brown County, IN | 15,650 |
| Tipton County, IN | 15,324 |
Towns with the most ZIP codes in the area: Indianapolis, Anderson, Carmel, Fishers, Noblesville, Greenwood, Lebanon, Thorntown, Whitestown, Zionsville, Advance, Jamestown.
Population and counties: U.S. Census Bureau, Vintage 2024 population estimates and 2023 metro delineations.
Indiana rules that affect sellers
Transfer tax
Indiana does not charge a real estate transfer tax. Sellers may still see ordinary closing costs and possible homeowners association fees.
Source: HomeLight, Is There an Indiana Real Estate Transfer Tax? (secondary source)
Seller disclosure
Yes. Indiana's seller disclosure law (Indiana Code 32-21-5) requires a home seller to complete the state Seller's Residential Real Estate Sales Disclosure form and give it to the buyer before an offer is accepted. If a defect is disclosed after the offer is accepted, the buyer can cancel the contract and get deposits back.
Who handles the closing
Indiana closings are customarily handled by title companies, and state law does not require an attorney at closing, though either side may hire one.
Source: HomeLight, states that require a real estate attorney at closing (secondary source)
Also worth knowing
Every sale needs a state Sales Disclosure Form (State Form 46021) filed with the deed. The county auditor will not accept the deed without a completed form stamped by the county assessor. The buyer can also use the form to apply for the homestead deduction.
Source: Indiana Sales Disclosure Form Instructions (hosted on in.gov)
Also worth knowing
The disclosure form is not a one-time task: Indiana law covers matters that come up after the form is delivered and requires certain changes to be disclosed at settlement.
Source: Indiana Code 32-21-5-12, chapter index via Justia (archived copy)
Checking an agent's license
Real estate agents in Indiana are licensed by the Indiana Real Estate Commission (Indiana Professional Licensing Agency). You can look up any agent before you work with them.
Indiana Real Estate Commission (Indiana Professional Licensing Agency) license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.