Indiana started 2024 with a total of 10,050 single-family homes on the market, with a median home price of $289,900 and an average price per square foot of $172.78. By the end of the year, inventory had increased to 12,451 homes on the market (+24%), with a median home price of $288,359 (-1%), and an average price per square foot of $167 (-3%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 63 days.
Indiana started the year with 40.14% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 45.12% of homes for sale had taken a price cut.
