Top Mega Teams in Indiana – Ranked by Volume

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2023 Indiana Housing Market Summary

Indiana started 2023 with a total of 9,628 single-family homes on the market, with a median home price of $279,900 and an average price per square foot of $154. By the end of the year, inventory had increased to 10,434 homes on the market (+8%), with a median home price of $288,900 (+3%) and an average price per square foot of $173 (+12%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.

Indiana started the year with 41% 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 42% of Indiana homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Indiana started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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