Indianapolis, Indiana started 2024 with a total of 1,517 single-family homes on the market, with a median home price of $265,000 and an average price per square foot of $167.42. By the end of the year, inventory had increased to 1,766 homes on the market (+16%), with a median home price of $269,994.5 (+2%), and an average price per square foot of $172 (+2%).
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.
Indianapolis, Indiana started the year with 51.02% 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 54.13% of homes for sale had taken a price cut.
