Welcome to our latest update on the Indianapolis housing market!
As we delve into the statistics for January 2024, we uncover a landscape characterized by resilience, activity, and promise. Whether you're a prospective buyer, seller, or simply an enthusiast of real estate trends, these insights offer valuable perspective into the dynamic nature of Indianapolis's housing scene.
Median Sales Price:
In January 2024, the median sales price for homes in Indianapolis stood at a robust $280,000. This figure underscores the enduring appeal of the city's real estate market, reflecting steady appreciation and demand for properties across various neighborhoods.
Days on Market:
Prospective sellers will be pleased to learn that homes in Indianapolis spent a median of just 30 days on the market. This swift pace highlights the eagerness of buyers to secure their dream homes in this vibrant city.
Percentage of Asking Price Received:
Sellers can also take comfort in the fact that they received an impressive 97.3% of their asking price on average. This statistic speaks to the strength of the market and the ability of sellers to secure favorable returns on their investments.
Months Supply of Inventory:
With a months supply of inventory at 2.1, Indianapolis maintains a balanced market that offers opportunities for both buyers and sellers. This metric indicates a healthy equilibrium between supply and demand, ensuring a dynamic marketplace where transactions can flourish.
Active Inventory:
At the start of January 2024, there were 3,745 active listings in Indianapolis. This abundance of available inventory presents an array of options for buyers seeking their ideal home, spanning diverse neighborhoods and housing styles.
As we reflect on the housing market statistics for January 2024, it's evident that Indianapolis continues to be a vibrant and sought-after destination for real estate enthusiasts. With a median sales price of $280,000, swift sales, and a healthy balance of supply and demand, the city offers a compelling environment for buyers and sellers alike. Whether you're embarking on a home search or considering listing your property, these insights provide valuable context for navigating Indianapolis's dynamic housing market.
With Statistical Gratitude,
Miriam
For personalized guidance and expertise in navigating the Indianapolis real estate landscape, don't hesitate to reach out to us.
We're committed to helping you aceive your real estate goals with confidence and ease.
