In November, home prices fell slightly from the month before, with a median listing price of $263,250.
The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in Indianapolis, and homes are also selling slower than at the same time last year.
Home prices in Indianapolis
Typically, home price per square foot in Indianapolis tend to fall in November. And the most recent data shows that the price per square foot decreased by 1.2% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Indy are keeping pace with the national market.
Indianapolis inventory
In November, there were 2,816 homes for sale in Indianapolis, which was 0.6% more than the month before and 22.5% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Indianapolis take an average of 56 days to sell, according to November figures.
This is five days more than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Indianapolis, IN.