Top Mega Teams in Indianapolis, Indiana – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    2Indy Home Pros TeamRE/MAX Advanced RealtyIndianapolis, IN$124,817,117View Profile
    3Williams Richwine GroupBerkshire Hathaway HomeServices Indiana RealtyIndianapolis, IN$123,081,163View Profile

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    2023 Indianapolis, Indiana Housing Market Summary

    Indianapolis, Indiana started 2023 with a total of 1,544 single-family homes on the market, with a median home price of $250,000 and an average price per square foot of $141. By the end of the year, inventory had increased to 1,634 homes on the market (+5%), with a median home price of $262,000 (+4%) and an average price per square foot of $165 (+17%).

    At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had remained the same at 63 days.

    Indianapolis started the year with 51% 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 52% of Indianapolis homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Indianapolis started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 36 – a slight seller’s advantage.

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

    Housing Market News

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    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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