Carmel, Indiana Real Estate Market Report

Prepared: September 8, 2025
(For-Sale Inventory Only — Rentals Excluded)

Executive Summary

The Carmel real estate market remains active and competitive. Single-family homes lead the market in both volume and speed of sales, while condominiums and townhomes offer broader price ranges but require longer marketing periods. Buyers face strong competition in the single-family segment, whereas attached housing presents more time for decision-making.

Market Overview — September 2025 Snapshot

Property TypeActive ListingsAvg. Days on MarketPrice RangeMarket HighlightsSingle-Family Homes~303~13–29 days$300,000 – $4.5MFast-moving, multiple offers, strongest demandCondominiums~45~32–45 days$200,000 – $1.45MLonger cycles, Downtown Carmel concentrationTownhomes~32~45–58 days$365,000 – $588,000+New construction driving supply, moderate demand

Detailed Breakdown

Single-Family Homes

Listings: ~303 active (cross-verified across Realtor.com, Zillow, Redfin).
Days on Market:
- Median to close: ~13 days (fast-paced).
- Active listing average: ~29 days.
Price Range: $300K entry level → $4.5M luxury estates.
Key Note: Homes priced correctly often receive multiple offers and sell in under two weeks.

Condominiums

Listings: ~45 active units.
Days on Market: Typically 4–6 weeks; Downtown units closer to 41+ days.
Price Range: $200K starter condos → $1.45M luxury Downtown residences.
Key Note: Buyers gain variety and location options, but sellers should expect longer timelines than detached homes.

Townhomes

Listings: ~32 active units.
Days on Market: ~45–58 days.
Price Range: $365K mid-range → $588K+ (higher for new construction).
Key Note: Townhomes attract buyers seeking modern layouts and low maintenance. Supply is supported by several new-build communities.

Key Takeaways

✅ High demand in single-family homes ensures faster closings and multiple-offer scenarios.
✅ Condos and townhomes provide diverse pricing but require patience for sellers.
✅ Buyers must move quickly on detached homes, while having more time to negotiate on attached housing.
✅ Sellers of attached homes should plan for extended marketing periods.

Market Outlook (Fall 2025)

Single-Family Homes: Expected to remain Carmel’s fastest-selling segment.
Condos: Stable but slower; Downtown luxury listings will remain niche.
Townhomes: Gradual growth fueled by new construction; timelines will continue to run longer than detached homes.
Overall: Carmel’s market remains strong, with pricing stability supported by consistent demand.

📌 Data Sources: Redfin, Realtor.com, Zillow (all cross-verified as of September 8, 2025). Figures may vary by platform due to MLS feed rules and new-construction reporting.