Carmel Real Estate Market Report

Carmel, Indiana Real Estate Market Report
Week of Monday, April 28, 2025

📊 Market Snapshot

  • Median Sale Price: $515,000 (↓4.2% YoY)

  • Median Days on Market: 25 days (↓16 days YoY)

  • Homes Sold (February 2025): 71 (↓5.3% YoY)

  • Sale-to-List Price Ratio: 99.4% (↑0.8 pts YoY)

  • Redfin Compete Score: 85/100 – Very Competitive Redfin+3Redfin+3Redfin+3KW Agent Sites

🏘️ Neighborhood Insights

🏢 Condominium Market

While specific data for condominiums in Carmel is limited, the overall market trends suggest that condos are experiencing similar patterns to single-family homes. Given the competitive nature of the market, condos are likely selling relatively quickly, though exact figures would require more detailed data.​

🔍 Market Insights

  • Price Trends: The slight decrease in median sale prices suggests a potential stabilization in the market, offering opportunities for buyers.

  • Buyer Activity: Despite the price adjustments, the market remains competitive, with homes selling quickly and often receiving multiple offers.

  • Condo Market: Condos are likely following similar trends to single-family homes, with competitive pricing and quick sales.​

📈 Conclusion

The Carmel real estate market remains robust and competitive. While there's a slight decrease in median sale prices, the quick turnover and multiple offers indicate strong buyer interest. Buyers should be prepared to act swiftly, and sellers can expect continued demand for their properties.​LinkedIn+7M.S.WOODS+7Go Home Realty+7

For the most current and detailed information, consider consulting local real estate professionals or platforms like Redfin.

Here's the latest mortgage market update for Carmel, Indiana, as of Monday, April 28, 2025:​

📉 Current Mortgage Rates in Carmel, IN

Loan TypeInterest RateAPR30-Year Fixed6.92%6.924%15-Year Fixed5.97%5.975%5/1 Adjustable-Rate (ARM)6.87%7.154%30-Year Fixed FHA6.25%6.993%30-Year Fixed VA6.14%6.468%

Source: NerdWallet, April 27, 2025

📊 National Mortgage Rate Trends

According to CNET, the national average mortgage rates as of April 28, 2025, are:​CNET

Source: CNET, April 28, 2025

🔍 Market Insights

  • Rate Stability: Mortgage rates have shown slight decreases recently, offering potential savings for borrowers.

  • Economic Factors: Economic uncertainties, including trade policies and inflation concerns, continue to influence mortgage rates.

  • Local Market: In Carmel, the housing market remains competitive, with homes selling quickly, emphasizing the importance of securing favorable mortgage rates promptly.​news+5MarketWatch+5Latest news & breaking headlines+5.

📄 Mortgage Disclosure: We are not a lender and do not offer loans or financial advice. Rates shared are for informational purposes only. Please consult licensed lenders for current rates and personalized options.
Information is subject to change and not guaranteed.

•Compass Real Estate | Carmel Office

•Compass Real Estate | Carmel Office

•Compass Real Estate | Carmel Office

•Compass Real Estate | Carmel Office

•Compass Real Estate | Carmel Office

•Compass Real Estate | Carmel Office

Millions of homeowners could save money by refinancing, yet many are holding off in hopes that rates will drop further. In some cases, you can also include credit card debt and other expenses—such as education costs—depending on the loan-to-value ratio, current home value, and lender-specific mortgage guidelines for approval.

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