Indianapolis-area homes for sale drop to $259,450 at median price

A typical Marion County home fetched $259,450 in August, down 0.2% from $259,999 the previous month, an analysis of data from Realtor.com shows.

The median home price in August was up about 8.2% from August 2021. The median home in Marion County was 1,915 square feet with a list price of $136 per square foot.

The Marion County market was busy, with a median of 36 days on market. A month earlier, homes had a median of 33 days on the market. The market added 1,416 new home listings in August, compared to 1,600 in August 2021. The market ended the month with some 1,618 home listings for sale.

Median home prices published by Realtor.com can exclude many, if not most, homes from a market. Price and volume only represent homes that are single family homes, condominiums or townhouses. They include existing homes, but exclude most new construction as well as current and potential sales.

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Information about your local housing market is available via the USA TODAY Network, with more data from Realtor.com.

What were home prices in the Indianapolis area in August? Here is a county by county breakdown

  • Hamilton CountyHome prices fell 2.2% to a median of $439,900 from the previous month. The typical home was on the market for 37 days, down from 30 days a month earlier. The typical 2,756 square foot home had a list price of $167 per square foot.
  • Hendricks CountyHome prices fell 1.8% to a median value of $371,950 from the previous month. The typical home was on the market for 35 days, down from 33 days a month earlier. The typical 2,432 square foot home had a list price of $156 per square foot.
  • Johnson CountyHome prices fell 2.9% to a median of $340,000 from the previous month. The typical home was on the market for 31 days, down from 28 days a month earlier. The typical 2,391 square foot home had a list price of $152 per square foot.
  • Hancock CountyHome prices fell 0.7% to a median value of $382,450 from the previous month. The typical home was on the market for 37 days, down from 28 days a month earlier. The typical 2,596 square foot home had a list price of $148 per square foot.
  • Morgan CountyHome prices fell 2.3% to a median value of $317,500 from the previous month. The typical home was on the market for 39 days, down from 32 days a month earlier. The typical 2,275 square foot home had a list price of $146 per square foot.
  • Boone CountyHome prices fell 2.9% to a median value of $427,362 from the previous month. The typical home was on the market for 43 days, down from 35 days a month earlier. The typical 2,551 square foot home had a list price of $168 per square foot.
  • Shelby CountyHome prices rose 2.1% to a median of $234,900 from the previous month. The typical home was on the market for 37 days, down from 34 days a month earlier. The typical 2,028 square foot home had a list price of $114 per square foot.

On the other side Indianapolis metro, median home prices fell to $312,500, down 3.9% from the previous month. The median home was 2,132 square feet, with a list price of $145 per square foot.

On the other side all of indiana, median home prices were $275,000, down 1.1% from the previous month. The median home for sale in Indiana had 1,935 square feet at a list price of $137 per square foot.

On the other side United States, median home prices were $435,050, down 3.1% from the previous month. The median US home for sale was 1,890 square feet, listed at $222 per square foot.

The median list house price – the midpoint of all houses or units listed over a given time period – is used more often in this report instead of the average list house price because experts say the median provides a more accurate view. of what is happening in a market. To find the average price, all listed home prices are added together and then divided by the number of homes sold. This measure can be distorted by a low or high price.

The USA TODAY Network publishes localized versions of this story on its news sites across the country, generated with data from the Realtor.com Residential Listings Database. The story was written by Mike Stucka and Sean Lahman.