Indiana Housing Market Summary (Summer, June–August 2025)

• Sales & Listings: Home sales and new listings reached their highest levels since summer 2022. August closings (7,754) were up 7% year-over-year, with pending sales and new listings each up 1%.

• Prices: The state median sale price held steady at $275,000 for the third straight month, 4% higher than last year.

• Inventory: Average daily inventory rose to 17,236 homes, a 19% increase from 2024 and the highest since 2019.

• Market Pace: Homes took an average of 21 days to go under contract (slower than 17 days in 2024). Sellers received 95.7% of list price, down from 96.3% last year.

• Price Reductions: Nearly half of all listings (49%) had price drops in August as sellers adjusted to higher supply and longer market times.

Bottom Line: Lower mortgage rates and rising inventory fueled sales, but buyers gained bargaining power with more choices, slower sales, and increased price reductions.