A total of 38,971 closed home sales were recorded in Indiana during the first half of this year, a 2.5% year-over-year spike, while the 44,676 new pending sales marked a 3% upswing from the same period one year earlier.
According to the Indiana Association of Realtors (IAR), there were 54,106 new listings across the state during the first six months of the year, a 5% increase from the first half of 2025. In terms of overall inventory, 15,402 homes were available for sale on an average day in the year’s first half, a 13% surge from one year before. It took 20 days for homes to go under contract in the year’s first half, three days longer than the first half of 2025.
While the number of home sales under $250,000 fell compared to the first six months of 2025, closed sales between $250,000 and $750,000 grew three times faster than sales above $750,000 (which encompassed less than 4% of statewide transactions). Indiana’s median sale price is up 5% year-to-date to $275,000, with June’s monthly median hitting an all-time state-level high of $290,000.
However, the IAR noted that the growth in inventory and sales was not consistent. The share of recent listings affordable to a household earning $75,000 or less dropped from 47% in January to less than 36% in June. The IAR attributed this to both the upturn in mortgage rates and year-over-year price appreciation.
“Even though our median sale price is up 5% over the first half of 2025, the monthly payment on a typical home is only up 1%,” said Aaron Luttrull, 2026 IAR chairman and president and managing broker of Schuler Bauer Real Estate Services in New Albany, Indiana. “Lower rates are helping buying power keep up with price growth.”
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