Home sales in Indiana during April were up by 12% from March 6,924 and were a mere 12 closings below the level set one year ago, according to new data from the Indiana Association of Realtors (IAR), while new pending sales (7,937) finished 5% ahead of last year’s level.
A total of 9,732 homes were newly listed last month, up 10% from April 2024, while new listings are now up 5% year-to-date. The total statewide supply of available homes increased slightly from March to April with 12,951 homes available for sale on an average day last month – that level is 23% higher than the same time last year.
Homes sold for a statewide median price of $263,000 in April, up 5% year-over-year.
“Even though home values continue to rise, lower rates mean a homebuyer’s monthly payment will be virtually the same as if they would have bought a median-priced home last spring,” said IAR 2025 President Kim Ward, managing broker of North Eastern Group Realty in Fort Wayne. “Plus, today’s buyers have more options to choose from across every budget level.”
Ward added, “If you sold a home in Indiana over the past three months, you’re most likely to have purchased it around 2018 or 2019 and seen its’ value increase 50% or more while you lived there. That’s roughly $100,000 in equity gained for the ‘median’ home seller. And homeowners in many communities across Central Indiana, Fort Wayne and South Bend, and smaller cities like Madison and Marion have gained equity even faster.”
