Indiana recorded 7,749 home sales in July, a 1% increase from one year before, while new pending sales totaled 7,853 transactions, up 9% from the prior year.
According to the Indiana Association of Realtors (IAR), July’s 10,115 new listings marked a 9% year-over-year increase. A total of 16,515 homes were for sale statewide on an average day in July, up 23% versus 2024 and the highest monthly supply of available homes since December 2019. Properties took 19 days from listing to pending sale in July versus 14 one year before.
As for home prices, last month’s median price of $275,000 was unchanged from June and 5% above the price in July 2024.
“With both new listings and pending sales running 9% ahead of last year, July was an active month for Indiana real estate,” said Kim Ward, 2025 IAR president and managing broker of North Eastern Group Realty (Fort Wayne). “Indiana’s year-to-date home price is 4% higher than 2024 and 47% higher than 2020. Sellers are still taking advantage of rising property values across Indiana even though buyers have gained leverage in a more balanced market. Buyers could find more bargains as we head towards Labor Day.”
