Carmel, Indiana Homes for Sale is a popular search for home buyers in the Indianapolis area and Carmel, Indiana is noted as having some of the most expensive real estate in Indianapolis, excluding waterfront properties and some downtown condos.
With 849 currently active Carmel homes for sale through the MLS, there is sufficient inventory available, but which homes are selling?
Let’s take a look at what the Carmel Real Estate numbers for August tell us if you are trying to sell your home. What price range is selling and how long might it take? Remember, these are averages!
| CARMEL – August 2009 |
Active | Sold | Average DOM |
Month’s Supply |
| less than $100,000 | 25 | 5 | 54 | 5 |
| $100,000 – 200,000 | 155 | 26 | 88 | 5.96 |
| $200,000 – 300,000 | 167 | 34 | 68 | 4.91 |
| $300,000 – 400,000 | 131 | 20 | 55 | 6.5 |
| $400,000 – 500,000 | 93 | 6 | 42 | 15.5 |
| $500,000 – 600,000 | 63 | 5 | 84 | 12.6 |
| $600,000 – 750,000 | 78 | 6 | 72 | 13.0 |
| $750,000 – 1,000,000 | 76 | 3 | 128 | 25.3 |
| $1,000,000 – 2,000,000 | 56 | 2 | 165 | 28.0 |
| Above $2,000,000 | 17 | 0 | 229 | ???? |
Homes in the $200,000 –300,000 price point have the highest percentage of sales and are within a “neutral” market range for sales. Statistically, a neutral market does not favor either buyer or seller and while there were a few homes sold over asking price, most have reduced their price to sell. Still, we have been seeing multiple offers on homes in this price range.
In Carmel, the “under $400,000 price point is fairing well. You can see the huge increase in absorption rate as prices inch over the $400,000 price range.
Most Popular Neighborhoods
The Carmel neighborhoods or communities with home sales in the $200,000 – 300,000 price range were:
- Heather Knoll
- Claybourne
- Stone Haven
- Plum Creek
- Cherry Creek
- Ridge at Hayden Run
- Fairgreen Trace
- Cherry Creek Estates
- Cool Creek North
- Woodland Springs
- Plum Creek North
- Glenwood
- Ashmore Trace
- Lady Hamilton Estates
- Village of Mount Carmel
- Brookshire
- Lakewood Gardens
- Plum Creek Ridge
- Traditions on the Monon
- Shelbourne Green
Search All Carmel Indiana Homes for Sale
Average days on Carmel Real Estate market and absorption rate will vary by price range.
Search here for a free downloadable neighborhood report
Keep track of sold homes in your Carmel neighborhood
Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 8/1/2009 and 8/31/2009. This data is reflective of homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.
Indianapolis Real Estate Blog, written by Paula Henry, team leader of The Henry Group, an Indianapolis Realtor Team at Red Door Real Estate, serving the Indianapolis and Carmel Indiana real estate markets.
Call Paula – 317–605–4174
{ 4 comments… read them below or add one }
Paula,
Nice clean report on Carmel sales. Makes it easy for the reader to see exactly what is happening.
Michael
Nice report. Makes it easy for the client to read and know what they are getting themselves into!
Very nice clean & detailed report. The market is similar here in Dallas. But I do see a change approaching… crossing my fingers
There are some huge positives in your lower priced markets! I would assume that’s where your focusing a lot of your current efforts!
I’ll second the two above comments this report is clean and easy to understand your readers should find some clear value from this great info!