 The market data for Marion County is as diverse as the neighborhoods represented by the numbers. The average list price to sale price is consistent with past months and the average number of days on market is actually reasonable. Homes which are priced correctly and show well are selling within 60-90 days and many in less time.
There are still a large number of homes available when compared with the amount of sales. Search here for the amount of inventory in Marion County and the absorption rate. Keep track of the home sales in your neighborhood with a free customized report. Pike Township - 82 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 864 | 2 | 1 | 0 | $0 | $10,800 | | 0 | | Avg | 2046 | 3 | 1 | 0 | $142,328 | $137,558 | 0.97 | 76 | | Max | 8624 | 5 | 7 | 2 | $799,900 | $740,000 | 0.93 | 344 | Last Year: | Avg | 2126
| 3
| 1
| 0
| $ 176,092
| $ 0
| 0.00
| 93 |
_______________________________________________________________________________________________________________________________Washington Township - 150 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 628 | 1 | 1 | 0 | $0 | $12,500 | | 0 | | Avg | 2419 | 2 | 1 | 0 | $216,180 | $207,269 | 0.96 | 69 | | Max | 15400 | 5 | 6 | 5 | $3,450,000 | $2,900,000 | 0.84 | 416 | Last Year: | Avg | 2497
| 3
| 1
| 0
| $ 253,885
| $ 0
| 0.00
| 104 |
_______________________________________________________________________________________________________________________________ Lawrence Township - 119 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 784 | 2 | 1 | 0 | $0 | $5,900 | | 0 | | Avg | 2143 | 3 | 1 | 0 | $150,355 | $145,312 | 0.97 | 86 | | Max | 5084 | 5 | 4 | 2 | $439,500 | $427,000 | 0.97 | 408 | Last Year: | Avg | 2332
| 3
| 1
| 0
| $ 200,887
| $ 0
| 0.00
| 94 |
________________________________________________________________________________________________________________________________ Warren Township - 101 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 672 | 2 | 1 | 0 | $10,900 | $10,900 | 1 | 3 | | Avg | 1684 | 2 | 1 | 0 | $93,685 | $89,590 | 0.96 | 85 | | Max | 3868 | 5 | 3 | 2 | $259,900 | $253,000 | 0.97 | 298 | Last Year: | Avg | 1711
| 2
| 1
| 0
| $ 104,114
| $ 0
| 0.00
| 105 |
______________________________________________________________________________________________________________________________ Franklin Township - 56 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 1034 | 2 | 1 | 0 | $49,900 | $49,900 | 1 | 0 | | Avg | 1937 | 3 | 1 | 0 | $129,214 | $126,152 | 0.98 | 68 | | Max | 4050 | 4 | 3 | 1 | $350,000 | $350,000 | 1 | 382 | Last Year: | Avg | 2311
| 3
| 2
| 0
| $ 186,759
| $ 0
| 0.00
| 100 |
______________________________________________________________________________________________________________________________ Perry Township - 103 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 0 | 2 | 1 | 0 | $19,900 | $16,900 | 0.85 | 0 | | Avg | 1835 | 3 | 1 | 0 | $120,031 | $116,578 | 0.97 | 67 | | Max | 4687 | 5 | 3 | 1 | $305,000 | $300,000 | 0.98 | 298 | Last Year: | Avg | 1896
| 3
| 1
| 0
| $ 138,757
| $ 0
| 0.00
| 96 |
______________________________________________________________________________________________________________________________ Decatur Township - 29 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 1042 | 2 | 1 | 0 | $37,000 | $36,000 | 0.97 | 7 | | Avg | 1745 | 3 | 1 | 0 | $105,159 | $101,406 | 0.96 | 82 | | Max | 2728 | 4 | 2 | 1 | $189,900 | $182,500 | 0.96 | 517 | Last Year: | Avg | 1722
| 3
| 1
| 0
| $ 122,368
| $ 0
| 0.00
| 94 |
________________________________________________________________________________________________________________________________ Wayne Township - 129 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 576 | 1 | 1 | 0 | $6,900 | $6,500 | 0.94 | 0 | | Avg | 1575 | 2 | 1 | 0 | $82,886 | $78,914 | 0.95 | 98 | | Max | 4037 | 5 | 4 | 2 | $255,000 | $240,000 | 0.94 | 467 | Last Year: | Avg | 1532
| 2
| 1
| 0
| $ 85,417
| $ 0
| 0.00
| 104
|
_______________________________________________________________________________________________________________________________ Center Township NW - 20 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 780 | 2 | 1 | 0 | $4,900 | $2,500 | 0.51 | 9 | | Avg | 1725 | 2 | 1 | 0 | $52,944 | $46,288 | 0.87 | 97 | | Max | 3312 | 5 | 4 | 2 | $569,900 | $515,000 | 0.9 | 277 | Last Year: | Avg | 1792
| 2
| 1
| 0
| $ 104,339
| $ 0
| 0.00
| 129 |
__________________________________________________________________________________________________________________________________ Center Township NE - 78 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 672 | 1 | 1 | 0 | $4,800 | $3,500 | 0.73 | 0 | | Avg | 1801 | 2 | 1 | 0 | $80,030 | $75,302 | 0.94 | 104 | | Max | 3269 | 4 | 3 | 1 | $650,000 | $630,000 | 0.97 | 446 | Last Year: | Avg | 2002
| 2
| 1
| 0
| $ 154,724
| $ 0
| 0.00
| 146
|
__________________________________________________________________________________________________________________________________ Center township SE - 45 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 748 | 1 | 1 | 0 | $0 | $2,500 | | 0 | | Avg | 1600 | 2 | 1 | 0 | $57,284 | $61,685 | 1.08 | 95 | | Max | 3301 | 5 | 3 | 1 | $475,000 | $778,640 | 1.64 | 413 | Last Year: | Avg | 1614
| 2
| 1
| 0
| $ 90,529
| $ 0
| 0.00
| 128
|
___________________________________________________________________________________________________________________________________ Center Township SW- 3 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 976 | 1 | 1 | 0 | $10,000 | $6,000 | 0.6 | 97 | | Avg | 1334 | 2 | 1 | 0 | $63,266 | $60,466 | 0.96 | 134 | | Max | 1768 | 4 | 1 | 1 | $149,900 | $145,500 | 0.97 | 167 | Last Year: | Avg | 1430
| 2
| 1
| 0
| $ 60,302
| $ 0
| 0.00
| 105 |
___________________________________________________________________________________________________________________________________ Beech Grove- 12 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 1000 | 2 | 1 | 0 | $0 | $32,000 | | 0 | | Avg | 1836 | 2 | 1 | 0 | $83,107 | $89,435 | 1.08 | 50 | | Max | 2528 | 4 | 2 | 1 | $125,000 | $125,000 | 1 | 136 | _ Last Year: | Avg | 1755
| 2
| 1
| 0
| $ 108,136
| $ 0
| 0.00
| 84 |
__________________________________________________________________________________________________________________________________ Speedway - 12 Properties Found | | | Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | | Min | 974 | 2 | 1 | 0 | $79,900 | $70,000 | 0.88 | 0 | | Avg | 2158 | 2 | 1 | 0 | $117,975 | $114,850 | 0.97 | 58 | | Max | 4268 | 4 | 2 | 1 | $179,900 | $179,900 | 1 | 218 |
Last Year: | Avg | 1910
| 2
| 1
| 0
| $ 117,163
| $ 0
| 0.00
| 88
|
_________________________________________________________________________________________________________________________________ All data compiled from the Metropolitan Board of Realtors on Sept. 2, 2007 and is deemed reliable, but not guaranteed. Data should not be used to determine value os properties. Paula Henry is an Indianapolis Realtor with RE/MAX Connection, serving the needs of homeowners in Indianapolis, Speedway, Hendricks County, Zionsville, Carmel and Eagle Creek. When you're ready to buy or sell your home, you want an agent with a plan for helping you attain your dreams and goals. Contact Paula for your Indianapolis real estate needs and experience the P3 Advantage |
Paula, what a detailed market report! You are right it appears to be a very diverse market. What a nice tool to help people keep track of their neighborhoods!
Hi Marchel - This is the first report I have posted for the entire city of Indianapolis. It is rather extensive since it is such a large area. I like to do them occasionally to keep track of the different areas of the city.
Paula,
What a beautiful aerial picture you have in that post. I love the detail in this post - the area level detail helps show how varied Indy is with homes at every stop up to 2.9 million.
Paula, all I can say is WOW! This looks amazing. Great Report on the Indy area!
Rita: Thanks - i like that picture, also. It is amazing how diverse the homes in Indy are.
Stephanie: Wow is good! Thanks for stopping by!
Paula- Another great report. It was also well presented and I am sure the consumers in your area eagerly awaits the report monthly.
Jennifer: Thanks! I always try to put market reports out at the first of the month. I often wonder though if people actually take the numbers literally. They are an overall view and not specific to a prticular neighborhood. I hope people undertsand that as they read.
Paula- NICE!! I love the green background. You've just compelled me to put together a market report today- thank you!
Excellent and in depth market report! Go Paula!!!!
I'm suffering from serious chart envy. I've never been great at charts or graphs - maybe it's the patience-shortage that I have. Nice job!
P.S. I like the your little "Market Snapshot" widget... How did you do that? I have Market Snapshot, but I've never seen that.
Laurie - Thanks - I'll be by to check yours out!
Chris: Thank you!
Margaret: These charts make me weary as I also have a patience shortage:) I'll contact you about the widget.
Paula--What awesome marketing statistics for home sales in Indianapolis! Anyone looking for real estate would want to go to the expert on the market that pulled together this great report! Good detailed information!
Teri: Thanks! The Indianapolis real estate market is extremely diverse as indicated in the report. I don't do these extensive reports monthly, maybe i'll reconsider.
Paula, This is the most detailed real estate market report I have seen.
Mana: I'm not sure if that's a good thing or not. I wish I were better at creating graphs and Excel. It wouldn't take me as long.....:)
Love the photo of the area!! BEAUTIFUL in Indy! This is great information covering such a diverse of townships!
Susie: Indy is beautiful and fall is coming, my favorite time of year!
Paula - the Queen of Indianapolis Real Estate- another awesome post!!! Great job
Thanks Cyndee- I'll have to keep my tiara shiny! :)