Central Indiana residential real estate market kicked into high gear in May

Increased sales, homes selling at a brisk pace, and another significant bump in inventory led to a robust May central Indiana residential real estate market, according to F.C. Tucker Company.

• Pended home sales increased 8.1% compared to May 2024
• Available housing inventory increased 41.1% compared to May 2024
• Homes spent three days, or 27.3%, longer on the market than this time last year
• Compared to May 2024, the median home sale price for the 16-county central Indiana region increased only slightly – up 0.9% to $320,000

In May 2025, 3,146 central Indiana homes were purchased, an increase of 8.1% from the 3,161 sold in May 2024. All but three central Indiana counties saw increases in pended home sales.

• Decatur County had the greatest increase in pended home sales in May 2025, up 54.2% compared to this time last year.
• Jackson County pended sales had the greatest decrease, with 37.8% fewer homes sold compared to May 2024.

Central Indiana year-to-date home sale prices increased 3.7% overall.

• Bartholomew County recorded the highest year-to-date median home sale price decrease, down 0.9%
• Hamilton County had the highest year-to-date median home sale price in the region at $461,503.
• Homes sold in 14 days, spending three days, or 27.3%, longer on the market than May 2024. Boone County homes sold 27.3% faster than this time last year, the greatest increase in central Indiana.

Central Indiana experienced a 41.4% increase in overall home inventory in May 2025, compared to May 2024, with 1,584 more homes available for sale.

• Jackson County had the largest inventory increase – up 79.5% compared to May 2024.
• All 16 central Indiana counties had inventory increases in May. Johnson County had the smallest inventory increase – up 25.2% compared to this time last year.

“While it took a little longer this year, we definitely saw the spring central Indiana residential real estate market kick into high gear in May, with sales and inventory both increasing,” said Jim Litten, president of F.C. Tucker Company. “Mortgage rates remain relatively unchanged and central Indiana housing prices have flattened, creating an attractive market for prospective home buyers.”

Shelby County’s statistics include:

• A 16.3% increase (49 to 57) in pended single-family and condominium sales from May of 2024 to May of 2025.
• A 60.7% increase (56 to 90) in active listings inventory in the same time period.
• A 0.8% decrease ($240,000 to $237,990) in median sale price in that time period.

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