Home sales, inventory continue to increase in central Indiana

Pended home sales and available inventory rose in September, while sale prices continued to moderate.

According to F.C. Tucker Company, part of the Howard Hanna family of companies:

• Pended home sales increased 3.9% compared to September 2024.
• Available housing inventory increased 24.7% compared to September 2024.
• Homes spent three days longer on the market than this time last year, selling in 15 days.
• Compared to September 2024, the median home sale price for the 16-county central Indiana region decreased 1.9% to $309,000.

In September 2025, 2,865 Central Indiana homes were purchased, an increase of 3.9% from the 2,757 sold in September of 2024.

• Jennings County had the greatest increase in pended home sales in September 2025, up 53.5% compared to this time last year.
• Jackson County pended sales had the greatest decrease, with 23.5% fewer homes sold compared to September 2024.

Central Indiana year-to-date home sale prices increased 3.3% overall.

• Shelby County recorded the highest year-to-date median home sale price decrease, down 3.2% to $242,000.
• Hamilton County had the highest year-to-date median home sale price in the region at $460,000.
• Homes sold in 15 days, spending three days or 25% longer on the market than September 2024. Boone County and Hendricks County homes sold in the same amount of time as last year, leaving the market in 12 days and 16 days, respectively.

The City of Shelbyville, in Shelby County, announced this week growth numbers in residential investment. From 2016 through 2020, Shelbyville averaged just under 40 new single-family home permits annually. That figure has more than doubled since 2021, averaging nearly 90 new homes per year.

In the period 2021-2025, residential investment rose to an average of $38.6 million annually, up from $6.4 million.

Shelbyville also touted large-scale developments as The Mill (photo) and Eight37 Lofts that have added to the growth statistics.

"Developers are choosing Shelbyville because they see long-term stability and growth," said Adam Rude, Director of Planning for Shelbyville. "We've been intentional about planning for balanced development -- pairing new housing with infrastructure, transportation access, and a vision for community amenities. That's why Shelbyville is emerging as one of the most desirable investment marketers in the region."

Central Indiana experienced a 24.7% increase in overall available home inventory in September 2025, compared to September 2024, with 1,330 home homes available for sale.

• Brown County has the largest inventory increase -- up 47.8% compared to September 2024.
• Decatur County had the only inventory decrease in the 16-county central Indiana area compared to this time last year, down 7.4%.

"The central Indiana residential real estate market remained strong in September, with pended home sales once again on the rise," said Jim Litten, president of F.C. Tucker Company. "With inventory continuing to grow, mortgage rates staying moderate, and homes spending a little more time on the market -- buyers are benefitting from increased opportunities and selection."