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Carmel Indiana Homes for Sale

By
Real Estate Agent with Red Door Real Estate
Untitled Document

There are currently 716 homes for sale on the Carmel Indiana real estate market with an average asking price of $517,920. Here is a quick look at the currently inventory for Carmel:

 

 
2007
Active
716
High Asking Price
$20,000,000
Low Asking Price
$89,500
Average Asking Price
$517,920
Days on Market
109
Price Per Square Foot
$157

 

I am quite sure the $20 million home and a few other luxury homes for sale are skewing the numbers a little bit which is why I also ran the numbers for Carmel homes for sale under $700,000:

 

 
2007
Active
574
High Asking Price
$699,999
Low Asking Price
$89,500
Average Asking Price
$330,440
Days on Market
93
Price Per Square Foot
$134

 

 

I think the second batch of numbers more accurately reflects the Carmel real estate market showing an average asking price of $330,440. I know this is a post about Carmel homes for sale; however it is important to look at how many homes sold to put these into perspective. Over the past 12 months, 1465 Carmel homes sold which means the 716 homes currently on the market represent a very healthy 4.7 months supply of homes.

These numbers only solidify that Carmel remains some of the most desirable real estate in the Indianapolis area. If you are considering purchasing Carmel real estate, contact Mike Taylor at Rebate Real Estate for more information about the 50% commission rebate. You can also visit our Indianapolis real estate site for more information about other areas of Indianapolis.

Gary Barnett
Home Matters - Indianapolis, IN
Home Matters Property Stylist Group, Indianapolis
Michael, has the "Days on the market" stabilized any or is it still going up?
Mar 07, 2008 03:33 AM
Michael Taylor
Red Door Real Estate - Fishers, IN

Gary -

It fluctuates a little bit, but in Carmel 90 seems to be the average.  Some months are higher than others, but it does not seems to be going up and out of control.

Mar 10, 2008 09:41 AM