In addition to their Indianapolis housing market forecast 2022, we worked with Clayton and Booram to pinpoint what various price points have to offer in terms of the number of bedrooms and bathrooms, square footage and location. However, rapidly rising interest rates will continue to impact buying power this year,” Booram said. So now may be a good time for sellers to list and fall and winter may be a good time for buyers to shop. “Sales price growth is expected to stay strong through Q2 and will likely slow in Q3 and Q4, which is typical in a seasonal market. These homes range from $250,000 to $850,000.”Īccording to Britt Booram of Juniper & Fern Evergreen Talent Consulting, the market is set to follow seasonal trends. “But the areas seeing the most activity of number of offers and offers above list price are Carmel, Zionsville, Fishers, Westfield, Washington Township, Franklin Township, Avon, Brownsburg, Center Grove, Greenwood, and more. “All price points remain competitive,” said Natalie Clayton, co-founder and broker at Maywright Property Co. However, home values are continuing to increase - they’re up more than 18% over last year - and homes are on the market for a median of just 5 days. Indy’s central location, booming economy, ease of getting around and friendly reputation are drawing in property investors and home buyers alike.ĭespite soaring home prices elsewhere, property is still relatively affordable in Indy. It ranks as the nation’s fourth best real estate market, and it’s poised to continue to grow as 2022 goes on. While real estate is hot everywhere these days, the Indianapolis housing market is on fire.
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