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April 2024 Market Update

Every real estate market exists in a constant state of change, fluctuating from month to month and year to year. Whether you are planning to buy, sell, rent, or even if you have no plans to change your current living situation, the local real estate market has a tremendous affect on your lifestyle. Having the most up-to-date and accurate information is the first step in financial literacy. Here’s whats going on in your area as compared to this time last year:


Marion County


Johnson County


 

Don’t see your area here? Call us at 317-882-7210 to request market statistics in your area.


GLOSSARY OF TERMS

Median Sales Price – Different from Average Sales Price, the Median Sales Price is the middle price of all homes listed for sale. Half of the listed properties are below this price and the other half are above.

Units Sold – The total number of listings that have sold and closed.

Active Inventory – The total number of properties currently listed as Active or Pending. Properties that are For Sale but that have not yet Closed.

Median Days on Market – Days on Market is the total number of days from a listing going Active until an accepted offer changes the status to Pending. The Median Days on Market is the middle Days on Market number of all homes listed for sale. Half of the listed properties are below this number of days and the other half are above.

New Listings – The total number of properties that have activated within a given period of time.

Sold Price Per Square Foot – The final sales price of a property divided by the total square footage of that property.

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