The Indiana Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Indiana

💡 Key Indiana housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $242,113[1]#40 of 50 states34% lower
Median Listing Price $290,750[2]#45 of 50 states34% lower
Median Sale Price $260,900[3]#44 of 50 states37.7% lower
30 Year Mortgage Rate 6.84%[4]#3 of 50 states1.9% lower
Median Days on Market 46[5]#11 of 50 states18.1% shorter
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🗺️ Buying a house in the Indiana real estate market

Indiana has an affordability score of 4.5, meaning it takes 4.5 years of the median household income ($58,235) to afford Indiana's median home sale price ($260,900). Because of this, we rank Indiana as the 4th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $260,900[6]#44 of 50 states37.7% lower
30 Year Mortgage Rate 6.84%[7]#3 of 50 states1.9% lower
Median Household Income $58,235[8]#35 of 50 states9.8% lower
Affordability Ratio 4.5#4 of 50 states29.9% lower
Buyers Agent Commission 2.50%[9]#14 of 50 states1.5% lower
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Resources for Indiana home buyers

🗺️ Selling a house in the Indiana real estate market

According to our detailed survey of Indiana real estate agents, listing agents (those representing the seller) charge an average commission in Indiana of 2.81%, which is the 18th highest in the United States. Buyers' agents charge an average commission of 2.5%, which is the 14th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $290,750[10]#45 of 50 states34% lower
Median Sale Price $260,900[11]#44 of 50 states37.7% lower
Median Days on Market 46[12]#11 of 50 states18.1% shorter
Buyer's Agent Commission 2.50%[13]#14 of 50 states1.5% lower
Listing Agent Commission 2.81%[14]#33 of 50 states3.2% higher
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Resources for Indiana home sellers

Moving to Indiana

According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to Indiana if money were no object. Likewise, 5% of survey respondents indicated that they would move to Indianapolis among a choice of America's largest cities.

Here's how Indiana cities rank in a number of our research studies.

StudyBest Indiana cityRank
Best Pizza Cities[16]Indianapolis28th best
Best Coffee Cities[17]Indianapolis31st best
Best LGBTQ Cities[18]Indianapolis25th best
Best Bike Cities[19]Indianapolis36th best
Best Commuter Cities[20]Indianapolis22nd best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated October 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[3] Redfin – "Redfin Data Center". Updated October 2024.
[4] Bankrate – "Bankrate". Updated November 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[6] Redfin – "Redfin Data Center". Updated October 2024.
[7] Bankrate – "Bankrate". Updated November 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[11] Redfin – "Redfin Data Center". Updated October 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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