Indiana Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Indiana real estate trends

Real estate trends in Indiana | Sellers | Buyers | Investors | The best and worst of Indiana | Indiana resources

Indiana real estate trends (October 2021)

How is the real estate market in Indiana?
🏠 Average home value: $188,505
📈 1.54% home value increase month over month
💰 Median sale price: $235,000
⏳ 45 days on the market
🔑 Homes on the market: 9,137
📆 1.2 months of housing inventory
🏦 30-year mortgage rate: 2.96%
💵 Average income: 65886
State of the market: B-
Indiana’s real estate market is healthy; prices are steadily rising and inventory is decreasing. But with low interest rates accounting for a good part of the demand in the state, it’ll be interesting to see what happens if rates start to rise.
*Data last updated October 2021

When it comes to sports, Indiana is legendary.

Not only was the Hoosier state home to basketball legends including Louie Dampier and Larry Bird, but the nation's first professional baseball game took place in Fort Wayne. The state capital is also home to the thrilling Indianapolis 500, where drivers speed around the track at over 200 miles per hour.

But Indiana has plenty to offer non-sports fans, too, from its thriving agriculture to its powerful automotive industry. Its biggest cities include Indianapolis, Fort Wayne, and Evansville, among others.

If you're thinking of buying or selling in Indiana, these Indiana housing predictions and stats can help you make an informed decision.

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Selling a home in Indiana

Indiana real estate market forecast for sellers
⏰ Homes are selling 8.5 days faster than the annual average
💰 Homes are selling for $9,925 more than the annual average
💸 Average listing commission: 2.97%
💸 Average buyer's commission: 2.91%

How to sell a home in Indiana

Cost to sell a home in Indiana

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Buying a home in Indiana

How much home you can buy with $300,000 in...
🏠 Indianapolis: 2,291 sq ft
🏡 Evansville: 2,895 sq ft
🏡 Fort Wayne: 2,537 sq ft
🏠 South Bend: 2,397 sq ft

Investing in Indiana real estate

Best of Indiana

Each month, we compare cities in Indiana based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Indiana
1. Marion
2. Kokomo
3. Terre Haute
4. Michigan City-La Porte
5. Richmond

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Worst of Indiana

Each month, we compare cities in Indiana based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Indiana
1. Elkhart-Goshen
2. Bloomington
3. Warsaw
4. Indianapolis-Carmel-Anderson
5. Columbus

Indiana resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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