Indiana (IN) housing market

Name: Indiana Housing Market Data
Creator: Redfin

Warm Market

Statewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.

Data period: May 2026

Market snapshot

Median sale price: $287K
Median days on market: 26 days
Months of supply: 2.0
Active inventory: 16,818
Homes sold: 8,243
Sale-to-list ratio: 98.3%
Listings with price drop: 36.5%
Data month: May 2026

Analyze a rental property in Indiana Run a deal in the Indiana market

Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.

Rental Investor Snapshot

Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.

Market temperature: Competitive
Buyer leverage: High
Pricing signal vs. U.S. median: Easier buy-in vs. U.S. median (price only)
Investor fit (heuristic): Buy-in vs. U.S. · Appreciation · Negotiation

Watch-outs

Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.

Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.

Warm Market

The market is active with moderate buyer demand.

Indiana market summary

The Indiana housing market is heating up. As of May 2026, the median home sale price is $287K, up 4.2% year-over-year. Homes are spending a median of 26 days on the market, 4.0% longer than a year ago.

There are 16,818 homes for sale — 7.0% fewer than last year. With 2.0 months of supply, this is a seller's market. 10,066 new listings were added during this period, down 5.0% year-over-year.

Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 22.7% of homes sell above their asking price. 36.5% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

Contributing Factors

Months of Supply– 2.0

Days on Market– 26

Price Drops↑ 36.5%

Sale-to-List Ratio– 98.3%

Market Temperature– Warm

How This Market Compares

vs. National Median

Median Price (National: $450K)↓ 36.1%

Days on Market (National: 42)↓ 38.1%

Inventory (National: 1,460,440)↓ 98.8%

Investor takeaway

A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 36% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.

Indiana market trends

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Detailed market metrics

Median list price

$297K

Price per sq ft

$154

Sale-to-list ratio

98.3%

Months of supply

2.0

Sold above list

22.7%

Price drops

36.5%

New listings

10,066

↓ 5.0% YoY

Pending sales

9,450

Indiana housing market FAQs

What is the median home price in Indiana?

For the latest published month, the median sale price in Indiana is $287K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.

Is Indiana a buyer's or seller's market?

With about 2.0 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.

How long do homes stay on the market in Indiana?

For the latest published month, the median days on market in Indiana is 26 days — half of homes went pending faster and half slower.

Is Indiana good for rental property investors?

Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Indiana can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.

How should investors analyze a rental property in Indiana?

Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Indiana deals.

Metro markets in Indiana

Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.

Indianapolis, IN

$325K median · 19 days on market

Hot Market

Gary, IN

$300K median · 26 days on market