January’s residential real estate market remained stable, with inventory increasing

After an unusually active fourth quarter 2024, central Indiana’s residential real estate market stabilized in January with inventory increasing.

According to F.C. Tucker Company, part of the Howard Hanna family of companies: 

• Available housing inventory increased 21.3% compared to January 2024.
• Homes spent eight days, or 25.8%, longer on the market than this time last year.
• Pended home sales decreased 7% compared to this time last year.
• Compared to January 2024, the median home sale price for the 16-county central Indiana region increased 5.4% to $289,900.

In January 2025, 2,298 central Indiana homes were purchased, down 7% from the 2,470 sold in January 2024.

• Hancock County had the greatest increase in pended home sales in January 2025, up 32.3%compared to this time last year.
• Shelby County pended sales had the greatest decrease, 43- to 24 or 44.2% fewer homes sold compared to January 2024. Shelby County’s active listings inventory rose from 64 to 75 during the same period with a median sale price of $244,500.

Central Indiana year-to-date home sale prices increased 5.4% overall.

• Brown County recorded the highest year-to-date median home sale price decrease, down 6.6%.
• Hamilton County had the highest year-to-date median home sale price in the region at $443,997.
• Homes sold in 39 days, spending eight days, or 25.8% , longer on the market than January 2024. Johnson County homes sold 11.4% faster than this time last year, the greatest increase in central Indiana.

Central Indiana experienced a 21.3% increase in overall available home inventory in January 2025, compared to January 2024, with 763 more homes available for sale.

• Jennings County had the largest inventory increase – up 63% compared to January 2024.
• Boone County had the greatest decrease in inventory – down 17.2% compared to this time last year.

"We typically expect to see a slower market at the beginning of a new year just after the holiday season, and this year is no exception," said Jim Litten, president of F.C. Tucker Company. "However, the continued increase of available inventory means prospective buyers will have a robust selection of homes to choose from during the busier spring season."

Of the pended home sales in the region last month, three were priced $2,000,000 or higher; 23 were priced $1,000,000 to $1,999,999; 258 were priced $500,000 to $999,999; 835 were priced $300,000 to $499,999; 722 were priced $200,000 to $299,999; 399 were priced $100,000 to $199,999; and 58 were priced at $99,999 or less.

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