Fall is the new spring for the Hamilton County housing market.

The fall housing market will feel a bit more like spring this year. Inventory is up, interest rates are dipping, and momentum is building. Let’s break down what’s happening in Hamilton County.

After a few wild years of ultra-low inventory and sky-high demand, we’re finally seeing more housing for sale in neighborhoods across Hamilton County. In fact, inventory has been rising for six straight months — something we haven’t seen in years. Hamilton County saw a 25-percent increase in inventory compared to last year.

Interest rates have been a real buzzkill for buyers the last couple of years. In 2024, rates sat stubbornly in the 7-percent range. But now they’re starting to come down, and all indications are we could see the low 6-percent range this year and maybe even get into the 5-percent range in first quarter 2026. Lower interest rates mean more buying power, which is great news for those who’ve been sitting on the sidelines and for first-time buyers who have been priced out of some markets.

 While some areas in the U.S. (parts of California, Florida and Texas, for example) have seen home prices dip or even drop sharply, Hamilton County is holding strong. The median sale price in Hamilton County is up 3.7% from last year, and the average sales price is $456,274 — the highest in central Indiana.

This all means a healthier, more balance market this fall and into 2026, where we should see more homes hit the market thanks to the lower rates, giving buyers more choices and stronger purchasing power. 

Realtor Laura Musall has been through all kinds of shifts in the real estate market from the crash in 2008, to the frenzy of 2020. She leads the team of Laura Musall Homes, part of the F.C. Tucker Company.

Let’s take a quick tour of the local market:

Carmel

  • August 2025 Sales: 120 homes (up from 109 in 2024)
  • Median Sale Price: $569,950 (up from $565,000)
  • Year-to-date: 821 homes sold in 2025, with a median price of $605,000

Fishers

  • August 2025 Sales: 168 homes (a big jump from 115 last year)
  • Median Price (Aug): $435,000 (slightly down, but year-to-date is up)
  • YTD Median Price: $451,750 in 2025 vs. $440,000 in 2024

Noblesville

  • August 2025 Sales: 105 homes
  • Median Price: $389,900 (up from $372,500)
  • YTD: 806 homes sold with a median price of $390,245 (up from $375,000)

Westfield

  • August 2025 Sales: 136 homes
  • Median Price: $467,313 (slightly down from last year)
  • YTD: 1,011 homes sold, median price $495,000 (up from $470,000)

 

HAMILTON CONNECTION

Hamilton County Leadership Academy (HCLA) and Invest Hamilton County have launched a community ambassador program. The partnership, called HAMILTON CONNECTION will highlight the personal stories of HCLA alumni and allow those Connectors to help personalize the things that make Hamilton County a great place to live, work, learn, and thrive. Meet the Hamilton Connectors HERE.