Indiana housing market split offers buyers new openings

"Indiana's top-performing housing markets remain constrained by tight supply, with homes selling in as few as 28 days as statewide inventory approaches two months. The data points to a widening divide as some metros gain breathing room while others stay firmly seller-driven. This disparity creates a 50% difference in sales speed between Indiana's tightest and longest markets, carrying major implications for pricing strategies and transaction timelines statewide."

"Kokomo claimed the top spot among Indiana metros with homes going under contract in just 28 days on average, according to HW Data analysis of single-family home sales. The metro's 1.8 months of inventory and $195,900 median price illustrate how limited supply drives rapid transactions, with 208 active listings serving the market. Three metros tied for second place at 35 days on market: Muncie, Elkhart-Goshen and Lafayette."

"Bloomington and Michigan City were the only Indiana metros with more than two months of supply, offering slightly more balance between active listings and buyer demand than most of the state. Both markets recorded 56 days on market, showing how additional inventory naturally lengthens sales timelines. Bloomington maintained 2.8 months of supply with a $399,000 median price and 492 active listings, while Michigan City reported 2.5 months of inventory at a $299,500 median."

Inventory across Indiana approaches two months, keeping markets largely seller-driven and accelerating sales in top metros. Kokomo averages 28 days on market with 1.8 months of inventory, a $195,900 median price, and 208 active listings. Muncie, Elkhart-Goshen and Lafayette each average 35 days on market with inventories between 1.6 and 1.9 months and median prices ranging from $199,900 to $368,688. Columbus averages 42 days on market with 1.7 months of supply and a $309,950 median price. Bloomington and Michigan City exceed two months of supply, each recording 56 days on market and medians of $399,000 and $299,500 respectively. National supply of 2.6 months underscores Indiana's continued seller tilt.

Read at www.housingwire.com