Carmel, IN Housing Market
The Carmel housing market is very competitive. Homes in Carmel receive 2 offers on average and sell in around 7 days. The median sale price of a home in Carmel was $535K last month, up 17.3% since last year. The median sale price per square foot in Carmel is $187, up 10.7% since last year.
Carmel Housing Market Trends
In March 2024, Carmel home prices were up 17.3% compared to last year, selling for a median price of $535K. On average, homes in Carmel sell after 7 days on the market compared to 21 days last year. There were 104 homes sold in March this year, down from 132 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Carmel housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 12 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 20 days.
- Hot homescan sell for around list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 8 days.
- Hot homescan sell for about 1% above list price and go pending in around 4 days.
Carmel Migration & Relocation Trends
- Across the nation, 0.49% of homebuyers searched to move into Carmel from outside metros.
- Chicago homebuyers searched to move into Carmel more than any other metro followed by Los Angeles and New York.
- 77% of Carmel homebuyers searched to stay within the Carmel metropolitan area.
- Cape Coral was the most popular destination among Carmel homebuyers followed by Sarasota and South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 523 | ||
2 | 283 | ||
3 | 231 | ||
4 | 221 | ||
5 | 198 | ||
6 | 146 | ||
7 | 119 | ||
8 | 42 | ||
9 | 28 | ||
10 | 27 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 134 | ||
2 | 126 | ||
3 | 98 | ||
4 | 94 | ||
5 | 92 | ||
6 | 88 | ||
7 | 69 | ||
8 | 57 | ||
9 | 50 | ||
10 | 47 |
View houses in Carmel that sold recently
Recently sold homes
- $446,000 Last Sold Price3 beds3 baths2,075 sq ft15457 Mystic Rock Dr, Carmel, IN 46033List Price$445,000Sale to List0% over listDays on Market56 days15457 Mystic Rock Dr, Carmel, IN 46033
- $540,000 Last Sold Price4 beds2.5 baths3,856 sq ft5788 Berry Glen Ct, Carmel, IN 46033List Price$535,000Sale to List1% over listDays on Market35 days5788 Berry Glen Ct, Carmel, IN 46033
- $405,000 Last Sold Price3 beds2 baths2,460 sq ft5700 E 116th St, Carmel, IN 46033List Price$400,000Sale to List1% over listDays on Market41 days5700 E 116th St, Carmel, IN 46033
- $349,000 Last Sold Price3 beds2 baths1,492 sq ft11149 Shag Bark Trl, Carmel, IN 46032List Price$349,000Sale to List0% over listDays on Market41 days11149 Shag Bark Trl, Carmel, IN 46032
- $320,000 Last Sold Price3 beds2.5 baths1,880 sq ft13376 Golden Gate Dr W, Carmel, IN 46074List Price$342,000Sale to List6% under listDays on Market55 days13376 Golden Gate Dr W, Carmel, IN 46074
- $625,100 Last Sold Price4 beds3.5 baths5,080 sq ft3890 Kegler Way, Carmel, IN 46074List Price$619,900Sale to List1% over listDays on Market30 days3890 Kegler Way, Carmel, IN 46074
- $569,000 Last Sold Price4 beds4 baths3,738 sq ft806 Arrowwood Dr, Carmel, IN 46033List Price$568,500Sale to List0% over listDays on Market98 days806 Arrowwood Dr, Carmel, IN 46033
- $299,900 Last Sold Price4 beds2 baths1,622 sq ft10605 Penn Dr, Carmel, IN 46280List Price$299,900Sale to List0% over listDays on Market42 days10605 Penn Dr, Carmel, IN 46280
See all recently sold homes in Carmel.
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Schools in Carmel
- Elementary
- Middle
- High
GreatSchools Rating
10/10 West Clay Elementary Public • K-5 | 788 Students | 3 reviews |
10/10 College Wood Elementary School Public • K-5 | 780 Students | 8 reviews |
10/10 Smoky Row Elementary School Public • PreK-5 | 714 Students | 5 reviews |
10/10 Cherry Tree Elementary School Public • PreK-5 | 693 Students | 5 reviews |
10/10 Prairie Trace Elementary School Public • K-5 | 600 Students | 5 reviews |
Climate's impact on Carmel housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Carmel.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Moderate
Heat Factor
Transportation in Carmel
Walk Score®
Bike Score®
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