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Featured local agent — Carmel, IN
Sarah Mitchell
Compass Real Estate · Carmel, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Carmel, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$630,000median sale price
How is the Carmel, IN housing market right now?
The median home sale price in Carmel, IN is $630,000, up 14.0% year-over-year. Homes sell in an average of 10 days with 160 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Carmel a buyer's or seller's market?
Carmel, IN is currently a strong seller's market, based on 0.9 months of supply and homes selling in about 10 days. How we determine this →
Homes sold
181
Last 12 weeks
Days on market
10
Fast-moving
Active listings
160
0.9 months supply
Sale-to-list
100.6%
Above asking
What does the Carmel housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $630,000 |
| Median list price | $595,000 |
| Year-over-year price change | +14.0% |
| Average days on market | 10 days |
| Active inventory | 160 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 181 |
| New listings (latest month) | 157 |
| Listings with a price cut | 39.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Carmel by property type?
How the Carmel, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $677,500 | $192/sq ft | 154 | 8 days |
| Condo / Co-op | $299,950 | $196/sq ft | 18 | 41 days |
| Townhouse | $445,002 | $225/sq ft | 9 | 31 days |
Source: Redfin · Updated monthly
The Carmel housing market is currently classified as a strong seller's market with a median sale price of $630,000. Prices have risen 14.0% compared to last year, with homes spending an average of 10 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Carmel
There are currently 160 homes listed for sale in Carmel, Indiana. The median listing price is $595K.
Active listings
160
Homes on market
Median list price
$595K
Avg. days on market
10
Days until sale
New this week
157
Newly listed
Who lives in Carmel?
Population
100,501
Median income
$134,602/yr
Median age
40.5 years
Owner-occupied
74.6%
College grads
74.5%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Carmel?
Zillow home value
$582,445
Zillow rent index
$1,854/mo
Price-to-rent ratio
26.2x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Carmel?
Carmel is a community of approximately 101K residents with a median age of 40.5 years.The median household income is $134,602, which reflects a relatively affluent area with strong earning potential. 74.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Carmel offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Carmel?
17 schools tracked · 16,741 students
The largest public schools serving Carmel, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Carmel High School
Grades 9-12 · 5,200 students
Clay Middle School
Grades 6-8 · 1,395 students
Creekside Middle School
Grades 6-8 · 1,394 students
Carmel Middle School
Grades 6-8 · 1,070 students
Cherry Tree Elementary School
Grades PK-5 · 711 students
Prairie Trace Elementary School
Grades K-5 · 705 students
Clay Center Elementary School
Grades PK-5 · 689 students
Carmel Elementary School
Grades K-5 · 682 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Carmel, IN?
Want a head-to-head view? Compare Carmel side-by-side with any other U.S. city using our market-comparison tool.
Is Carmel a good real estate investment market?
For investors evaluating Carmel, the price-to-rent ratio of 26.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 14.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Carmel's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Carmel's median home price.
Frequently asked questions
What is the average home price in Carmel?
The median home sale price in Carmel is $630,000, up 14.0% from last year.
How long do homes stay on market in Carmel?
Homes typically spend 10 days on market before going under contract.
What is the median income in Carmel?
The median household income is $134,602 per year.
Is Carmel a buyer's or seller's market?
With 0.9 months of supply, Carmel is currently a strong seller's market.
What is the Zillow home value estimate for Carmel?
The Zillow Home Value Index (ZHVI) for Carmel is $582,445, representing the typical home value in the area.
What is the median condo price in Carmel?
The median condo/co-op sale price in Carmel, IN is $299,950, compared to $677,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Carmel?
The median single-family home price in Carmel, IN is $677,500 (about $192 per square foot).
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