Carmel

Why you'd want to live in Carmel

Carmel is located directly north of Indianapolis. Becoming a city in 1976, Carmel has seen significant growth in the recent decades. It now reports a population of just over 83,000. The average home costs $303,000, which has risen 33% in a little over a decade. The average household income is $133,000. From new housing, to established neighborhoods, Carmel has it all.

Carmel Market Report

$596,554

AVERAGE PRICE OF 343 HOMES

$1,411,671

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$636,703

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$741,820

AVERAGE PRICE OF 110 HOMES WITH A POOL

$831,685

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $596,554
Avg Bedrooms 4 beds
Avg Bathrooms 3.84 baths

Average Price by Bedrooms

2 bedrooms $329,535
3 bedrooms $398,933
4 bedrooms $535,383
5 bedrooms $818,866
Carmel Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 321 305 237 224 205
Average Price $621,732 $599,268 $595,293 $559,400 $560,094
Avg Price Change +3.75% +0.67% +6.42% -0.12% +2.35%
Median Price $490,365 $479,433 $475,321 $447,958 $448,998
Med Price Change +2.28% +0.87% +6.11% -0.23% +5.89%
Avg Bedrooms 3.99 beds 3.98 beds 3.85 beds 3.8 beds 3.85 beds
Avg Bathrooms 3.88 baths 3.88 baths 3.83 baths 3.78 baths 3.89 baths
Total Homes Average Price Avg Days on Site
All Homes 343 $596,554 42 days
Multi-Million Dollar Homes 42 $1,411,671 68 days
Newly Built Homes 32 $636,703 127 days
Homes with a Pool 110 $741,820 43 days
Reduced Price Homes 7 $831,685 71 days