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

$724,385

AVERAGE PRICE OF 303 HOMES

$330,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,761,635

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$918,285

AVERAGE PRICE OF 60 NEWLY BUILT HOMES

$890,992

AVERAGE PRICE OF 62 HOMES WITH A POOL

$610,633

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $724,385
Avg Bedrooms 3.5 beds
Avg Bathrooms 3.47 baths

Average Price by Bedrooms

2 bedrooms $425,065
3 bedrooms $523,209
4 bedrooms $611,134
5 bedrooms $1,157,498
Carmel Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 298 321 331 326 323
Average Price $745,062 $712,230 $735,083 $735,876 $727,648
Avg Price Change +4.61% -3.21% -0.11% +1.13% +5.45%
Median Price $579,000 $565,534 $580,334 $579,879 $578,712
Med Price Change +2.38% -2.62% +0.08% +0.20% +14.29%
Avg Bedrooms 3.52 beds 3.49 beds 3.56 beds 3.63 beds 3.6 beds
Avg Bathrooms 3.47 baths 3.39 baths 3.47 baths 3.52 baths 3.5 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Westfield High School 23 $657,856 54 days
Total Homes Average Price Avg Days on Site
All Homes 303 $724,385 72 days
Distressed Homes 1 $330,000 34 days
Multi-Million Dollar Homes 45 $1,761,635 112 days
Newly Built Homes 60 $918,285 115 days
Homes with a Pool 62 $890,992 40 days
Reduced Price Homes 27 $610,633 33 days