Indianapolis Area Real Estate Blog

Carmel Real Estate Sales – August 2009


Carmel Indiana Homes for Sale is a popular search for home buyers in the Indianapolis area. Carmel, Indiana is noted as having some of the most expensive real estate in Indianapolis, excluding waterfront properties and some downtown condos. With 849 currently active Carmel homes for sale through the MLS, there is sufficient inventory available, but which homes are selling?

Let’s take a look at what the Carmel Real Estate numbers for August tell us if you are trying to sell your home. What price range is selling and how long might it take? Remember, these are averages!

CARMEL – August 2009 Active Sold Average DOM Month’s Supply
less than $100,000 25 5 54 5
$100,000 - 200,000 155 26 88 5.96
$200,000 - 300,000 167 34 68 4.91
$300,000 - 400,000 131 20 55 6.5
$400,000 - 500,000 93 6 42 15.5
$500,000 – 600,000 63 5 84 12.6
$600,000 – 750,000 78 6 72 13.0
$750,000 – 1,000,000 76 3 128 25.3
$1,000,000 – 2,000,000 56 2 165 28.0
Above $2,000,000 17 0 229 ????


Homes in the $200,000 –300,000 price point have the highest percentage of sales and are within a “neutral” market range for sales. Statistically, a neutral market does not favor either buyer or seller and while there were a few homes sold over asking price, most have reduced their price to sell. Still, we  have been seeing multiple offers on homes in this price range. In Carmel, the “under $400,000 price point is fairing well. You can see the huge increase in absorption rate as prices inch over the $400,000 price range.

Most Popular Neighborhoods The Carmel neighborhoods or communities with home sales in the $200,000 – 300,000 price range were:

  • Heather Knoll
  • Claybourne
  • Stone Haven
  • Plum Creek
  • Cherry Creek
  • Ridge at Hayden Run
  • Fairgreen Trace
  • Cherry Creek Estates
  • Cool Creek North
  • Woodland Springs
  • Plum Creek North
  • Glenwood
  • Ashmore Trace
  • Lady Hamilton Estates
  • Village of Mount Carmel
  • Brookshire
  • Lakewood Gardens
  • Plum Creek Ridge
  • Traditions on the Monon
  • Shelbourne Green

Search All Carmel Indiana Homes for Sale

Average days on Carmel Real Estate market and absorption rate will vary by price range.

Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 8/1/2009 and 8/31/2009. This data is reflective of homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.

Indianapolis Real Estate Blog, written by Paula Henry, team leader of The Home to Indy Team, an Indianapolis Realtor Team at Keller Williams Realty, serving the Indianapolis and Carmel Indiana real estate markets.

Call Paula – 317–605–4174


#1 By Michael Bergin - Alexandria, VA Real Estate at 9/5/2009 6:08 PM


Nice clean report on Carmel sales. Makes it easy for the reader to see exactly what is happening.


#2 By Ashlee at 9/9/2009 6:20 PM

Nice report. Makes it easy for the client to read and know what they are getting themselves into!

#3 By Sarah at 9/14/2009 9:31 AM

Very nice clean & detailed report. The market is similar here in Dallas. But I do see a change approaching... crossing my fingers ;-)

#4 By Greg Dallaire at 9/25/2009 8:32 PM

There are some huge positives in your lower priced markets! I would assume that's where your focusing a lot of your current efforts!

I'll second the two above comments this report is clean and easy to understand your readers should find some clear value from this great info!

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