Carmel, IN Foreclosures
How much do homes sell for in Carmel, IN?
The average home price is currently $683,484.
In Carmel, IN, how many homes are available?
There are currently 6 active home listings available in Carmel.
What’s the average rental cost in Carmel, IN?
The average rental price in Carmel is $2,260.
What is the most expensive home in Carmel?
The most expensive home sold in Carmel had a price of $13,560,688.
What is currently the cheapest priced home in Carmel, IN?
The cheapest home for sale in Carmel is priced at $24,974.
Living in Carmel, IN
Carmel, Indiana is a vibrant suburban area known for its beautiful neighborhoods, excellent schools, and abundant parks. The city combines a small-town feel with urban amenities, making it an attractive place for families and professionals alike. With a strong economic base and a commitment to the arts, Carmel is often recognized for its high quality of life and community spirit.
Current Market Conditions in Carmel, IN
The real estate market in Carmel remains strong, with a steady increase in property values over the last few years. Homebuyers are drawn to the city's reputation for quality education, safety, and community involvement. The demand for housing has led to new construction and developments that cater to various preferences, from luxury homes to more affordable options.
Recently, there has been a noticeable increase in inventory, giving buyers more choices while still experiencing competitive pricing. Home sales have been brisk, with properties often being sold within days of listing, particularly in sought-after neighborhoods. Overall, the market shows healthy signs of appreciation and stability.
Home Value Estimator For Carmel, IN
There are currently 29,416 real estate properties
in Carmel, IN,
with a median automated valuation model (AVM) price
of $589,065.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Carmel, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Carmel, IN,
is $683,484.00, with the most expensive house
in Carmel, IN, topping out
at $13,560,688.00 and the cheapest home
in Carmel, IN,
clocking in at $24,974.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Carmel, IN!
Rent Prices
In Carmel, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Carmel, IN, is on
a rollercoaster ride. The
average rent price in Carmel, IN,
is $2,260.00. Indeed, when looking to rent in
Carmel, IN, you can expect to pay as little
as $700.00 or as much
as $4,600.00,
with the average rent median estimated to
be $2,200.00. The good news is that finding
an affordable and desirable property to rent in Carmel, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
