Now that 2024 is in full swing, let's take another look at the state's real estate market.
Nationally, mortgage rates have stabilized in the 6% range, down from 8% in October, but overall inventory is still down about 4% from a year ago, according to data from real estate tracking site Redfin. There is.
According to Redfin, the median home sales price in the U.S. rose 5.1% in the first four weeks of January, thanks in large part to lower inventory. This growth was the largest since October 2022.
In Indiana, home prices rose 3.5% in December from a year earlier.
Here's a look at what buyers in the $500,000 price range are likely to find in different cities across the state.
Buying a home in Indiana:How much income do homebuyers in Indianapolis need to earn to buy a home? It keeps going up.
Indianapolis
This custom home on Columbia Avenue is only two years old and spans over 2,600 square feet.
This 3-bedroom, 2.5-bathroom apartment features exposed brick, ductwork, and wood beams in the kitchen and living area, as well as granite countertops and a 5-burner Italian stove.
This two-story Craftsman-style home with a detached garage is located near the Monon, Bottleworks and Mass Avenue and is on the market for $510,000.
mooresville
Located in Mooresville, just south of Indy, this charming rustic log cabin for $525,000 sits on more than 3 acres of land.
The 3-bedroom, 2.5-bath home sits on just under 3,000 square feet of space and combines modern amenities with classic cabin style. A spacious porch offers views of the outside world, a wood-burning fireplace in the living area, and a large bathtub in the bathroom to keep you warm during the winter months.
Additionally, a two-car attached garage and a newly built three-bay garage provide ample storage or workshop space.
evansville
This Charleston-style Colonial home in Evansville has plenty of space and curb appeal, with over 3,200 square feet, 3 bedrooms, and 3.5 bathrooms.
Built in 2004, the 1.5-lot brick home features four fireplaces, a large rec room, a courtyard and a three-car garage.
Features such as a wet bar in the living room, built-in furniture (including a safe), and woodwork throughout the home add character and functionality.
terre haute
This Terre Haute home offers unique architecture and the chance of country club living.
The home, located on the 14th hole of the Country Club of Terre Haute Golf Club, is listed for $500,000 and has more than 4,800 square feet of space, with floor-to-ceiling windows showing off the surrounding landscape.
The space includes six bathrooms, four bedrooms, a wood-paneled library that can be used as a home office or fifth bedroom, a three-car garage, walk-out basement, and a lower-level game room. Also included.
florence
For buyers looking for waterfront views, this home overlooking the Ohio River is listed for $515,500 and includes a private boat launch.
A wall of windows in the main living area and a covered front patio offer stunning views of the water and beyond.
The 11.5-acre property offers plenty of space for outdoor activities, and the 1,800-square-foot pole barn with RV canopy and concrete floor is perfect for storing your vehicle or creatively utilizing the extra space. is.
