Carmel, IN housing market
The typical Carmel home is worth about $574,000, up 4.7% in a year, 121% above the Indiana typical home. Homes typically sell in 10 days, a little above asking.
Home values, sales, trends and how Carmel compares with the towns next door — updated as new data is published.
Carmel at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Carmel | Indiana |
|---|---|---|
| 2017 | $322,000 | $135,000 |
| 2018 | $332,000 | $144,000 |
| 2019 | $346,000 | $154,000 |
| 2020 | $359,000 | $164,000 |
| 2021 | $391,000 | $183,000 |
| 2022 | $454,000 | $209,000 |
| 2023 | $497,000 | $227,000 |
| 2024 | $519,000 | $237,000 |
| 2025 | $540,000 | $249,000 |
| 2026 | $563,000 | $256,000 |
| August 2026 | $574,000 | $260,000 |
Carmel and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Carmel | $574K | +4.7% | 10 | $141,505 |
| Fishers | $445K | +1.8% | 16 | $130,203 |
| Zionsville | $704K | +6.4% | 11 | $172,024 |
| Indianapolis | $230K | −0.8% | 19 | $66,307 |
| Noblesville | $393K | +2% | — | $103,845 |
| Noblesville | — | — | 19 | $104,047 |
| Westfield | $473K | +3.2% | 13 | $122,789 |
4.1 years of income
The typical Carmel home costs about 4.1 years of the town's median household income, more than across Indiana (3.6 years).
How Carmel ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.