Washington Township, Meridian Kessler, Carmel, Zionsville & Westfield
The North Indianapolis real estate market is showing mixed signals in February 2026, with strong price growth in some areas, slower sales in others, and inventory levels still relatively tight across most communities. While buyer demand remains steady, homes are generally taking longer to sell compared to last year in several markets.
Below is a breakdown of how key markets are performing.
Washington Township Market Overview
Washington Township continues to show healthy demand with rising prices and quicker sales.
- Active Listings: 194
- Pending Listings: 158
- Sold Listings: 96 (up 45% from 66 last year)
- Average Sales Price: $419,179 (+13%)
- Average Price per Sq Ft: $226.40 (-2%)
- Average Days on Market: 43 (7 days faster than last year)
- Months of Inventory: ~2.0
Despite a slight dip in price per square foot, the overall market strength is clear. More homes are selling and prices are higher, while homes are moving faster. With about 2 months of inventory, Washington Township remains a strong seller’s market.
Meridian Kessler
Meridian Kessler saw significant price growth and increased sales, though homes are taking longer to sell.
- Sold Listings: 15 (up 88%)
- Average Sales Price: $755,767 (+77%)
- Average Price per Sq Ft: $308.16 (+2%)
- Average Days on Market: 50 (up from 22 days)
- Months of Inventory: 2
The large increase in average price suggests more high-end homes sold this year, pushing the overall average up dramatically.
Butler-Tarkington
Butler-Tarkington saw more transactions but softer pricing.
- Sold Listings: 8 (up 167%)
- Average Sales Price: $513,875 (-23%)
- Average Price per Sq Ft: $245.11 (+9%)
- Average Days on Market: 48 (more than double last year)
- Months of Inventory: 4.4
While price per square foot increased, the drop in average price suggests smaller homes or lower price points made up more of the sales mix.
Meridian Hills & Williams Creek
Activity was extremely limited in this luxury pocket.
- Active Listings: 4
- Pending Listings: 3
- Sold Listings: 0 (down from 1 last year)
With such low transaction volume, year-over-year comparisons aren’t meaningful, but inventory remains very tight.
Washington Township Luxury Market ($1M+)
The luxury segment remains active but sales timelines have slowed significantly.
- Sold Listings: 4 (up 100%)
- Average Sales Price: $1.48M (+5%)
- Average Price per Sq Ft: $427.55 (+15%)
- Average Days on Market: 17 (up sharply from 1 day last year)
- Months of Inventory: 2.5
Luxury homes are still appreciating, though buyers are taking more time before purchasing.
Carmel
Carmel saw fewer transactions and slightly lower prices, with homes staying on the market longer.
- Sold Listings: 42 (-33%)
- Average Sales Price: $609,558 (-2%)
- Average Price per Sq Ft: $246.71 (-2%)
- Average Days on Market: 34 (8 days longer)
- Months of Inventory: ~2.1
Even with declining sales volume, Carmel still has low inventory and stable pricing.
Zionsville
Zionsville experienced a drop in both sales volume and prices.
- Sold Listings: 18 (-10%)
- Average Sales Price: $640,360 (-18%)
- Average Price per Sq Ft: $235.78 (-10%)
- Average Days on Market: 44 (unchanged)
- Months of Inventory: ~2.8
While prices softened compared to last year, inventory remains limited, keeping the market relatively balanced.
Westfield
Westfield saw higher home prices despite fewer sales and longer selling times.
- Sold Listings: 61 (-25%)
- Average Sales Price: $626,201 (+23%)
- Average Price per Sq Ft: $245.39 (+4%)
- Average Days on Market: 65 (up from 39)
- Months of Inventory: ~2.36
This suggests higher-end homes are driving price growth, even as the market slows slightly.
Key Takeaways for Buyers and Sellers
1️⃣ Inventory remains tight across most markets
Most areas are sitting between 2–3 months of inventory, which still favors sellers.
2️⃣ Prices are generally stable or rising
Many markets—including Washington Township and Westfield—are seeing notable price growth.
3️⃣ Homes are taking longer to sell in many areas
Days on market increased in several communities, showing buyers are becoming more selective.
4️⃣ Luxury and established neighborhoods remain strong
Meridian Kessler and the Washington Township luxury market both saw strong price performance.
✅ Bottom Line:
The North Indy market is still healthy, but the pace has shifted slightly. Buyers have more time to evaluate homes, while sellers must focus on accurate pricing and strong presentation to stand out. Call Matt today to better understand how these data points may impact your next real estate decision.