INSIDER INTEL | 📊 May 2026 Market Update
The spring market remained active across Central Indiana, with home values continuing to rise in many of our most sought-after communities—even as homes are taking a little longer to sell than they did last year.
🏡 Washington Township
• Closed sales up 6%
• Average sales price up 6% to $489K
• Inventory remains tight at just 1.3 months
✨ Meridian Kessler
• Closed sales up 19%
• Homes are spending more time on the market (27 days vs. 12 last year)
🌳 Butler-Tarkington
• Average sales price climbed 9% to $592K
• Sales increased 8%
• Still a very competitive market with an average of only 13 days on market
💎 Meridian Hills & Williams Creek
• Luxury demand remains strong
• Average sales price jumped 22% to $1.28M
• Average price per square foot increased 23%
• Homes sold in just 3 days on average
🏆 Washington Township Luxury Market ($1M+)
• Sales up 20%
• Average sales price surged 38% to $1.45M
• Inventory remains limited at just 1.3 months
📍 Carmel
• One of the strongest markets this spring
• Closed sales up 26%
• Average sales price up 12% to $808K
• Less than 1 month of inventory available
📍 Zionsville
• Sales increased 18%
• Average sales price approaching $900K
• Inventory remains tight at 1.2 months
📍 Westfield
• Average sales price up an impressive 16%
• Price per square foot up 13%
• Buyers continue to compete for quality homes
🔑 What does this mean?
While homes are generally taking longer to sell than they did during the ultra-fast market of 2025, inventory remains historically low across most communities. Well-priced homes continue to attract strong interest, and rising values are creating opportunities for homeowners considering a move.
Thinking about buying or selling this year? Call Matt to understand about what these trends mean for your neighborhood.