Real Estate Market Update for 46032 (Carmel, IN)

Video: Real Estate Community Tour for 46032 (Carmel, IN)

See Real estate community tour for 46032 (Carmel, IN)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 36% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 620-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 23%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 320-thousand dollars. The number of units sold increased 5% year-over-year, and increased 42% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 46032 (Carmel, IN)
Area Information for 46032 (Carmel, IN)
  • Population: 47,109
  • Median Age: 39.47 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 1,825/sq mi
  • Population Change Since 2000: 40.34%
  • Closest Airport: Indianapolis International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Inidiana Business College
  • Median Household Income: $93,434
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $280,125
  • Closest Major Sports Team: Indianapolis Indians (aaa)
  • Change Avg. Household Income Since 2000: 18.21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 46032 (Carmel, IN)
Median Age: 39.47 Married: 51% Number of Households: 18,307 Households with Children: 6,817
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 46032 (Carmel, IN)

      School Name Distance Type Grades School Rating Parent Rating
      Carmel Montessori Schools Inc 0.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      Carmel Middle School 1.1 mi Public 6-8 5 3
      Smoky Row Elementary School 1.3 mi Public K-5 5 0
      Options Charter School - Carmel 1.3 mi Public 9-12 0 0
      Midwest Academy 1.3 mi Private 4-12 0 0
      Carmel Elementary School 2.1 mi Public K-5 5 0
      Clay Montessori School Of Main Street Carmel 2.2 mi Private PRESCHOOL-K 0 0
      Our Lady Of Mt Carmel School 2.2 mi Catholic K-8 0 0
      Carmel High School 2.2 mi Public 9-12 5 4
      Primrose School At West Clay 2.5 mi Private PRESCHOOL-K 0 0
      Towne Meadow Elementary School 2.8 mi Public K-5 5 0
      University High School Of Indiana 2.9 mi Private 9-12 0 0
      Creekside Middle School 3.1 mi Public 6-8 5 0
      West Clay Elementary 3.2 mi Public K-5 5 0
      College Wood Elementary School 3.2 mi Public K-5 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 46032 (Carmel, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.