Real Estate Market Update for Carmel, IN
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 6% from one year earlier, and down 3% 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 under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 340-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 10% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 Carmel, IN
Area Information for Carmel, IN
  • Population: 83,889
  • Median Age: 38.9 yr
  • Median Commute Time: 20.87 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,767/sq mi
  • Population Change Since 2000: 37.77%
  • Closest Airport: Indianapolis International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Inidiana Business College
  • Median Household Income: $103,607
  • Annual Residential Turnover: 16.43%
  • Median Years in Residence: 3.74 yr
  • Median Home Sales Price: $277,339
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Carmel, IN
Median Age: 38.9 Married: 44% Number of Households: 30,298 Households with Children: 12,917
Community:
    • 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 Carmel, IN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Our Lady Of Mt Carmel School 1.0 mi Catholic K-8 5 4
      Oak Trace Elementary School 1.5 mi Public PRESCHOOL-4 5 4
      Carey Ridge Elementary School 1.5 mi Public PRESCHOOL-4 4 4
      Smoky Row Elementary School 1.8 mi Public K-5 5 5
      Union Bible College Academy 2.1 mi Private K-12 0 5
      Carmel High School 2.2 mi Public 9-12 4-5 4
      Carmel Elementary School 2.2 mi Public K-5 4-5 5
      Westfield Intermediate School 2.4 mi Public 5-6 4 3
      Carmel Middle School 2.4 mi Public 6-8 5 3
      Shamrock Springs Elementary School 2.4 mi Public K-4 4-5 5
      Montessori Learning Center 2.5 mi Private 1-3 0 0
      Carmel Montessori Schools Inc 2.5 mi Private PRESCHOOL-K 0 0
      Montessori School Of Westfield 2.6 mi Private PRESCHOOL-9 0 5
      Saint Maria Goretti School 2.6 mi Catholic PRESCHOOL-8 5 5
      Westfield Middle School 2.8 mi Public 7-8 4 4
      Washington Woods Elementary School 3.0 mi Public K-4 3 3
      Mohawk Trails Elementary School 3.1 mi Public K-5 4-5 5
      Options Charter School - Carmel 3.2 mi Public 9-12 1 4
      Westfield High School 3.2 mi Public 9-12 4-5 4
      Midwest Academy 3.2 mi Private 4-12 0 4
      Cherry Tree Elementary School 3.4 mi Public PRESCHOOL-5 4-5 5
      Maple Glen Elementary 3.4 mi Public PRESCHOOL-4 4-5 5
      Clay Middle School 3.5 mi Public 6-8 4-5 4
      Woodbrook Elementary School 4.0 mi Public K-5 5 5
      Monon Trail Elementary School 4.4 mi Public PRESCHOOL-4 4-5 5
      Forest Dale Elementary School 4.6 mi Public K-5 4 4
      Prairie Trace Elementary School 4.7 mi Public K-5 5 5
      West Clay Elementary 5.3 mi Public K-5 4-5 5
      Creekside Middle School 5.5 mi Public 6-8 4-5 5
      College Wood Elementary School 5.7 mi Public K-5 5 4
      University High School Of Indiana 5.7 mi Private 9-12 4-5 4
      Towne Meadow Elementary School 5.9 mi Public K-5 5 5
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Carmel, IN
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.