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Aberdeen Bend Annally Downs Applewood Estates Ashbrook Ashbury Park Autumn Lake Bainbridge Estates Ballantrae Beacon Point Bella Terra Bentley Oaks Bramblewood Brandywine Bridlebourne Brookstone Park of Carmel Buckhorn Buckhorn Estates Camden Walk Cass Estates Cedar Lake Chateaux De Moulin Cheswick Place Claridge Farm Clay Springs Claybridge at Springmill Crossfields Deerfield English Oaks Greyhound Pass Guilford Park Hamilton Wood Hayden Run Hayden Run Meadows (Lakes at Hayden Run) High Grove Hills and Dales Hunter's Creek Village Hunters Creek South Hunters Knoll Huntersfield Huntington Chase King's Mill Kingsborough Larkspur Laurel Lakes Laurel Ridge Meridian Oak Tree Park at Weston Place Park Northwestern Parks at Springmill Pine Lake Estates Ponds Queens Manor Rohrer Meadows Rohrer Woods Saddlebrook at Shelborne Shadow Lakes Shelborne Green Spring Arbor Spring Farms Spring Lake Estates Spring Mill Spring Mill Place Springmill Crossing Springmill Ponds Springmill Ridge Springmill Streams Springmill Village Springwood Sutton Place The Westons Thistlewood Townhomes at Hunters Creek Towns at Weston Pointe Treesdale Village Farms Village of Mount Carmel Village of West Clay Villages at Weston Place Walnut Creek Woods Waterwood of Carmel West Carmel Center Westchase Westfield Farms Weston Park Weston Ridge Westpark at Springmill Wexley Chase Williams Mill Windemere Windsor Grove Wood Park Woodhaven Woods at Williams Creek

CARMEL, IN 46032

Real Estate Market Report  ·  Hamilton County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46032

Aberdeen Bend · Annally Downs · Applewood Estates · Ashbrook · Ashbury Park · Autumn Lake · Bainbridge Estates · Ballantrae · Beacon Point · Bella Terra · Bentley Oaks · Bramblewood · Brandywine · Bridlebourne · Brookstone Park of Carmel · Buckhorn · Buckhorn Estates · Camden Walk · Cass Estates · Cedar Lake · Chateaux De Moulin · Cheswick Place · Claridge Farm · Clay Springs · Claybridge at Springmill · Crossfields · Deerfield · English Oaks · Greyhound Pass · Guilford Park · Hamilton Wood · Hayden Run · Hayden Run Meadows (Lakes at Hayden Run) · High Grove · Hills and Dales · Hunter's Creek Village · Hunters Creek South · Hunters Knoll · Huntersfield · Huntington Chase · King's Mill · Kingsborough · Larkspur · Laurel Lakes · Laurel Ridge · Meridian · Oak Tree · Park at Weston Place · Park Northwestern · Parks at Springmill · Pine Lake Estates · Ponds · Queens Manor · Rohrer Meadows · Rohrer Woods · Saddlebrook at Shelborne · Shadow Lakes · Shelborne Green · Spring Arbor · Spring Farms · Spring Lake Estates · Spring Mill · Spring Mill Place · Springmill Crossing · Springmill Ponds · Springmill Ridge · Springmill Streams · Springmill Village · Springwood · Sutton Place · The Westons · Thistlewood · Townhomes at Hunters Creek · Towns at Weston Pointe · Treesdale · Village Farms · Village of Mount Carmel · Village of West Clay · Villages at Weston Place · Walnut Creek Woods · Waterwood of Carmel · West Carmel Center · Westchase · Westfield Farms · Weston Park · Weston Ridge · Westpark at Springmill · Wexley Chase · Williams Mill · Windemere · Windsor Grove · Wood Park · Woodhaven · Woods at Williams Creek

Market Analysis

Data as of September 2026. Source: Realtor.com.

The CARMEL, IN real estate market (46032) currently shows 182 active listings, with 65 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 50 days on market compared to 39 days last year.

The median listing price has fallen 8.7% year-over-year, from $628,700 to $573,700.

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Market Context

Market Context

Population: 51,250  ·  Density: 780.7/mi²  ·  Median household income: $121,496

Typical home value: $432,695  ·  Homeownership: 66.8%

Market Overview

Active Listings
182
⇩ 9% vs 200 last year
Pending
65
36% pending ratio
Median Price
$573,700
⇩ 8.7% vs $628,700 last year
Average Price
$988,129
⇧ 10.6% vs $893,042 last year
Days on Market
50
⇧ 28.2% vs 39 days last year

Price Per Square Foot

Median $/sqft
$239
⇩ 0.4% vs $240/sqft last year
Median Home Size
2,221 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 182 this year vs 200 last year
  • Days on market: 50 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $573,700 (-8.7% YoY)
  • Average: $988,129 (+10.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.0 miles — 1,481 listings ($861,482,181 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46032Carmel, IN 460320.0 mi139$115,076,710$569,500$827,890
46280Indianapolis, IN 462803.4 mi16$8,764,192$347,500$547,762
46260Indianapolis, IN 462604.7 mi72$39,093,408$304,750$542,964
46074Westfield, IN 460744.9 mi230$172,570,610$535,250$750,307
46077Zionsville, IN 460776.1 mi88$139,687,856$991,975$1,587,362
46220Indianapolis, IN 462207.5 mi98$39,717,048$336,700$405,276
46228Indianapolis, IN 462288.2 mi46$21,176,652$292,000$460,362
46062Noblesville, IN 460629.0 mi143$69,732,234$451,778$487,638
46075Whitestown, IN 460759.6 mi89$43,014,857$385,975$483,313
46205Indianapolis, IN 462059.7 mi143$53,616,277$302,950$374,939
46226Indianapolis, IN 4622610.8 mi109$27,830,861$209,950$255,329
46218Indianapolis, IN 4621811.6 mi160$25,962,080$149,950$162,263
46037Fishers, IN 4603712.0 mi148$105,239,396$453,700$711,077

Frequently Asked Questions

How many homes are for sale in CARMEL, IN 46032?

As of September 2026, there are 182 active listings in CARMEL, IN (zip code 46032), compared to 200 the prior year.

What is the median home price in CARMEL, IN 46032?

The median listing price in CARMEL, IN 46032 is $573,700 as of September 2026, a 8.7% decrease from $628,700 the prior year.

How long do homes stay on the market in CARMEL, IN?

Homes in CARMEL, IN 46032 spend an average of 50 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in CARMEL, IN 46032?

Based on current inventory and days-on-market data as of September 2026, CARMEL, IN 46032 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 50 days on market compared to 39 days last year.

How much can I save on real estate commission in CARMEL, IN?

With SELL123.com's maximum 3% commission, sellers in CARMEL, IN 46032 save an estimated $11,474 compared to a typical 5% commission on the median listing price of $573,700. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.