Boone County home sale prices on the rise


Nearly 1,500 homes pended in December, with all but three Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, December 2014 pended home sales rose to 1,497 over December 2013, an increase of 43 homes sold in the nine counties that F.C. Tucker tracks.

In Boone County, pended sales decreased while the sale price increased:

  • Last month, pended sales in Boone County dipped 5.4 percent to 53 homes compared to 56 homes in December 2013.
  • Sale prices in Boone County continue to trend up. In December 2014, the average sale price rose to $281,444, which is an increase of 10.6 percent compared to December 2013.
  • In Zionsville, 53 homes pended last month, which is 20 more homes than December 2013.
  • Inventory in Zionsville has increased. Last month, 175 homes were available for sale – an increase of 21 homes compared to December 2013.
  • Homes in Zionsville are selling at a stable pace. In December 2014, homes were available for sale for 77 days – three fewer days than the same time last year.

Overall across Central Indiana, listing inventory continues to fall while home sale prices inch up – positive indications that stabilization continues across our region. We expect this positive movement to continue into the first half of 2015.