Market Update | May 2025 | Southwest Indiana

Southwest Indiana Real Estate Market Update: May 2025

As we step into June 2025, it’s a great time to take a look at how the Southwest Indiana real estate market has shifted over the past year. Comparing May 2024 to May 2025, the market continues to favor sellers, but buyers are starting to gain a bit more leverage.

Market Highlights from May 2024 to May 2025

• Homes Listed for Sale: Up 6.1%
• Average Sales Price: Up 8.1%
• Average Days on Market: Increased from 30 to 32 days

The increase in homes listed for sale means buyers have more options than they did last year. At the same time, the average sales price rising by 8.1% reflects ongoing demand and strong home values in the area.

What the Numbers Mean

While the market is still more of a seller’s market, the slight increase in average days on market—from 30 to 32 days—suggests homes are taking a little longer to sell. This shift is giving buyers more room to negotiate, and seller concessions are becoming more common. Buyers are beginning to ask for more during the negotiation process, which is a sign of a gradually balancing market.

For Buyers

If you’ve been waiting for a chance to enter the market, this is a promising time. With more homes available and sellers more open to concessions, you have a better opportunity to find a home that fits your needs and budget.

For Sellers

The market still favors you, especially with prices up over 8% compared to last year. However, it’s important to price your home competitively and be prepared for negotiations that may include concessions. Presenting your home in the best possible light will help it sell more quickly.

Looking Ahead

Southwest Indiana’s real estate market is evolving, moving toward a more balanced environment. While sellers still hold an advantage, buyers are gaining some ground, making it a dynamic time for both parties.

If you’re thinking about buying or selling and want to understand what these trends mean for you, I’m here to help. We would love to guide you through the process.

Feel free to reach out at 812-777-4611. Let’s work together to make your real estate goals a reality!