Why it’s hard to buy a home in Central Indiana
The desire to own a home is still strong for residents of Central Indiana, but there are several factors standing in the way, a housing survey says.
Dwight Adams, Wochit
The median sales price of a home in central Indiana reached an all-time high of $320,000 this June, according to the Metropolitan Indianapolis Board of Realtors. Last month it fell to $305,000, signaling a market shift in favor of buyers that’s likely to accelerate through September.
But those who bought the five homes on this list probably aren’t worried about median sales price.
From a 21,000-square-foot estate with 16 bathrooms and an outdoor tennis court to a mansion with waterfront views, here are five of the most expensive homes sold in the Indianapolis metro area so far in 2024.
$4.25 million home on Williams Creek
This $4.25 million home, perched on a woodsy two-acre parcel along Williams Creek, is one of the most expensive homes sold in Indianapolis this year, according to Zillow listings.
Built in 1960, the stately home on High Drive in north Indianapolis sold June 28, according to Zillow. The house features 5,920 square feet, five bedrooms and six bathrooms. The backyard has a pool and a firepit surrounded by views of a verdant ravine.
See photos by The Addison Group below. The home was listed by Matt McLaughlin of F.C. Tucker Company.
$3.6 million West Carmel home
This home in West Carmel, one of many gems in the Estates of Clay West gated community, sold for $3.6 million on May 21, according to Zillow.
Built in 2004, the mansion spans 12,740 square feet and has eight bedrooms and 7.5 bathrooms. Its architecture pays homage to the classic Italian villa while the interior exudes Old World Italian charm.
See photos by Rick Ramsey below. The home was listed by Jennil Salazar of Compass Indiana, LLC.
$3.2 million Meridian Hills estate
This sprawling Meridian Hills estate features more square footage than any other home on this list. At 21,634 square feet, the home in north Indianapolis boasts eight bedrooms and 16 bathrooms, according to its Zillow listing.
Built in 1940, the Tudor style home is the second-oldest property on this list. It sold for more than $3.2 million on April 15.
Set on nearly three acres, the property was designed to entertain on a grand scale. There are formal gardens, a swimming pool and a tennis court. There’s a private guest apartment and enough garage space for nine cars.
See photos by The Addison Group below. The home was listed by Bif Ward of F.C. Tucker Company.
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$2.35 million home on Geist Reservoir
With sweeping waterfront views, this north Indianapolis home sold for $2.35 million on June 24.
At just under 12,000 square feet, the six-bedroom home has enough room for an indoor squash court, a gym and a small theater. A dock offers easy access to the main body of Geist Reservoir. The 1998 home sits at the end of a cul-de-sac surrounded by mature trees.
See photos of the home taken by Chris Schulhof, who served as the listing agent for RE/MAX Realty Services.
$2.05 million Indianapolis home near Butler
This century-old home on Washington Boulevard near Butler University shares history with well-known local properties such as the Hilbert Circle Theatre, the Columbia Club and the Madam C.J. Walker Legacy Center. All were designed by the Indianapolis architectural firm Rubush & Hunter.
Built in 1924, this Tudor Revival estate is the oldest property on this list. It’s had seven owners, the most recent of whom sold it for $2,050,000 on June 20 after doing extensive renovations. The six-bedroom home boasts more than 9,100 square feet.
See photos by The Addison Group below. The home was listed by Matt McLaughlin of F.C. Tucker Company.
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Email IndyStar reporter Jordan Smith at JTsmith@gannett.com. Follow him on X: @jordantsmith09