If you’re thinking about buying or selling a home in Westfield or Carmel, Indiana, here’s the latest market snapshot for March 2025. Whether you’re a potential buyer, seller, or investor, knowing the trends in these desirable suburban areas is crucial to making the best decision.

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Westfield Real Estate Market:

• Median Home Price: $450,250
  Westfield’s home prices have remained relatively steady, with only a slight increase of 0.2% year-over-year. It’s a great time to sell, especially in this seller’s market.
• Market Conditions: Westfield continues to be a seller’s market, with demand high and competition for homes still strong. Homes are selling faster compared to previous years, and buyers are still eager to find their perfect property in this sought-after location.
• Inventory Levels: There was a notable 12.2% increase in active listings from February to March 2025, giving potential buyers more options in this competitive market.
• Days on Market: Homes in Westfield typically remain on the market for 49 days, an increase from the 38 days reported the previous year. Sellers may need to be patient but can expect solid interest if priced right.

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Carmel Real Estate Market:

• Median Home Price: $515,000
  Carmel’s home prices have seen a slight dip of 4.2% year-over-year. Despite this, Carmel remains one of the top choices for buyers looking for upscale living, with its highly-rated schools and amenities.
• Market Conditions: Carmel is still a strong seller’s market, with demand for homes remaining steady. Properties continue to sell quickly, making it essential for buyers to act fast.
• Days on Market: Homes in Carmel are now selling in just 25 days on average, down from 41 days the previous year. This reflects a more competitive landscape as homes are selling much faster.
• Inventory Levels: There were 285 active listings and 33 new homes for sale in Carmel as of March 2025. While inventory is limited, it’s a great time to sell if you’ve been thinking about putting your home on the market.

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What Does This Mean for You?

Whether you’re looking to buy or sell in Westfield or Carmel, the market remains competitive, but with slightly different dynamics in each area. Westfield offers slightly lower prices but still sees a lot of demand. Carmel, on the other hand, holds its value well, with homes selling faster despite the slight price dip.

If you’re looking to get started, having the right agent by your side can make all the difference in navigating these trends.

For personalized advice or to learn more about available homes in the area, feel free to reach out!