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Housing

Homebuyers Gain Upper Hand in Indianapolis and US Housing Markets

Strategic Insights

— 2 min read

As the US housing market sees a historic shift with nearly 500,000 more sellers than buyers, buyers are finally gaining an edge - provided they can handle the higher mortgage rates. According to Redfin estimates based on April data, the gap between sellers and buyers has widened to 33.7%, the largest difference since Redfin began tracking in 2013. In Indianapolis, the metro area saw a significant difference with 1,500 more sellers than buyers, a 21% gap, signaling a homebuyer's market.

Key Takeaways:

  • The US housing market has seen a historic shift with nearly 500,000 more sellers than buyers, a 33.7% difference, the largest gap since Redfin began tracking in 2013.
  • In Indianapolis, the metro area saw a 21% difference with 1,500 more sellers than buyers, a homebuyer's market.
  • The median home price sold in the US in the first three months of this year was $417,000, a 33% increase from the same period in 2019.
  • The median home sale price in Indianapolis was $255,000 as of April, a 4.9% increase when compared to the previous year.
  • The household income required to afford a median home in the Indianapolis-Carmel-Anderson metro has increased nearly 4% since last year.
  • Historically, when sellers outnumber buyers, prices drop, and Redfin believes prices will dip 1% by the end of the year.
  • The balance of power in the US housing market has shifted toward buyers, but many sellers have yet to accept the shift.

Statistics:

  • 33.7% more sellers than buyers nationally.
  • 1,500 more sellers than buyers in the Indianapolis metro area, a 21% difference.
  • $417,000 in median home price sold in the US in the first three months of 2025.
  • 4.9% increase in median home sale price in Indianapolis compared to the previous year.
  • 4% increase in household income required to afford a median home in the Indianapolis-Carmel-Anderson metro.
  • 33% increase in median home price sold in the US from 2019 to 2025.

Sources:

  • Redfin, based on April figures.
  • Axios, "Mortgage rates are making it harder for buyers in almost every state" (https://www.axios.com/2025/05/19/mortgage-rate-state).
  • Redfin, "Sellers vs. Buyers Price Impact" (https://www.redfin.com/news/sellers-vs-buyers-price-impact/).
  • Axios, "Homes buyers are struggling to find a place to live, and prices are soaring" (https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin).
  • National Association of Realtors, "Housing Affordability and Supply" (https://www.nar.realtor/research-and-statistics/research-reports/housing-affordability-and-supply).
  • Federal Reserve Economic Data, "Median Sales Price of Existing Homes Sold for the United States" (https://fred.stlouisfed.org/series/MSPUS).

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