Comprehensive market data and analysis• Updated Dec 2025
6.6 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 3 | 5 |
| 1-2 acres | 1 | 2 | 5 | 7 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 5 | 11 | 16 |
Acreage buckets
The median price for land in Carmel, Indiana is currently $511K per acre. For a typical parcel, the median sale price is $515K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $69K while premium lots reached $2.1M.
Carmel, Indiana is currently a balanced market with 6.6 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 57.6% year-over-year.
Carmel, Indiana currently has 6.6 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 11 active listings in Carmel, Indiana. 5 new listings have hit the market in the last 90 days. The median asking price is $590K.
Land in Carmel, Indiana averages $487K per acre. The median price per acre is $511K, which may be more representative of typical transactions. Most parcels sold are around 1.1 acres.
The median land price in Carmel, Indiana stands at $515K. This translates to roughly $511K per acre for the typical parcel size. The average price is $813K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Carmel, Indiana is 15.2% (3-month basis), indicating strong demand. With appreciating values (+57.6% YoY), the market shows growth potential. The top-performing broker in this market is F.C. Tucker Company.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
