T
he median home sale price in Indiana for December was $259,900, significantly lower than the national median of $427,430. According to Redfin data, 16.4% of homes sold in Indiana went for more than the list price, a notable decrease from 55% in 2022. Nationally, about 24% of homes sold above their listed prices.

    The Federal Reserve paused its interest rate cuts due to inflation and economic policy uncertainty. In Indiana, the average mortgage rate on a $260,000 home is around 6.5%, depending on credit and down payment, according to Bankrate.com.

    In the Indianapolis market, here are some options for buyers in the median price range:

    A downtown condo in the historic J.W. Wilson Building is listed at $250,000. The unit features high ceilings, exposed brick walls, hardwood floors, and modern convenience. It has two bedrooms, one bath, and 1,000 sq. ft.

    For a more modern style or single-family home, consider this new build near Mass Ave and the Monon Trail for $265,000. The two-story home has 2 bedrooms, 2.5 bathrooms, and over 1,200 sq. ft. It features sleek finishes, smart doorbells, and cameras.

    A remodeled bungalow in Forest Manor is listed at $260,000. This 1950s home boasts new decks, updated rooms, a remodeled kitchen and bathrooms, and numerous other upgrades. With three bedrooms, 1.5 baths, and over 2,700 sq. ft., it's the largest of these featured options.