Northwest Indiana Residential Home Sales: 2024 vs 2025 Market Breakdown

By Brent W. Wright | TWG Realty powered by McColly

The Northwest Indiana housing market continued to show strength and resilience as we moved from 2024 into 2025. While higher interest rates and affordability concerns remained part of the conversation, the data tells a clear story: buyer demand held steady, prices continued to rise, and well-priced homes still sold quickly.

Using closed residential sales data from the Northwest Indiana Regional MLS, let’s break down how the market performed in 2024 compared to 2025 — and what it means if you’re thinking about buying or selling in Northwest Indiana.

Total Home Sales: Market Activity Increased

One of the most telling indicators of market health is total closed sales. In 2024, Northwest Indiana recorded 10,144 closed residential sales. In 2025, that number increased to 10,688 closed sales, an increase of more than 500 additional homes sold year over year .

This increase is significant because it occurred during a period when many buyers were cautious due to interest rates. Instead of stalling, the market adapted — showing that Northwest Indiana continues to benefit from strong local demand, relocation buyers, and long-term confidence in the region.

Home Prices: Values Continued to Rise

Despite national headlines predicting price declines, Northwest Indiana home values moved upward in 2025.

• Median sold price

  • 2024: $269,000

  • 2025: $278,000

That’s a $9,000 increase in the median home price, reinforcing that sellers who listed correctly were rewarded with solid appreciation .

Price growth was also reflected in cost per square foot:

• Average sold price per square foot

  • 2024: $153

  • 2025: $162

This nearly 6% increase shows that appreciation wasn’t limited to luxury properties — values rose across the broader residential market.

Sold-to-List Price Ratios: Strong Seller Position

Another key metric is how close homes sold to their asking price. In both years, Northwest Indiana homes sold very close to list price:

• Median sold-to-list ratio

  • 2024: 99.22%

  • 2025: 99.24%

This consistency tells us two things:

1. Sellers are pricing homes more accurately.

2. Buyers are still competing for well-positioned listings.

In practical terms, this means that even in a higher-rate environment, sellers are not heavily discounting when homes are priced correctly from the start.

Days on Market: Slightly Slower, Still Competitive

The market did slow modestly — but not dramatically.

• Median days on market

  • 2024: 17 days

  • 2025: 19 days

While homes took a couple days longer to sell on average, the pace remains fast by historical standards. More importantly, over 60% of homes sold within the first 30 days in both years .

This tells us the market is becoming more balanced, not weak. Buyers may have slightly more time to make decisions, but desirable homes are still moving quickly.

Total Sales Volume: More Dollars Moving Through the Market

Rising prices and increased sales combined to push total market volume higher:

• 2024 total sold volume: ~$3.04 billion

• 2025 total sold volume: ~$3.32 billion

That’s nearly $300 million more in residential real estate sold year over year across Northwest Indiana — a strong indicator of overall economic confidence in the region .

What This Means for Sellers

If you’re considering selling in 2025 or early 2026, the data supports a confident — but strategic — approach:

• Home values are higher than last year

• Buyers are still active and motivated

• Proper pricing is critical to achieving top dollar

• Homes that show well and are priced right still sell fast

Overpricing, however, can lead to longer market times and reduced leverage, especially as buyers become more rate-sensitive.

What This Means for Buyers

For buyers, the market offers opportunity — but preparation matters:

• Inventory is still competitive in desirable areas

• Interest rates make negotiation and structure more important

• Buyers may gain small advantages on homes that linger

• Local knowledge can uncover pricing and timing advantages

Working with an agent who understands neighborhood-level trends is more important now than at any point in the last few years.

Final Thoughts on the Northwest Indiana Housing Market

Comparing 2024 to 2025, the Northwest Indiana residential market proved its strength. Sales increased, prices rose, and demand remained consistent — all signs of a market that is stabilizing rather than slowing down.

Whether you’re buying, selling, or simply watching the market, understanding real data — not headlines — is key to making smart real estate decisions.

🏡 Thinking About Selling Your Home in Northwest Indiana?

The 2025 market shows higher prices, strong buyer demand, and homes still selling close to list price — but strategy matters more than ever.

Before you list, you should know:

• What buyers are paying right now in your neighborhood

• How to price your home to attract strong offers (not price cuts)

• What upgrades actually increase your net profit

📊 Get a free, data-driven home value analysis customized to your property and local market.

🔑 Considering Buying a Home in 2025?

Northwest Indiana homes are still moving fast — especially the well-priced ones. While buyers may have slightly more breathing room than last year, competition hasn’t disappeared.

Working with a local expert helps you:

• Identify homes that are priced correctly

• Avoid overpaying in competitive areas

• Structure offers that stand out without overextending

• Navigate interest rates and negotiation strategies

📍 Local insight + smart strategy = better outcomes

📈 Want Monthly Northwest Indiana Market Updates?

This report compares 2024 vs 2025, but the market changes every month.

If you want:

• Ongoing price trend updates

• Neighborhood-level data

• Buyer & seller strategy insights

• Real numbers (not national headlines)

📬 Sign up for my Northwest Indiana market updates and stay ahead of the market.

Let’s Talk Strategy — Not Just Statistics

Every home, buyer, and seller situation is different. The numbers show where the market is headed — but your results depend on the strategy you use.

Whether you’re:

• Planning to sell this year

• Exploring a move within Northwest Indiana

• Buying your first home or your next one

• Or just want a second opinion on the market

I’m here to help you make informed, confident decisions.

If you want a data-driven strategy tailored to your home, your goals, and your timeline, I’d be happy to help.

Brent W. Wright
TWG Realty | Powered by McColly
📍 Northwest Indiana Real Estate
📊 Data-Driven. Local. Proven.

👉 Contact me today to start the conversation.