The Northwest Indiana real estate market cooled slightly going into November 2025 — but the data tells a more nuanced story. Inventory tightened, prices climbed, and buyers continued paying near-list in most cases. Below is a full breakdown comparing November 2024 and November 2025 based on MLS closed residential sales.

Total Closed Sales: Fewer Homes Sold in 2025

One of the biggest shifts year-over-year is the decline in closed sales:

• 895 closings in Nov 2024

  Nov 2024 all Home Sales

• 743 closings in Nov 2025

  Nov 2025 all Home Sales

That's a 17% decrease in total transaction volume year-over-year.

What this means:
Fewer homes sold in 2025 despite continued buyer activity. This suggests tightening inventory and longer decision cycles — not an absence of demand.

Pricing: Homes Sold for More in 2025

While fewer homes closed, prices rose across the board.

Average Sale Price

• 2024: $305,248 average sold price

  Nov 2024 all Home Sales

• 2025: $333,303 average sold price

  Nov 2025 all Home Sales

➡️ Up 9.2% year-over-year

Median Sale Price

• 2024: $280,340 median sold price

  Nov 2024 all Home Sales

• 2025: $293,000 median sold price

  Nov 2025 all Home Sales

➡️ Up 4.5% year-over-year

Even with fewer transactions, home values strengthened, signaling a resilient seller’s market powered by limited supply.

List-to-Sale Price Ratios: Still Strong

Homes continued selling close to their asking prices both years.

Average Sold / List Price Ratio

• 2024: 97.45%

  Nov 2024 all Home Sales

• 2025: 97.57%

  Nov 2025 all Home Sales

Essentially identical — buyers are still paying very near list price.

Average Sold / Original List Price Ratio

• 2024: 94.9%

• 2025: 95.04%

Minor improvements in 2025 indicate sellers were pricing more accurately or strategically adjusting sooner.

Days on Market: Slight Increase, but Still Strong

Average DOM

• 2024: 41 days on market (47 CDOM)

  Nov 2024 all Home Sales

• 2025: 42 days on market (51 CDOM)

  Nov 2025 all Home Sales

This is only a 1–4 day difference, suggesting the market remained fast-moving.

% of Homes Selling in 30 Days

• 2024: 58.32% sold in the first 30 days

  Nov 2024 all Home Sales

• 2025: 56.12% sold in 30 days

  Nov 2025 all Home Sales

A slight slowdown, but still more than half of homes sell in under a month—an excellent seller indicator.

Home Size & Price Trends: 2025 Buyers Bought Bigger

Average home sizes increased:

• 1,984 sq ft in 2024

• 2,043 sq ft in 2025

That’s a +59 sq ft increase, showing buyers in 2025 purchased larger, more expensive homes on average.
This helped push price averages upward even as sales volume dropped.

Price Reductions: Nearly Identical Percentage Cuts

The MLS reports show similar average price reductions both years:

• 2024 average price adjustment: –$17,864 (–5.86%)

• 2025 average price adjustment: –$21,211 (–5.86%)

The percentage is exactly the same — meaning seller expectations adjusted similarly both years.

Key Takeaways for Northwest Indiana Real Estate

1. Demand Remains Strong

Despite higher interest rates nationally, buyers remained active and willing to pay near list price.

2. Rising Prices with Fewer Sales

Prices increased while total closings dropped.
This combination shows inventory constraints, not lack of demand.

3. Sellers Still Hold the Advantage

Quick market times and strong sold-to-list ratios confirm that well-priced homes sell quickly and competitively.

4. Buyers Are Prioritizing Larger Homes

The average square footage increased, indicating shifting lifestyle preferences or higher-budget buyers entering the market.

What This Means If You’re Buying or Selling in 2026

For Sellers

• Prices are rising — your equity is likely up again.

• Homes still sell fast when priced correctly.

• Low inventory = less competition.

For Buyers

• Acting early in the year may help you beat price increases.

• Homes are selling quickly — being pre-approved is essential.

• Even in a competitive market, opportunities remain with proper strategy.