Market Intelligence · IN / Carmel

Carmel, IN 46032 Housing Market

The typical home in Carmel's 46032 ZIP code is valued at $591,803, up 4.9% over the past year. The median list price is $649,975, and homes are taking a median of 49 days on market.

Updated June 2026Median value$592K

The median home value in Carmel, IN 46032 is $592K as of June 2026, up 4.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 46032 range

$544K to $639K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.9% over 12 months

Typical home value in 46032 over the last 12 months: $564K in Jun 2025 to $592K in Jun 2026 (+4.9%).

Jun 2025$564K

Jun 2026$592K

The numbers

What is the 46032 housing market like?

Typical home value

$592K

Up4.9%YoY

Median list price

$650K

Days on market

49

Up197.0%MoM

Homes for sale

113

Price cuts

14.0%

New listings

80

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 46032 home prices compare?

  • 46032$591,803
  • Carmel$595,571
  • Indiana$239,792
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Carmel: 2 ZIPs; Indiana: 697 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, 46032 had 113 homes for sale, with 80 new listings entering the market. The typical home value sits at $591,803, up 4.9% over the past year, while the median list price is $649,975. Homes are spending a median of 49 days on market, and 14.0% of listings have had a price cut. For sellers, values are still rising, but buyers have choices and some sellers are adjusting prices, so realistic pricing matters.

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