Market Intelligence · IN / Carmel

Carmel, IN 46032 Housing Market

The typical home value in Carmel's 46032 ZIP code is $586,345, up 5.4% over the past year. As of 2026-08-01, the median list price sits at $625,000, and homes are spending a median of 55 days on the market before selling.

Updated August 2026Median value$586K

The median home value in Carmel, IN 46032 is $586K as of August 2026, up 5.4% 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

$539K to $633K

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

+5.4% over 12 months

Typical home value in 46032 over the last 12 months: $556K in Aug 2025 to $586K in Aug 2026 (+5.4%).

Aug 2025$556K

Aug 2026$586K

The numbers

What is the 46032 housing market like?

Typical home value

$586K

Up5.4%YoY

Median list price

$625K

Up2.0%MoM

Days on market

55

Up5.8%MoM

Homes for sale

106

Down9.4%MoM

Price cuts

19.3%

Down1.5%MoM

New listings

64

Down3.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 46032 home prices compare?

  • 46032$586,345
  • Carmel$587,778
  • Indiana$237,708
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Carmel: 2 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

The 46032 market in Carmel is holding its value well, with the typical home value at $586,345 and a gain of 5.4% over the past year. Buyers have a decent amount to choose from, with 106 homes for sale and 64 new listings hitting the market as of 2026-08-01. At the same time, homes are taking a median of 55 days to sell, and 19.3% of listings have taken a price cut. That mix points to steady demand but not a frenzy. For a seller, pricing realistically from day one matters more than testing the top of the market.

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