As we head deeper into the spring market, Hancock County real estate trends for May 2025 show a steady, active housing market with increased buyer interest and ongoing new development. Whether you’re looking to buy, sell, or invest, understanding this month’s market insights can help you make confident real estate decisions.
1. Home Prices Continue to Climb
The median home price in Hancock County has risen modestly compared to May 2024, reflecting the area’s continued growth and desirability.
-
Median home price: Up approximately 4–6% year-over-year
-
Hot areas: Greenfield, McCordsville, and New Palestine
-
What this means: Sellers are in a strong position, especially for move-in-ready homes
2. Inventory is Improving—but Still Tight
The number of homes for sale is slightly higher than earlier in the year, but inventory remains below pre-pandemic levels.
-
Current trend: Modest increase in new listings
-
Buyers should: Be prepared to act quickly and make competitive offers
-
Sellers should: Take advantage of low competition and high buyer demand
3. New Construction is Booming
Hancock County continues to see new developments, especially in growing communities like McCordsville and Fortville.
-
Why it matters: More options for buyers seeking modern layouts and energy-efficient features
-
Notable builders: Lennar, D.R. Horton, Fischer Homes
-
Buyer tip: Watch for incentives on new builds, such as rate buydowns or upgrade credits
4. Mortgage Rates: Stabilizing but Still High
While rates are more stable than in 2023, they remain elevated compared to the historically low rates of 2020–2021.
-
Average rate in May 2025: Hovering around 6.75–7.25% for a 30-year fixed
-
Impact: Many buyers are prioritizing affordability and opting for smaller homes or suburban locations
-
Local lenders: Offering creative financing options and down payment assistance
5. Who’s Buying? Who’s Selling?
-
Buyers: First-time homebuyers, remote workers relocating from Indianapolis, and downsizers
-
Sellers: Longtime residents looking to capitalize on equity gains
-
Investor activity: Moderate, with focus on rental properties in Greenfield and Cumberland
Outlook for Summer 2025
Experts predict that the market will stay competitive through summer, with more listings hitting the market in June and July. Prices are expected to remain strong due to continued demand and limited housing stock.
Thinking About Making a Move in Hancock County?
Whether you’re buying your first home or selling your current one, staying on top of Hancock County real estate trends is essential. The May 2025 market is full of opportunity—especially if you have the right strategy.
🏡 Ready to talk real estate? Let’s connect and make your next move in Hancock County a smart one.
