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Dynamic.RE · SFR Market Intelligence

Noblesville, Indiana Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through
Sep 2026
Dynamic.RE Verdict
Seller's Market
Sellers have more pull than usual. We compare Noblesville with 2017–2019 at this time of year: there are 26% fewer homes for sale; listings spend 25% fewer days on the market; there are 63 pending sales per 100 listings, against 52 then.
Median list price
$387,929
-4.4%
Demand : Supply
0.63
Days on market
43 days
Median time on market

The median asking price in Noblesville is about $388,000 as of Sep 2026, down 4.4% from a year ago. The typical listing is 8% smaller than a year ago, and asking price per square foot is up 13.5%. So the size of homes on the market explains much of the drop. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).

Only if you move fast. Sellers have more pull in Noblesville than usual. Compared with 2017–2019 at this time of year, there are 26% fewer homes for sale, and listings spend 25% fewer days on the market. Good homes go under contract quickly. If you want one, be ready to move in days.

01
The market at a glance
Median $ / sqft
$190
Active inventory
236
New listings / mo
146
Days on market
43 days
Price-cut share
27.8%
Pending sales
148
02
Where we are in the cycle
Median asking price
$387,929
13% below the May 2023 peak of $444K
Homes for sale
236
9.1× the Feb 2022 low of 26
Days on market
43 days
2.0× the 22-day Jun 2022 low
03
The renter economy
27%
Renter share · of occupied homes
5.5%
Vacant homes · all units
$104.5K
Median household income
3.7×
Price-to-income · list ÷ income
04
What this means for investors

What stands out in Noblesville?

  • Asking price per square foot is up 13.5% on the year: among the fastest-rising asking prices per square foot of 765 tracked cities. Sellers will price off recent gains. Comp carefully.
  • Population is up 15.4% over five years: among the fastest population growth of 765 tracked cities. Growth brings tenants and buyers.
  • 63 homes are under contract for every 100 still for sale: among the most homes under contract per listing of 584 tracked cities. Demand is strong. Expect competition on good homes.

Why is Noblesville still competitive?

Noblesville has 26% fewer homes for sale than in 2017–2019 at this time of year, and listings spend a median 43 days on the market, less than in 81% of the 765 cities we track. For every 100 homes still for sale, 63 are under contract. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.

Are Noblesville price gains broad or limited to a few ZIP codes?

Asking price per square foot in Noblesville is up 13.5% over the last year. Over five years the pace has been 6.1% a year. Underwrite closer to that than to the last twelve months.

Is housing keeping up with Noblesville's growth?

The population in Noblesville's ZIP codes grew 15.4% over five years, faster than 93% of the cities we track. Households (+19.0%) grew faster than housing (+17.8%). Demand is outrunning supply. Homes for sale are 26% below 2017–2019 at this time of year.

How much can you negotiate in Noblesville?

For every 100 homes still for sale, 63 are under contract. In 2017–2019 at this time of year it was 52. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Noblesville listings spend a median 43 days on the market. That is 21% longer than a year ago. There are 236 homes for sale in Noblesville. That is 9.1 times the tightest month on record, but below the peak of 342. Supply is growing against last year.

What to do about it

  • Get your financing approved before you look.
  • Decide your maximum price before you bid.
  • Bid the day a good home lists, or hunt the few that have sat 60+ days.
  • Walk away when the price passes your number. Another buyer will overpay. Let them.

Is now a good time to buy in Noblesville?

The median asking price is 12.6% below its May 2023 peak. Per square foot, asking prices are at their high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Noblesville prices have risen in 98 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.

How does Noblesville compare with other Indiana markets?

Ranked among the 16 Indiana markets we track:

  • Asking price: 2nd priciest of 16. Noblesville is at $387,929. Closest: Fishers and Carmel.
  • Buyer competition: the most competitive of 7. Noblesville is at 0.63 buyers per home. Closest: Carmel.
  • Time on market: 4th shortest time on market of 16. Noblesville is at a median of 43 days on market. Closest: Elkhart and Columbus.
  • Price cuts: 4th most price cuts of 16. Noblesville is at 28% of sellers cutting. Closest: Anderson and Lafayette.

When do Noblesville prices dip?

Across 9 full years, Noblesville asking prices ran lowest in December, about 3.1% below the year's average. They peaked in May. The most homes for sale show up in October, about 19% above the yearly average. Shop in October for choice, and expect the softest asking prices in December.

What numbers should you underwrite a Noblesville deal with?

  • Price growth to assume — +6.1%/yr. Noblesville has grown about 6.1% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 13.5% over the last year. Use it for timing. The five-year rate is the better guide.
  • Odds you cut your price to sell — 1 in 4. 28% of Noblesville listings have cut their asking price. Underwrite your exit below asking.
  • Comp on price per square foot — $190/sqft. The typical Noblesville listing shrank from 3,124 to 2,215 sqft since Jul 2016. So median price hides real growth: 98% per sqft versus 21% on the median. Comp on median price and you will overpay for small homes.
  • Competition when you exit — +12%. Homes for sale in Noblesville are up 12% on last year, so your resale faces more competition than today's comps did.

Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.

05
Frequently asked questions

What is the median home price in Noblesville?

The median asking price in Noblesville is about $388,000 as of Sep 2026, down 4.4% from a year ago. The typical listing is 8% smaller than a year ago, and asking price per square foot is up 13.5%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Noblesville figures cover the 3 ZIP codes with a Noblesville mailing address, which can reach past city limits.

Is Noblesville a buyer's or seller's market in 2026?

Sellers have more pull in Noblesville than usual. We compare Noblesville with 2017–2019 at this time of year: there are 26% fewer homes for sale; listings spend 25% fewer days on the market; there are 63 pending sales per 100 listings, against 52 then.

Are Noblesville home prices going up or down?

The median asking price is 12.6% below its May 2023 peak. Per square foot, asking prices are at their high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

Is Noblesville a renters' market or an owners' market?

In Noblesville, 27 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 24 in 100. Just 5.5% of homes sit empty. A well-priced rental fills fast here.

What price growth should I assume for Noblesville?

Assume +6.1% a year. Noblesville has grown about 6.1% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 13.5% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Noblesville?

HUD's fiscal year 2026 fair market rent for Hamilton County is $1,473 a month for 2 bedrooms and $1,907 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.

06
ZIP-level detail

Which ZIP codes are in Noblesville?

Noblesville has three ZIP codes. Each links to its live market dashboard.

  • 46060111 for sale · 28% cutting · 45 daysOnly 66 homes under contract for every 100 still for sale.
  • 460612 for saleToo few listings to read the market. The dashboard has the history.
  • 46062123 for sale · 28% cutting · 41 daysOnly 61 homes under contract for every 100 still for sale.
07
Where else to look

Markets similar to Noblesville

Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.

  • Fort Wayne, IN — $279,483 median, 44 days on market, 25% of sellers cutting
  • Elkhart, IN — $288,550 median, 42 days on market, 27% of sellers cutting
  • Columbus, IN — $301,808 median, 43 days on market, 26% of sellers cutting
  • South Bend, IN — $239,084 median, 44 days on market, 26% of sellers cutting
See what a Noblesville property is actually worth
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