September 2026 Market Report: Hamilton County and the Northeast Side

Prices held or went up in all five cities in September, compared with a year ago. Homes are still selling fast. And there still aren’t many to choose from.

That surprised some people. The Fed raised rates in September, and a lot of folks expected the market to cool off. So far, it hasn’t. Here’s what the numbers show.

September at a glance

Months of supply tells you how long it would take to sell every home on the market if no new listings came on. Around five to six months is a balanced market. Every city here is under two and a half.

What stood out

Carmel homes sold in under a week. The typical Carmel home that sold in September went under contract in six days. That’s not new construction skewing the number. Almost all of Carmel’s sales are resale homes, and they’re moving just as fast as they did last fall. If you’re shopping in Carmel, you need to be ready to write an offer the weekend a home hits the market.

Fishers had fewer sales but higher prices. 116 homes sold in Fishers in September, down from 154 a year ago. The median price still rose almost 6%. That usually means sellers are staying put, not that buyers have gone away. The homes that do come up are getting strong offers.

Noblesville and Westfield held steady. Prices barely moved from last year. Both cities have a lot of new construction, and builders are competing with resale sellers on price and incentives. If you’re buying there, it’s worth comparing a new build’s incentives against a resale home’s price before you decide.

Zionsville posted the biggest gain. The median rose about 7%. It’s also the smallest market of the five, with 46 sales, so one or two high-end closings can move that number more than they would in Fishers or Carmel.

McCordsville, Fortville and Pendleton

These towns are smaller, so a single month can swing a lot on a handful of sales. For Fortville and Pendleton I’m using July through September combined, which gives a steadier picture.

McCordsville prices are flat from last September ($410,000 then, $408,000 now), and homes are taking about a week longer to sell. Half of McCordsville’s summer sales were new construction, so resale sellers there are competing directly with builders.

Fortville is the one to watch. Sales more than doubled from last summer, from 38 to 83, almost entirely because of new construction. Builders closed 43 homes there this summer, compared with 8 a year ago. Resale homes did well too. Their median rose from $296,500 to $317,500, about 7%. Fortville also has the most supply of any town in this report at just over three months. That’s still a seller’s market, but buyers have a little more room to negotiate there than in Carmel or Fishers.

Pendleton is the one place where resale prices slipped. The median resale home sold for $318,000 this summer, down from $350,000 a year ago, and took about a week longer to sell. New construction is part of the reason. Builders closed 29 homes in Pendleton this summer, up from 10, and many of them were priced close to resale homes. If you’re selling a resale home in Pendleton, the new builds down the road are your competition. Price with that in mind.

What it means for you

If you’re thinking about selling, low supply is still on your side. Buyers in these cities don’t have many options, and well-priced homes are going quickly. Pricing matters more than ever, though. The homes that sit are almost always the ones that started too high.

If you’re buying, expect competition on the best homes, especially in Carmel. Get your financing lined up before you start touring. Ask your lender to walk you through how a rate change would affect your payment, so you know your real ceiling.

Rates: what to watch this week

The Federal Reserve meets October 27 and 28 and announces its decision Wednesday afternoon. The Fed doesn’t set mortgage rates directly, but its decisions and what it says about the months ahead move the bond market, and mortgage rates follow. I’ll post a quick update after the announcement on what it means for buyers here.

Want to know what your home is worth?

Numbers for a whole city only tell you so much. Your street, your layout and your updates matter more. If you’d like a real number for your home, based on what’s actually selling nearby, I’ll put one together for you. No cost, no pressure.

Sandy Siddons, REALTOR®/Broker, F.C. Tucker Company

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Residential sales closed September 1–30, 2025 and September 1–30, 2026, by city; Fortville and Pendleton use sales closed July 1–September 30 of 2025 and 2026, with resale and new construction reported separately where noted. Months of supply = active listings as of October 22, 2026 divided by average monthly closed sales, October 2025 through September 2026.