📍 Fishers, Indiana – Rental & Sales Market Report (June 2025)

🏠 Rental Market Insights

• Average Rent: $2,350 (📉 Down month-over-month)
• Vacancy Rate (Implied by Active Homes): 83 active listings (+6.5% MoM)
• Average Days on Market: 26 days ⏱️ (Excellent turnover rate)
• Average Price per Sq Ft: $1.14 (📈 Up 4% MoM)

🏢 Apartment & Townhome Rentals

• Apartments: 37 units available, $1,863 average rent, $1.56/sq ft
• Townhomes: 19 units, $2,395 average rent, $1.17/sq ft, only 20 days on market

Fishers continues to offer exceptional rental stability with fast-moving properties and consistent seasonal trends. While rental prices dipped slightly, it's important to note that this reflects normal seasonal pacing and a slight July sneak peek due to early data pulls. The area remains highly desirable and predictable—ideal for real estate investors.

Don't forget, due to rental caps being considered in Fishers, opportunities may become limited. If you're considering purchasing, now is a strong time to act.

📊 Sales Market Performance

• Average Sales Price: $368,000 (📉 Down 1% YoY – Stable performance)
• Average Days on Market: 18 days ⚡ (Homes are flying off the market!)
• Price per Sq Ft: $184 (Slight MoM decrease)
• Total Homes Sold: 90 (📉 Down 25% YoY)

Despite a decrease in the number of homes sold, Fishers remains a strong seller’s market with extremely low days on market and a balanced sales price. This indicates increased inventory rather than reduced demand. Investors looking to enter Fishers can still find affordable opportunities:

• 🏡 39 homes sold between $200K–$250K
• 💰 132 homes between $250K–$300K
• 📈 275 homes between $300K–$350K

Expect competition in the $200K–$300K range, where homes are likely to sell quickly—possibly above asking. This trend reflects the strong desirability and sustained growth potential of Fishers.

🔍 Investor Outlook

Fishers continues to offer predictability, fast leasing cycles, and strong property values—all hallmarks of a high-performing rental market. Given the stability and ongoing growth, Red Door recommends investors move quickly before policy changes restrict opportunities.

🎯 Thinking of investing in Fishers? Partner with our expert Fishers property management team to maximize returns and stay ahead of local developments.

🏡 Browse available homes for rent in Fishers and the greater Indy metro area to spot your next opportunity.

• Transcript Here

  00:00 Fishers June 2025 Market Report : Rental Data
  [Music]
  All right, let's get into the Fischer June 2025 market report. Uh we're going to jump right in and uh well, everyone knows where my eyes always will go to first and that's the average days on market at 26 in Fisers. Um, if you haven't already, you need to go back to last month's podcast where we discussed what's going on in Fisers regarding any caps. Uh, so I'll leave it there. If you want more information on what's happening there as well as, uh, in Carmel, uh, be sure to check back into last month's podcast where we dive into what's going on there.

  So, uh, if you currently have a home in Fischers, you're you're looking pretty good. All right, number of active homes, 83 active homes, which is up six almost six and a half% month-over-month. Average rental price at 2350, which is actually ticking down. Uh, which is pretty shocking, which when I look at that ticking down, I immediately go down to the bottom lefthand corner where we're looking at the graph. Uh, and yeah, we're getting a sneak peek into July, which isn't really a sneak peek. We're only July 3rd. These numbers were pulled over the last couple days really. Uh, that's that's a cheat.

  So, don't let that uh downward trend uh sway you in any way. Although, it did tick down in June, obviously. Uh so let's we'll see if that continues. I mean we are in peak season. So uh we'll see if that continues um to happen month over month. Average days on market. Let's go. 26. Now uh if you missed the Indianapolis market report, you might jump over to that as well. Uh where I was kind of alluding to what Red Door is experiencing. Uh cuz the days on market for the Indianapolis, although not bad by indication on the market report, uh we're still higher than than uh than what we see. So, uh, I kind of dove into some some explanation on that, but 26 days on the market is absolutely stellar.

  Uh, average price per square foot is a$14, which is up 4% month over month. Uh, and then we're going to get into our apartments and condos. And then our town homes, uh, just below that. So, the apartments is going to be 37 uh, at an average rental price at $1863. Average price per square foot at $1.56. And then your town homes, 19 town homes uh available in the Fisers area at a higher price point than even your single family homes, which is interesting. Uh probably maybe some maybe some new construction um and prices driven up due to the HOA um additional expense.

  But anyway, 23.95 uh and you've got an average days on market at 20. So man, those are really flying off the market. Average price per square footage $1.17. I'm going to go right back into that graph there at the bottom left hand single family homes where I mean honestly it's it's not far off from uh from last year although June and July did stick it out a little bit longer before you saw that downward trend uh getting into the school season which again that's uh what I'm looking at from last year's trend line there is is pure seasonality right it's peak in the summer uh as school's kicking off you see everything kind of slow down and then you get into the winter where things obviously slow down prices come down uh in order to meet demand um and then you're placing tenants.

  So, I mean that line, both of these lines are stable, trustworthy, reliable. Uh and what I know about Fisers to come, Fisers is back in the sweet spot, baby. Welcome back. It's been a while. Mike, anything you want to say on any of that?

  Honestly, that was the number one thing in fisers that I draws my attention is just the stability from all of last year looking like half of this year just a super quote unquote normal trend line for pricing. It peaks in the peaks in the summer kind of dips down in the winter and that's uh it's just predictable and I mean if you're an investor predictable yeah predictable I mean what you want is predictable. So uh fisers I think is a great market. I mean you've got uh we talked about the rental cap. You've got what, five months left to potentially pick up any uh any any rentals in Fisers.

  Check back at the podcast if you want any more information on that. Yeah. Yeah. So, uh that's I I think Fisers is a great market and uh looking to be very predictable. Yeah.
  
  

  04:11 Fishers June 2025 Sales Data
  Yeah. Okay. All right. Let's get into the sales data. Let's see uh if we're seeing a buyer market here in Fisers. I don't know. All right. Average days on market. Uh man, 18 average days on the market. My gosh, they are selling like hot cakes.

  Oh yeah, big buyers market there. Yeah, get get in while you can. All right, look, 18 days on the market. That's that's awesome. Um probably driven by us in our uh disclosure of what's happening there. Uh average price per square foot is at 184, which is down month over month. Average sales price uh also I mean really pretty stable uh as far as month over month. Really even year-over-year it's down just 1%.

  Uh so so we'll we'll see what happens here over the coming months, but I expect that sales price to continue to tick up here in the Fisers area. Um contradictory to my my opinion of other other markets. So uh homes sold, uh 90 homes sold here in the month of June, uh which I mean here's down year-over-year. I mean down almost God 25%.

  Uh but month over month again uh purely driven by our disclosure of what's happening in the Fisers market, no doubt. So, a lot of investors diving into the fiser market for good reason. Um, average sales price over time, I mean, we're we're flatlining here. I mean, April, May, June, it is uh it is pretty flat. So, um, yeah, not much not much to speak on there.

  Now, when you're in a market like Fisers or really even Caramel, uh the number of homes sold graph here in the bottom right hand is really a sweet figure to to keep an eye on because your average sales price being right around 368,000. Now, that's that's within of course the investor point of view. If you'll see there in the top right hand corner where we indicate this, all this information is developed on the investor point of view.

  So, homes that have sold under the $500,000 price point because if you're a real estate investor, the likeliness you're purchasing a property over $500,000 is well, it's unlikely. Uh, so that's that's our point of view and that's what we are looking at. The number of homes sold. So, number of homes sold in the 300 and 350, you've got 275 homes and in the bracket of of 250 to 300, you've gotund uh does it say 52, I think. No, 132 uh indicated in that little bar graph.

  Uh there. So, there's affordable homes and as you can see, 39 of those homes even sold between 200 and 250. Uh that's that's the price point I'd be looking at. Those are probably going to be pretty competitive. Uh so, the chances that you're going to be paying over asking price in this market is probably pretty high in that uh in that price point. But that's going to that's going to wrap up my sales data. Mike, anything to add on this one?

  Yeah, I mean, days on the market is incredible at 18 days on the market. That is so crazy. Um it is interesting. It is interesting to see that that does not translate into uh trending price increases. It's right very stagnant and I mean look at it's it's down over June of last year. So interesting to see how that goes.

  I actually just pulled some numbers just to see if uh the investor point of view changed those numbers you know under 500 uh versus all of the market and it doesn't at all. Uh if I look at all of Fisers for last month average days on the market is still 20. So, I mean, two days more if you, you know, layer those back in. So, it's a strong market, but um I think it's probably just increased inventory.

  What I like, what I would like to see, I'd like to see, we probably need to add this graph is inventory. Uh because I mean, that's kind of the that's kind of the the trend and the the headlines that you're reading. And I think we should add that uh in here because I I have a sneaky suspicion that that's what's happening is the homes there's more homes hitting the market. They are selling fast, but there's just there's just more hitting the market.

  Yes, that's exactly what I was going to suggest. Um gosh, I always hate it when I let you talk. You steal all the good ideas. Uh so, yes, I think Yeah, I think we should totally add what's what's uh current homes on the market. Yes, let's see if that number continues to go up. Uh because that's what would explain these numbers right here. Your average days on market is is extremely low, but it's not affecting a higher average sales price, and that's because inventory is continuing to rise right along with it.

  So, um yeah, I think that's that's pretty clear-cut. Okay. All right. [Music]