As we wrap up 2024, we took one more look around Indiana at the current state of the real estate market.
Strategists at Redfin, Fanny Mae and others told USA TODAY they expect the mortgage rate to remain in the mid-6% range throughout 2025, with national home prices predicted to rise anywhere from 1.5% to 4%. Find their full list of predictions here .
Indianapolis, Carmel, and Anderson made the National Association of Realtors list for the hottest housing markets of 2025 , so Indiana could continue to see plenty of interested buyers in a market with a lower supply of homes than in years past.
With that in mind, here’s what a home in the $500,000 to $575,000 price range looks like in December in cities around the state.
Fort Wayne architect’s dream overlooking a ravine
This home in Fort Wayne centers around the unique and impressive architecture of James Sherbondy, inspired by and in the style of Frank Lloyd Wright.
With just over 4,000 sq ft of space inside, the house’s many highlights include an eye-catching spiral staircase and a living area with vaulted ceilings, huge windows and a gas fireplace. On the market for $559,900, it also includes a movie room, cedar-lined sauna, wine cellar and a large 3-season room overlooking the ravine.