Is North Salem, IN 46165 a buyer’s or seller’s market?
North Salem is a seller’s market. With about 3.2 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The North Salem housing market right now
In the three months ending August 31, 2026, 50% of homes in North Salem, IN 46165 sold above their list price, the typical home went under contract in 21 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (15 days then) and the median sale price fell 8% to $350,848. Overall, North Salem is more competitive than a year ago, so tougher for buyers.
Within Hendricks County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lizton 46149 (0% sold over asking) or Indianapolis 46231 (11% sold over asking).
Run the numbers for 46165
Nearby markets
Amo 46103 — /sq ftAvon 46123Seller’s market $158 /sq ftBrownsburg 46112Seller’s market $169 /sq ftClayton 46118Seller’s market $166 /sq ft Browse all markets →Towns like North Salem nearby
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Questions about North Salem real estate
Is North Salem a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in North Salem, IN 46165 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in North Salem?
The typical home went under contract in 21 days in the latest three months.
Do homes in North Salem sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in North Salem?
About 0.81% of a home’s value a year in Hendricks County, or roughly $3,240 on a $400,000 home.
What is the median home price in North Salem?
The median sale price was $350,848 in the three months ending August 31, 2026, about $226 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology