Whitestown July 2025 Rental & Sales Market Report
Whitestown may be a smaller market with limited inventory, but it continues to punch above its weight in rental and sales performance. With higher price points, low turnover, and strong tenant quality, this northwest corridor suburb is aligning itself with higher-end markets like Fishers, Westfield, and Noblesville.
Rental Market — Whitestown (July 2025)
- Active rental homes: 17 (-22% MoM)
- Average rent: $2,380 (-3% MoM, flat YoY)
- Average days on market: 40 (+33% MoM)
- Price per sq. ft.: $1.07
- Apartments & condos: 8 available
- Townhomes: 6 available
Insight: While rental pricing has softened slightly, Whitestown remains attractive for higher-income tenants. Its rental market is more expensive than Greenwood or Avon, but offers lower turnover and stable returns.
Sales Market — Whitestown (July 2025)
- Average sales price: $369,890 (flat MoM & YoY)
- Average days on market: 28 (-22% MoM, -30% YoY)
- Average price per sq. ft.: $174 (+5% YoY)
- Homes sold: 36 (-23% YoY)
Insight: Homes in Whitestown continue to move quickly, reflecting strong buyer demand even at higher price points. The market is priced in line with Fishers and Westfield, making it a premium entry option compared to other suburbs.
Investor Entry Points
Whitestown requires deeper pockets compared to other Indianapolis-area markets:
- Under $250K: Very limited — only 6 homes sold, likely condos or fixer-uppers
- $250K–$300K: The most realistic entry range for investors
- $300K+: Typical for newer builds and family-driven rental demand
Investors should approach Whitestown as a higher-end play, best suited for long-term holds targeting tenant stability and property appreciation rather than rapid cash flow.
Outlook & Key Insights
- Rental rates hold steady YoY, though vacancy periods ticked up this summer.
- Sales market remains competitive, with homes selling in under a month on average.
- Whitestown positions itself as a premium suburb, offering quality tenants and lower turnover but requiring higher entry costs.
Considering higher-end investment opportunities? Explore our Whitestown property management services, compare Westfield rental management, or learn more about Red Door Property Management across the Indianapolis metro.
Transcript Here
00:07 Whitestown Rental Market Update
All right, Whitestown, your turn. All right, Whitestown. Again, not not a huge market here. Um, only 17 homes on the market. We kind of talk about this every month, but one that we think we should highlight because again with uh we believe it kind of bleeds into to Lebanon because it's right there on that kind of like northwest corridor. So definitely worth talking about, worth keeping on the radar.
Um, and actually look at that. I mean, number of homes is down 22% in in contrast to some of these other ones that we've seen that have been up 20 and 30%. So not a ton on the market, which is um which is great. Uh, average rental price 2380. So a little bit little bit higher endish. Uh, that's actually down a little bit 3% month over month and then basically unchanged year-over-year.
Days on the market, it's it's okay. 40 days on the market. A little bit high, but not not too too bad. Uh, but that is up 33% from uh last month. Uh, average price per square foot, $1.7 per square foot. Not really too much to talk about in terms of apartments and condos and town homes, eight and six available. So, not really too too much to talk about there.
Um, but the, uh, single family homes graph there on the bottom left, uh, August, again, you kind of ignore that because we pull that so early in the month. But for the most part, there was a little little blip little blip in March, but for the most part, year-over-year, 2025 is yielding a good return uh, year-over-year versus 2024. So, that is uh, that is good in terms of the Whitestown market. Let's take a look at the uh, sales data real quick.
01:44 Whitestown Sales Market Update
uh on the sales market. Um again, days on the market was great. 28 days on the market that is down 22% month over month and 30% year-over-year. So things are just flying off of the market there.
Um crazy $174 price per square foot. Pretty much unchanged month over month up 5% 6% 5% uh year-over-year. And uh average sales price, again this is under $500,000. Look at this from an investor point of view, but $3698.90. that is relatively unchanged both month over month and year-over-year.
Uh homes sold, there's 36 of those that sold. Uh look at that. It's down 23% year-over-year. That's that's uh that's interesting. Um and then if you look at that average sales price over time, uh pretty much for the most of the year, it's been up over 2024 uh with a slight dip down uh in uh June and July. So, we'll have to see if that trend continues. Nothing like earthshattering, but it is it is trending down just a little bit, but it is it is up over 2024.
And then uh bottom right will kind of show you well where what do I have to spend to kind of get into this market. And uh you know Whittown is a little bit more expensive than some of these other markets that we were just talking about some of the westside stuff, some of the Greenwood area. So it's kind of on par with Fisers and Westfield and and Noblesville in the sense that you've you really got to be in like that 250 to 300.
I mean there's what six under 250. So that's those are, you know, probably condos or a lot of work, that kind of stuff. So 250 to 300 is where I would try to be if I was going to be in uh in that Whitestown market.
Chris, anything to add for Whitestown?
No, I mean, Whitestown, so again, it this is a discussion we're going to have to have. I mean, we we we take on I don't know, a couple I mean, look at the numbers, right? There's only what 17 Let's just flip back to it real quick here. Uh yeah, 17 active homes. We bring on a couple in Whitestown um every year. We continue to highlight it more forformational purposes than anything else.Um but you know, we talk about Whitestown, but we don't we don't talk about some of these other other emerging markets. So, again, we were talking about this earlier. I I'm just I I have a habit of speaking what's on on my mind at the time. And here it is. I want to talk about more some of these other markets. All right. So, I'm gonna I'm gonna push it. We got it. We got to talk about some of these other markets.
But as far as as far as Whitestown goes, it's fine. It's um it's a uh my mind tells me that Whitestown is a luxury market. I think I've mentioned this before. I don't know if you completely agree with that, but I I that's how they've kind of painted themselves and and I mean well I mean look at the prices. I mean if you want to the if you want to get into this, you're going to spend a little bit more money. A great market nonetheless.
Great quality tenants. Uh very low turnover costs that you're going to find. Um you're probably not going to have a tenant that's going to stay for many years in this market. Um, uh, there's no data to back that up. That's just me and my experience over the years. But anyway, white it's it's as far as the numbers go, the the numbers are great.
If you can't tell, whites Whittown's not impressing me. Okay.
No, it's good. It's I mean, but the numbers the numbers are good. Your average sales price uh is going to generate you a 1% return.[Music]
