The Federal Reserve left its key interest rate unchanged earlier this week as the average home sale price in the US topped $530,000 in the last quarter of 2025, according to the Federal Reserve Bank of St. Louis.
The Midwest came in at an average sale price of $438,400 to end the year, while the Northeast was the most expensive region at more than $1.2M, according to the bank’s data.
Closer to home, prices in Indiana were up 2.6% year-over-year in February, according to real estate tracking site Redfin.
With the average cost topping $500K and some areas over the million-dollar mark in others, we decided to take a look around the state and see what $1M buys in today’s Indiana real estate market.
Here are five of the most interesting properties we found in four different cities.
Indianapolis home built just after the Civil War
This home on the market for $1.05 million was built just after the Civil War and combines 1865 historic charm with stylish modern remodels.
This 5-bedroom, 3.5 bath Italianate property in the heart of Indianapolis Old Northside offers 4,800 sq ft of space and had a $200,000 remodel on the kitchen alone, according to the listing.
The wine cellar in the basement has room for 1,000 bottles of wine and is temperature-controlled, and there’s a fully finished 580 sq ft Carriage House for guests or family.
Historic Indianapolis condo
Buyers in the price range in the Circle City have another historical and eye-catching option in this condo with a unique history. Built in 1903, the building was originally a church and later served as the Phoenix Theater.
Today, it’s on the market for $940,000 and utilizes the original floor beams as shelving, impressive stained glass windows, and a roof top balcony with city views of downtown.
It has a private two-car garage, 3 bedrooms and more than 3,400 sq ft of space.
Waterfront 3-level home in Cordry Sweetwater Lakes
If you’re looking for something a little less urban and a little more lakefront, this 3-level home in Cordy Sweetwater Lake could be yours.
On the market for a hair under $1M, this Craftsman-style home has 3,400 sq ft of space, 2 bedrooms, 4 baths and a magazine-ready deck to enjoy the water views.
Trafalgar wooded retreat
If wooded quiet is more your speed, check out this custom-built home in Trafalgar that sits on 11 acres.
The 3,101 sq ft brick home’s great room features 23-foot cathedral ceilings and over 200 sq ft of windows. You can enjoy the sounds of nature on the large composite deck that includes a covered porch and outdoor wood-burning fireplace. Plus, a newly built pole barn gives extra space for working or storage.
Lodge-style home in Nashville on 20 acres
Lastly, this lodge-style home in Nashville gives you plenty of privacy and space to spread out.
Sitting on 20 acres and providing more than 4,000 sq ft of space, you’ll find dramatic vaulted wood ceilings, exposed beams, scenic wooded views and a true lodge atmosphere.
On the market for $925,000, the home includes three bedrooms, two full bathrooms, and two half bathrooms.
This article originally appeared on Indianapolis Star: What does $1M buy in today’s market? See inside 5 for sale in Indiana
Reporting by Joe Mutascio, Indianapolis Star / Indianapolis Star
USA TODAY Network via Reuters Connect
