The Terrace Meadows housing market is very competitive. The median sale price of a home in Terrace Meadows was $235K last month, down 9.62% since last year. The median sale price per square foot in Terrace Meadows is $111, up 19.4% since last year.
What is the housing market like in Terrace Meadows today?
In January 2025, Terrace Meadows home prices were down 9.62% compared to last year, selling for a median price of $235K. On average, homes in Terrace Meadows sell after 66 days on the market compared to 45 days last year. There were 9 homes sold in January this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$234,900
-9.62% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Terrace Meadows, IN
$234,900
-9.62%
United States
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How hot is the Terrace Meadows housing market?
Terrace Meadows is very competitive. Homes sell in 20 days.
0
100
80
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Terrace Meadows housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Terrace Meadows.
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Terrace Meadows has a minor risk of flooding. 44 properties in Terrace Meadows are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Terrace Meadows. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Terrace Meadows has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Terrace Meadows is most at risk from hurricanes. 969 properties in Terrace Meadows have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 44 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 51 mph.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Terrace Meadows has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Terrace Meadows have a Moderate Heat Factor®.
Terrace Meadows is expected to see a 142% increase in the number of days over 101ºF over the next 30 years. Terrace Meadows is expected to experience 7