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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Indianapolis metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Sagamore (Noblesville, IN)

11293 Golden Bear Way, Noblesville, IN 46060
- List price: $1,606,000
- Beds: 5 | Baths: 5 | Square feet: 5,904
- See 11293 Golden Bear Way, Noblesville, IN 46060 on

16483 Valhalla Dr, Noblesville, IN 46060
- List price: $849,000
- Beds: 4 | Baths: 3.5 | Square feet: 5,484
- See 16483 Valhalla Dr, Noblesville, IN 46060 on

16485 Grand Cypress Dr, Noblesville, IN 46060
- List price: $1,199,000
- Beds: 5 | Baths: 3.5 | Square feet: 4,242
- See 16485 Grand Cypress Dr, Noblesville, IN 46060 on

#2. Thorpe Creek (Fishers, IN)

12630 Misty Ridge Ct, Fishers, IN 46037
- List price: $649,900
- Beds: 5 | Baths: 3.5 | Square feet: 4,404
- See 12630 Misty Ridge Ct, Fishers, IN 46037 on

14682 Woodstone Cir, Fishers, IN 46037
- List price: $799,900
- Beds: 5 | Baths: 3 | Square feet: 5,023
- See 14682 Woodstone Cir, Fishers, IN 46037 on

14940 Silent Bluff Ct, Fishers, IN 46037
- List price: $950,000
- Beds: 5 | Baths: 4.5 | Square feet: 6,076
- See 14940 Silent Bluff Ct, Fishers, IN 46037 on

#3. Carmel Arts & Design District (Carmel, IN)

220 1St Ave SE, Carmel, IN 46032
- List price: $900,000
- Beds: 3 | Baths: 2 | Square feet: 2,004
- See 220 1St Ave SE, Carmel, IN 46032 on

231 1St Ave NE, Carmel, IN 46032
- List price: $780,000
- Beds: 3 | Baths: 1.5 | Square feet: 1,818
- See 231 1St Ave NE, Carmel, IN 46032 on

376 Aspen Dr, Carmel, IN 46032
- List price: $264,800
- Beds: 4 | Baths: 2.5 | Square feet: 2,256
- See 376 Aspen Dr, Carmel, IN 46032 on

449 Emerson Rd, Carmel, IN 46032
- List price: $599,999
- Beds: 3 | Baths: 1.5 | Square feet: 1,044
- See 449 Emerson Rd, Carmel, IN 46032 on

#4. The Village of West Clay (Carmel, IN)

12510 Meeting House Rd, Carmel, IN 46032
- List price: $995,900
- Beds: 5 | Baths: 4.5 | Square feet: 4,069
- See 12510 Meeting House Rd, Carmel, IN 46032 on

12697 Treaty Line St, Carmel, IN 46032
- List price: $675,000
- Beds: 3 | Baths: 3 | Square feet: 2,714
- See 12697 Treaty Line St, Carmel, IN 46032 on

12922 Ives Way, Carmel, IN 46032
- List price: $450,000
- Beds: 3 | Baths: 2.5 | Square feet: 2,112
- See 12922 Ives Way, Carmel, IN 46032 on

2377 Finchley Rd, Carmel, IN 46032
- List price: $2,150,000
- Beds: 8 | Baths: 8 | Square feet: 9,385
- See 2377 Finchley Rd, Carmel, IN 46032 on

#5. Bridgewater Club (Westfield, IN)

15364 Mystic Rock Dr, Carmel, IN 46033
- List price: $315,000
- Beds: 2 | Baths: 3 | Square feet: 1,831
- See 15364 Mystic Rock Dr, Carmel, IN 46033 on

15405 Mystic Rock Dr, Carmel, IN 46033
- List price: $600,000
- Beds: 4 | Baths: 3.5 | Square feet: 2,322
- See 15405 Mystic Rock Dr, Carmel, IN 46033 on

15407 Mystic Rock Dr, Carmel, IN 46033
- List price: $600,000
- Beds: 4 | Baths: 3.5 | Square feet: 2,432
- See 15407 Mystic Rock Dr, Carmel, IN 46033 on