A 1960s neighborhood where the median sale slipped from $215,000 to $205,750. Here is what homes sell for, how long they take, and what to check first.
Start with the map. Filter by price, beds, and neighborhood.
Parkwood Terrace is in Warren Township, in the Metropolitan School District of Warren Township per MLS records. The homes that sold here in the last two years were mostly built between 1962 and 1972, a mix of one-story and two-story homes.
The MLS shows 16 closings in the last 12 months against 12 the year before, at a median of $205,750, down from $215,000. Homes went under contract in a median of 27.5 days, up from 19.5, and closed at 96.7% of list on average, with 50% closing at or above list.
What you are actually buying: a mid-sized house, usually around 1,725 square feet and more than 40 years old. What you are giving up: speed. Median days on market rose from 19.5 to 27.5, so ask for comparable sales before you offer.
Every search below is live MLS data. Save one and you'll get new matches by email the morning they list.
Dues, size range and a thin sample.
Association dues are not part of the MLS data behind this page, so I am not quoting a number. Ask the listing agent for the current dues and what they cover, then confirm with the association itself.
See homes →Homes here ran from about 1,502 to 2,019 square feet in the last two years, so a price per square foot of $131 is a better comparison than the sale price alone.
See homes →Homes here were built between about 1962 and 1972, so check the year built of any comparable you rely on.
See homes →At 16 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.
See homes →Parkwood Terrace sales in the MLS list Metropolitan School District of Warren Township as the district. Which elementary, middle and high school an address feeds into can change with boundary updates, so confirm the assignment for the specific address with the district.
Voters approved an operating referendum in May 2023 at up to 30 cents per $100 of assessed value for eight years, about $88 million in total, with about 52% of the vote. That rate is already on the tax bill. I found no MSD Warren question on the November 3, 2026 ballot. Referendum rates sit outside the 1% cap.
Drive your actual commute at your actual start time before you commit.
Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Marion County's local income tax is 2.02%, per the Indiana Department of Revenue's county rate notice effective October 1, 2026. Confirm assessments with the Marion County Assessor.
If you want a lower entry price, compare Sheffield Woods, which sold at a median of $197,500. If you want a newer house, see Creekside Woods. For all of Warren Township, see my Warren Township guide.
The median single-family sale in Parkwood Terrace was $205,750 over the 12 months through August 2026, on 16 closings, and the middle 80% of sales ran $169,950 to $240,000 (MIBOR BLC).
The median was 27.5 days on market over the last 12 months, against 19.5 the year before, and 50% of homes closed at or above list price.
Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.
Metropolitan School District of Warren Township in MLS records. Confirm the specific school assignment for the address with the district.
Most homes that sold in the last two years were built between 1962 and 1972, with a median build year of 1966.
Voters approved an operating referendum in May 2023 at up to 30 cents per $100 of assessed value for eight years, about $88 million in total, with about 52% of the vote. That rate is already on the tax bill. I found no MSD Warren question on the November 3, 2026 ballot. Referendum rates sit outside the 1% cap.
I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.
My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.
If you're two years out, that's fine. Most of my best clients started with a question, not a showing.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
About 16 homes sold here in the last year. A saved search gets you each new Parkwood Terrace listing the morning it hits the market.
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