A late-1990s neighborhood where homes went under contract in a median of 7.5 days. 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.
Shannon Lakes is in Perry Township, in the Perry Township Schools per MLS records. The homes that sold here in the last two years were mostly built between 1997 and 2001, a mix of one-story and two-story homes.
The MLS shows 18 closings in the last 12 months against 7 the year before, at a median of $344,750, down from $380,000. Homes went under contract in a median of 7.5 days, up from 6, and closed at 98.8% of list on average, with 44% closing at or above list.
What you are actually buying: a mid-sized house, usually around 1,926 square feet and roughly 25 years old. What you are giving up: time. At 7.5 days to a contract, buyers have little time, so line up financing before you tour.
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 1,476 to 2,842 square feet in the last two years, so a price per square foot of $175 is a better comparison than the sale price alone.
See homes →Homes here were built between about 1997 and 2001, so check the year built of any comparable you rely on.
See homes →At 18 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.
See homes →Shannon Lakes sales in the MLS list Perry Township Schools 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 first approved an operating referendum in May 2015 and renewed it in May 2022 for eight years at about 42 cents per $100 of assessed value, roughly $19.3 million a year. That rate is already on the tax bill. I found no Perry Township Schools question on the November 3, 2026 ballot, though the state list I checked may not be complete. 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 Holly Hills, which sold at a median of $235,500. If you want a newer house, see The Villages of Cobblestone. For all of Perry Township, see my Perry Township guide.
The median single-family sale in Shannon Lakes was $344,750 over the 12 months through August 2026, on 18 closings, and the middle 80% of sales ran $280,250 to $452,300 (MIBOR BLC).
The median was 7.5 days on market over the last 12 months, against 6 the year before, and 44% 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.
Perry Township Schools 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 1997 and 2001, with a median build year of 1999.
Voters first approved an operating referendum in May 2015 and renewed it in May 2022 for eight years at about 42 cents per $100 of assessed value, roughly $19.3 million a year. That rate is already on the tax bill. I found no Perry Township Schools question on the November 3, 2026 ballot, though the state list I checked may not be complete. 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 18 homes sold here in the last year. A saved search gets you each new Shannon Lakes listing the morning it hits the market.
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