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The Villages of Cobblestone · Indianapolis · Perry Township

Homes for Sale in The Villages of Cobblestone, Indianapolis

A 2000s neighborhood priced near $250,000. Here is what homes sell for, how long they take, and what to check first.

The Villages of Cobblestone market right nowSingle-family closings · 12 months through August 2026
13Sales, last 12 monthsPrior 12 months: 16
$250,000Median sale priceWas $260,000 the year before
21Median days on marketWas 9 the year before
97.9%Of list price, average38% sold at or above list
Middle 80% of sales ran $200,520 to $264,000; median $149 per living sq ft on a median 1,614 sq ft. “Last 12 months” is September 2025 through August 2026; the year before is September 2024 through August 2025. At 13 sales a year, one or two big closings move the median, so I pull actual comparables for any specific house. Source: MIBOR Broker Listing Cooperative, single-family closings with the MLS subdivision name The Villages Of Cobblestone, Villages At Cobblestone, pulled October 3, 2026.

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The honest version

What The Villages of Cobblestone Is Actually Like

The Villages of Cobblestone 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 2000 and 2012, a mix of one-story and two-story homes.

The MLS shows 13 closings in the last 12 months against 16 the year before, at a median of $250,000, down from $260,000. Homes went under contract in a median of 21 days, up from 9, and closed at 97.9% of list on average, with 38% closing at or above list.

The Villages of Cobblestone's median sale was $250,000, down from $260,000. The middle 80% of sales ran $200,520 to $264,000 (MIBOR).

What you are actually buying: a smaller house, usually around 1,614 square feet and built in the 2000s and 2010s. What you are giving up: a big sample. With 13 sales in 12 months, one or two closings can move the median.

Live listings

Browse The Villages of Cobblestone Homes by Price

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How it breaks down

What to Know Before You Buy in The Villages of Cobblestone

Dues, size range and a thin sample.

Dues and amenities

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.

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A wide size range

Homes here ran from about 1,314 to 3,179 square feet in the last two years, so a price per square foot of $149 is a better comparison than the sale price alone.

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Build years

Homes here were built between about 2000 and 2012, so check the year built of any comparable you rely on.

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A small sample

At 13 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.

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Schools & the ballot

Perry Township Schools

The Villages of Cobblestone 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.

The ballot

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.

Living here

The Drive, Taxes & Fit

The drive

Drive your actual commute at your actual start time before you commit.

Taxes

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.

Who The Villages of Cobblestone is wrong for

If you want a lower entry price, compare Holly Hills, which sold at a median of $235,500. For all of Perry Township, see my Perry Township guide.

Questions I get weekly

Buying in The Villages of Cobblestone

What do homes in The Villages of Cobblestone sell for?

The median single-family sale in The Villages of Cobblestone was $250,000 over the 12 months through August 2026, on 13 closings, and the middle 80% of sales ran $200,520 to $264,000 (MIBOR BLC).

How fast do The Villages of Cobblestone homes sell?

The median was 21 days on market over the last 12 months, against 9 the year before, and 38% of homes closed at or above list price.

How much are The Villages of Cobblestone HOA dues?

Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.

What school district serves The Villages of Cobblestone?

Perry Township Schools in MLS records. Confirm the specific school assignment for the address with the district.

When were homes in The Villages of Cobblestone built?

Most homes that sold in the last two years were built between 2000 and 2012, with a median build year of 2002.

Is there a school referendum near The Villages of Cobblestone?

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.

Your Realtor

Thinking About The Villages of Cobblestone? Let's Talk.

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.

Wes Johnston
REALTOR® · Trueblood Real Estate · License #RB18001276

Fishers-based. Honest numbers, every part of the metro. Committed to your success.

For buyers

See The Villages of Cobblestone Listings the Day They List

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For sellers

What's Your The Villages of Cobblestone Home Worth?

Not a national algorithm guessing from square footage. A real valuation based on what's actually selling near you, from someone who has been inside those houses.