Why Live in Lockerbie Square
Lockerbie Square, the oldest surviving residential neighborhood in Indianapolis, is known for its cobblestone streets and 19th-century houses, including Federal, Italianate, and Queen Anne styles. The area, saved by preservationists in the 1970s, features converted industrial buildings like the Lockerbie Glove Factory and a mix of cottages and modern custom homes. Despite the absence of parks, its tree-lined streets create an urban oasis just blocks from downtown. The James Whitcomb Riley Museum Home serves as a community hub, and nearby Highland Park and Willard Park offer green spaces. Dining options include the historic Rathskeller beer hall and the highly-rated Vida restaurant, with additional eateries and entertainment in the Bottleworks District. Whole Foods and Needler’s Fresh Market are conveniently located nearby. Lockerbie Square hosts annual events like the Fourth of July celebration and L’Ocktoberfest. Herron High School, a highly rated public charter school, is less than 2 miles away. The neighborhood is well-connected, with access to Interstates 65 and 70 and several IndyGo bus routes. Compared to the national average, Lockerbie Square has fewer reports of auto theft than most parts of downtown Indy. Occasional flooding near Park Ave. and Michigan St. is a noted concern.
Home Trends in Lockerbie Square, IN
On average, homes in Lockerbie Square, Indianapolis sell after 67 days on the market compared to the national average of 51 days. The median sale price for homes in Lockerbie Square, Indianapolis over the last 12 months is $452,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$452,000
Median Single Family Sale Price
$599,900
Median Townhouse Sale Price
$482,500
Median 2 Bedroom Sale Price
$367,500
Median 1 Bedroom Sale Price
$297,500
Average Price Per Sq Ft
$268
Number of Homes for Sale
8
Last 12 months Home Sales
35
Median List Price
$475,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-1%