Cobblestone Springs Avon IN Home Prices & HOA Rules

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Cobblestone Springs in Avon, Indiana had a median sale price of $330,000 across 47 closed sales recorded in MIBOR between January 1, 2021 and August 4, 2026. Homes here were built between 1993 and 1999, average about 2,537 finished square feet, and carry an annual HOA fee that has been reported between $350 and $460.

What the Sales Records Say About Cobblestone Springs

Cobblestone Springs is one of those Avon neighborhoods people drive through and immediately start doing math in their heads. Mature trees, sidewalks on both sides, ponds tucked into the common areas, and homes big enough to actually live in without being enormous. Everything here comes from closed sales recorded in MIBOR for January 1, 2021 through August 4, 2026: 47 closings across a little more than five years, enough history to see a real trend instead of a blip.

The short version: prices are up meaningfully since 2021, homes still sell quickly, and the pace has cooled from the frantic four-day sprints of 2021 and 2022 to something closer to a normal timeline. That’s healthier for buyers and still strong for sellers.

Cobblestone Springs Neighborhood Overview

Cobblestone Springs sits in Washington Township in Hendricks County with an Avon mailing address. The subdivision was platted in five recorded sections between 1993 and 1995, and the closed sales confirm it: every home in this report was built between 1993 and 1999.

Sales came from seven streets, with Cobblesprings Drive accounting for 24 of the 47 closings. Autumn Springs, Red Sunset, Winterwood, Springwood, Thornberry, and Buckthorn make up the rest. Based on the recorded plats, which number lots into the 170s, and a closing pace of roughly nine homes a year, I’d estimate the neighborhood at somewhere around 170 to 180 homes. Treat that as an estimate, not a certified count.

The recorded covenants describe Cobblestone Springs as a garden community, with the association responsible for entrance features, a park, a gazebo, jogging trails, street lights, irrigation, landscaping, and the lakes. Several closed listings cite year-round ponds, walking trails, and a playground among the amenities, so those show up in the sales records and not only in the founding documents.

Cobblestone Springs Market Snapshot

These numbers cover all 47 closed sales in the MIBOR records for January 1, 2021 through August 4, 2026. Every one was a single-family residence.

Cobblestone Springs Market Snapshot (January 1, 2021 to August 4, 2026)

Metric	Value
Closed Sales	47
Median Sale Price	$330,000
Average Sale Price	$333,227
Price Range	$220,000 to $450,000
Average Price Per Finished Square Foot	$135.53
Median Days on Market	6 days
Average Days on Market	24.6 days
Average Sale Price to Original List Price	99.0%
Median Finished Square Feet	2,532
Year Built Range	1993 to 1999
Annual HOA Fee Reported	$350 to $460 (median $450)

That six-day median is worth sitting with. Half the homes sold here over five years went under contract inside a week. The 24.6-day average is pulled up by a handful of listings that took much longer, which usually comes down to condition or pricing rather than the address.

Year-Over-Year Trend

Year	Closed Sales	Median Sale Price	Median Price Per SqFt	Median Days on Market
2021	12	$290,950	$137.04	4.5
2022	8	$315,000	$132.62	3.5
2023	7	$379,536	$126.77	28
2024	8	$325,500	$139.64	10
2025	9	$374,000	$130.10	7
2026 (through July 24)	3	$355,000	$141.93	16

The year-to-year medians bounce around for a reason. Where only seven to twelve homes sell a year, the mix of what sold moves the median as much as the market does. In 2023 the median finished size was 2,983 square feet, the largest of any year, which pushed that year’s median price to $379,536 even though median price per square foot was the lowest in the window at $126.77.

Home Features and Characteristics in Cobblestone Springs

The homes that sold ranged from 1,495 to 4,002 finished square feet, with a median of 2,532. Lots ran from 7,956 to 22,200 square feet, roughly 0.18 to 0.51 acres, with a median near 0.22 acres. These are traditional suburban lots, and the recorded plats confirm the subdivision was designed that way.

Two-story homes dominate. Of the 47 closings, 35 were two levels, seven one level, two at two-and-a-half, one at one-and-a-half, and two multi-level. If you’re hunting a ranch here, they exist, though they represent about 15 percent of what has traded and don’t come up often.

Home Features Summary

Feature	What the 47 Closed Sales Show
Finished Square Feet	1,495 to 4,002 (median 2,532, average 2,537)
Lot Size	7,956 to 22,200 sq ft (0.18 to 0.51 acres, median 0.22)
Garage Spaces	36 two-car, 10 three-car, 1 four-car or larger
Bedrooms	26 four-bedroom, 14 three-bedroom, 6 five-bedroom, 1 two-bedroom
Total Bathrooms	36 with three, 7 with two, 4 with four
Basements	16 of 47 (34%)
Fireplaces	45 of 47 had one or more (96%)
Levels	35 two-story, 7 ranch, 5 other configurations
Architectural Style	Traditional American on 39 of 47 listings
In-Ground Pools	Not tracked as a separate field in this export

The Features Showing Up in Almost Every Sale

A few patterns repeat across the 47 closings. Every home that sold had a minimum of a two-car attached garage, which tracks with the covenants requiring exactly that. Roughly 96 percent had a fireplace, 68 percent had four or more bedrooms, and 85 percent had three or more bathrooms. Traditional American was the style on 39 of the 47 listings.

Basements are the dividing line. Only 34 percent of the closed homes had one, with finished lower-level space ranging up to 1,246 square feet. If a finished basement is a must-have, plan on being patient, because you’re shopping a third of an already small inventory. Fenced yards, on the other hand, are common: of the listings reporting a fence field, 20 said yes and three said no.

Market Direction: Increasing, With a Longer Selling Window

Because a single year carries only seven to twelve sales, the cleanest way to read the trend is front of the window against back. The 20 homes that closed in 2021 and 2022 had a median of $297,450. The 12 that closed in 2025 and through July of 2026 had a median of $364,500, an increase of about 22.5 percent in roughly four years.

Price per finished square foot tells a steadier story, moving from a median of $133.88 in 2021 and 2022 to $136.02 in 2025 and 2026. That gap matters: a good chunk of the price gain came from larger homes trading later in the window, and the rest from genuine appreciation. A seller pricing a 1,900 square foot home off a 3,200 square foot comp is going to have a rough few weeks.

The bigger shift is pace. Median days on market ran four days across 2021 and 2022, and 13 days across 2025 and 2026. The average went from 5.2 to 30.6. Thirteen days is still fast by any historical standard, and homes closed at 99 percent of original list price on average across the full window, so this reads as normalizing rather than softening.

My read is increasing, with a slower and more deliberate buyer. For the wider county picture behind these neighborhood numbers, I keep a running set of Hendricks County market stats updated every month.

Sales spread fairly evenly through the calendar, with November and December each at six closings and October at one. Across 47 sales in five years, that’s not enough to call a reliable seasonal pattern.

Cobblestone Springs HOA Rules: What Homeowners Need to Know

An important detail first. Cobblestone Springs was platted in five recorded sections, and each section has its own covenants and restrictions. What follows comes from the Declaration of Covenants and Restrictions recorded with the Hendricks County Recorder in September 1993 and the plats for Sections I through V. It’s an accurate overview of how the neighborhood is governed, not a substitute for the recorded documents attached to your specific address. Ask your REALTOR® to pull the covenants for that exact section. These covenants are more detailed than most from that era, and a few rules genuinely change what you can do with the property.

Fencing Rules

This is the section people ask about most, and Cobblestone Springs is specific. Fences are capped at four feet unless the committee approves otherwise. Two styles are pre-approved: black vinyl chain link in nine gauge with a two-inch diamond and black vinyl framework, or shadow box and spaced picket with two to three inch spacing, which may be Cape Cod scalloped, dog-eared, or crowned.

The finished side has to face out toward the neighbor’s yard. Fences may be stained to match trim or left natural, with decorative posts the owner’s choice of dog-eared or mill top. All fencing must be professionally installed, kept in repair, cannot have anything added to the topside, and cannot impede drainage. Six-foot privacy fencing is allowed in two situations only: around an in-ground pool, or as a screen around a back patio, where the enclosed area cannot exceed 40 by 20 feet or extend beyond the perimeter of the house. Front-yard fences are not permitted, and nothing over two feet that obstructs sight lines may sit between the front property line and the building setback line.

Pool and Water Feature Guidelines

All swimming pools must be below ground, properly fenced, and landscaped, with committee approval first. Above-ground pools are not permitted. Discharge from pools, sump pumps, and geothermal systems needs approval and can only run through established drainage easements, never into the street or onto neighboring lots.

The ponds carry their own rules. A 25-foot architectural easement runs around all lakes, with no building inside it without approval, and owners whose lots reach the water maintain that area. No wading, swimming, or ice skating is allowed. Canoes and kayaks are permitted, though they can’t be left on the bank overnight and must be stored out of sight. Life preservers are required whenever watercraft are in use.

Parking and Vehicle Restrictions

Street parking is tightly limited. The covenants prohibit parking on dedicated streets except when a homeowner is hosting a social function and guests can’t fit on the lot, and that exception covers automobiles only. Overnight street parking is not allowed anywhere in the neighborhood.

Every household vehicle needs permanent off-street parking in a garage or driveway, and disabled vehicles cannot be stored in the open. Boats, RVs, trailers, campers, all-terrain vehicles, motorcycles, snowmobiles, and camper or boat trailers cannot be kept on a lot unless they’re inside a garage and out of view. If you own a camper or a boat, read this one closely before you write an offer.

Exterior Improvement Approvals

No construction, building, or fence can be started, placed, or altered until building plans, plot plan, drainage plan, and landscape plans are approved. The committee has 30 days to respond after all required information is submitted, and if it fails to act in that window, the owner may proceed as submitted.

Exterior finish materials must be approved. Every home requires a minimum of two photocell-controlled coach lights per garage, capped at 100 watts. Mailboxes are standardized by design, color, and placement, and yard post lights and flag poles need architectural approval.

Outbuildings and Structures

Storage sheds, storage barns, and similar outbuildings are prohibited. The one exception is a pool house, which must use the same design and materials as the home and be approved before it’s built. Temporary house trailers, garages, and other temporary buildings are not allowed on any lot.

The covenants also set minimum home sizes: 1,200 square feet for a single story and 1,500 for a two story. Every home requires a minimum of a two-car attached garage, driveways must be paved, utilities run underground, and sidewalks are mandatory.

Landscaping and Lawn Standards

Cobblestone Springs is designated a garden community, and the covenants set a minimum landscaping package that came with the original purchase: sodded front and side yards, one shade tree or conifer, fifteen to twenty shrubs, and two cubic yards of mulch.

Ongoing, owners must mow, remove debris, cut down dead trees and limbs, keep drainage areas clear, and keep exteriors in repair. Trees provided by the developer or builder can’t be removed unless dead or approved, and are replaced with the same species. Lots with a landscape easement have that portion maintained as common area by the association.

Signs

One sign per lot is allowed, no larger than four square feet, advertising the lot or home for sale. Billboards and other nuisance signage are prohibited, which rules out oversized marketing signage if you’re listing.

Pets and Animals

No more than two ordinary household pets such as cats or dogs are permitted per lot, with fish and birds excluded from that count. Farm animals, fowl, exotic animals, and animals kept for commercial purposes are prohibited, and cats and dogs cannot roam beyond the lot unattended.

Satellite Dishes and Antennas

The covenants prohibit high intensity lighting, television and radio antennas, satellite dishes, and other visible obtrusive objects without approval, and state the intent not to allow exterior antennas. Federal rules adopted after 1993 limit how far an association can restrict certain dishes, so confirm current enforcement before assuming either way.

Other Rules Worth Knowing

Play equipment has to stay in the back yard, be built mainly of wood, be kept in repair, and cannot exceed six feet without approval. Basketball goals require black poles with white fiberglass, translucent fiberglass, or glass backboards. Lots are limited to single-family residential use, with home occupations allowed only where county zoning permits. Outdoor trash receptacles must be underground or out of view from any street except at collection times. Clothes lines, equipment, garbage cans, and storage piles have to be screened, and firewood kept neat. Open burning of refuse is prohibited, and owners must keep any storm drainage ditch or swale on their lot unobstructed.

HOA Assessments

Across the 45 closed sales that reported an association fee, the annual assessment ranged from $350 to $460, with $450 appearing most often and serving as the median. Every one reported the fee annually, so this is a once-a-year charge. The original 1993 covenants set the founding annual charge at $144, due March 1 with a minimum $25 late fee after March 10, which shows how much it has grown over three decades.

The Cobblestone Springs Property Owners Association, Inc. maintains entrance features, the park, gazebo, jogging trails, street lights, irrigation, landscaping, and the lakes. Listings also cite common area maintenance, snow removal, professional management, common area insurance, playground, walking trails, and year-round ponds. Fees change, so confirm the current amount and what it covers with the association.

Who Tends to Connect With Cobblestone Springs

Based purely on what the homes offer, Cobblestone Springs tends to appeal to buyers who want square footage without a new-build price tag. A median of 2,532 finished square feet at $330,000 is a lot of house per dollar in this part of Hendricks County, and the four-bedroom, three-bath configuration that dominates the sales gives most households room to spread out.

The mature landscaping draws anyone who has lived in a new subdivision and missed having shade. Homes here are 27 to 33 years old, so the trees are grown in and the streetscape looks finished. That comes with the usual tradeoff: mechanical systems and roofs on homes this age deserve a close look during inspection.

Buyers who want a shed, an above-ground pool, or a place to park an RV should look elsewhere, since all three are prohibited. Buyers who value enforced rules and maintained common areas will find that same specificity reassuring.

Nearby Conveniences

Cobblestone Springs sits off County Road 800 East, also known as Dan Jones Road, in Washington Township. That puts it a short drive from the US 36 and Rockville Road corridor, where most of Avon’s shopping and everyday errands live. Getting to Indianapolis, the airport, or I-465 is straightforward, which is a large part of why Avon has stayed in demand.

Inside the neighborhood, the association maintains a park, a gazebo, jogging trails, and the ponds, so a fair amount of outdoor time happens without getting in the car. To see what’s currently available nearby, browse Avon homes for sale and compare against the numbers in this report.

If you’re weighing Cobblestone Springs against other established Avon neighborhoods, I’ve run the same analysis on Shiloh Farms, Pines West, and Austin Lakes.

How Current Is This Data?

The sales data in this report covers January 1, 2021 through August 4, 2026. If you’re researching Cobblestone Springs right now and want to know what’s sold more recently, reach out. I can pull the most current data and walk you through what it means for your specific situation.

Let’s Talk About Your Home

If you’re thinking about selling in Cobblestone Springs, or you’ve had your eye on this area, I’d love to talk through what the market looks like for your specific situation. Call or text me at 317-987-7068, or reach out at rene@indyhomepros.com.

If you’re curious about working with someone who digs this deep into the data, you can learn more about how I work with buyers and sellers across Hendricks County.

You can also read what past clients have said on Google, Zillow, and Realtor.com.

Cobblestone Springs Avon Indiana: Frequently Asked Questions

What is the median home price in Cobblestone Springs in Avon, Indiana?

The median sale price is $330,000 based on 47 closed sales recorded in MIBOR between January 1, 2021 and August 4, 2026. The average sale price over the same window was $333,227, and prices ranged from $220,000 to $450,000.

How much are HOA fees in Cobblestone Springs?

Across the 45 closed sales that reported a fee, the annual assessment ranged from $350 to $460, with a median of $450. Every listing reported it as an annual charge. Fees change over time and vary by section, so confirm the current amount directly with the association.

When were homes in Cobblestone Springs built?

Every home in the 47 closed sales was built between 1993 and 1999. The subdivision was platted in five recorded sections between 1993 and 1995 by Cranfill Development Corporation.

How big are the homes in Cobblestone Springs?

Finished square footage in the closed sales ranged from 1,495 to 4,002, with a median of 2,532 and an average of 2,537. Most homes are two-story, and 68 percent of the sales had four or more bedrooms.

Can you put a fence in Cobblestone Springs?

Yes, with committee approval. Fences are capped at four feet unless otherwise approved, with black vinyl chain link and shadow box or spaced picket pre-approved. The finished side must face the neighbor’s yard, all fencing must be professionally installed, and front-yard fences are not permitted. Six-foot privacy fencing is allowed only around an in-ground pool or as a limited patio screen.

Are pools allowed in Cobblestone Springs?

In-ground pools are allowed with prior committee approval and must be properly fenced and landscaped. Above-ground pools are not permitted under the recorded covenants, and pool discharge cannot be routed into the street or onto adjacent lots.

Can you park an RV or boat in Cobblestone Springs?

Not in the open. Boats, RVs, campers, trailers, all-terrain vehicles, motorcycles, and snowmobiles cannot be kept or parked on a lot unless they’re inside a garage and out of view of neighboring homes and streets. Overnight parking on dedicated streets is also prohibited.

Are sheds allowed in Cobblestone Springs?

No. Storage sheds, storage barns, and similar outbuildings are prohibited by the recorded covenants. A pool house is the one exception, and it must match the design and materials of the home and be approved before construction.

How fast do homes sell in Cobblestone Springs?

The median was six days across the full five-year window, with an average of 24.6 days. Pace has slowed from a median of four days in 2021 and 2022 to 13 days in 2025 and 2026, which is still quick by historical standards.

Do homes in Cobblestone Springs have basements?

Some do. Of the 47 closed sales, 16 had a basement and 31 did not, so roughly a third of the neighborhood’s sales included one. Finished lower-level space among those homes ranged up to 1,246 square feet.

Is Cobblestone Springs a good investment right now?

The sales records show median prices rising about 22.5 percent from the 2021 and 2022 window to the 2025 and 2026 window, with homes closing at 99 percent of original list price on average. Whether that fits your situation depends on your timeline and financing, which is worth a conversation rather than a blanket answer.