Final answer:
While specific data for median home values in Indiana in 2011 is not provided, national U.S. Census data shows a median home value of $232,000 in 2008 and $294,000 in 2015 with an average annual increase of 3.1%.
Step-by-step explanation:
The student asked about the approximate median value of houses sold in Indiana in 2011. According to the information provided, we do not have a specific figure for Indiana in 2011. However, based on the U.S. Census data, we know that the median sales price for a new one-family home in the United States was $232,000 in 2008 and $294,000 in 2015. Given this national trend and considering the average annual increase of 3.1%, we can estimate that the median home value in 2011 would likely have continued to increase from the 2008 figure. Depending on local market conditions in Indiana, the median home value in 2011 could feasibly align with one of the provided options (a-d), however, without specific regional data for Indiana, pinpointing an exact value requires assumptions beyond the national data presented.