Mitch's Weekly Market Report

Indianapolis, IN 46202

Condos/Townhomes

ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673


Indianapolis, IN 46202

Wed Feb 05 2025
This week the median list price for Indianapolis, IN 46202 is $474,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 39. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Indianapolis, IN 46202

Wed Feb 05 2025
This week the median list price for Indianapolis, IN 46202 is $474,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 39. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $474,000
Median Price of New Listings $484,900
Per Square Foot $294
Average Days on Market 244
Median Days on Market 231
Price Decreased 21%
Price Increased 0%
Relisted 3%
Inventory 39
Median Rent
Market Action 27
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$650,000 2,441 0 - 4,500 sqft 3 3.5 3 1 0 336
$599,900 1,968 0 - 4,500 sqft 3 3.5 2 1 1 325
$414,450 1,258 4,500 - 6,500 sqft 2 2 9 1 1 154
$222,500 953 8,000 - 10,000 sqft 2 1.3 31 1 0 52