Mitch's Weekly Market Report

Indianapolis, IN 46202

Condos/Townhomes

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


Indianapolis, IN 46202

Thu Apr 24 2025
This week the median list price for Indianapolis, IN 46202 is $465,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 37. 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 Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Indianapolis, IN 46202

Thu Apr 24 2025
This week the median list price for Indianapolis, IN 46202 is $465,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 37. 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 Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $465,000
Median Price of New Listings $335,000
Per Square Foot $290
Average Days on Market 188
Median Days on Market 56
Price Decreased 38%
Price Increased 0%
Relisted 3%
Inventory 37
Median Rent
Market Action 32
Slight Seller'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
$700,000 2,065 0 - 4,500 sqft 3 3.5 4 0 0 371
$549,000 1,682 0 - 4,500 sqft 2 2 8 0 0 329
$409,000 1,726 0 - 4,500 sqft 2 2.5 18 0 1 35
$294,950 1,061 0 - 4,500 sqft 2 1.5 28 3 1 21