Mitch's Weekly Market Report

Indianapolis, IN 46202

Condos/Townhomes

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


Indianapolis, IN 46202

Thu May 07 2026
This week the median list price for Indianapolis, IN 46202 is $385,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has increased to 45. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Indianapolis, IN 46202

Thu May 07 2026
This week the median list price for Indianapolis, IN 46202 is $385,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has increased to 45. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $385,000
Median Price of New Listings $224,900
Per Square Foot $267
Average Days on Market 180
Median Days on Market 91
Price Decreased 44%
Price Increased 2%
Relisted 4%
Inventory 45
Median Rent
Market Action 24
Slight Buyer's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$667,000 2,168 - 2 3 9 0 0 87
$430,000 1,510 - 2 2 10 0 0 91
$290,000 1,267 0 - 4,500 sqft 2 2 44 0 0 168
$230,000 927 0 - 4,500 sqft 1 1 116 2 0 42