Mitch's Weekly Market Report
Indianapolis, IN 46217
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46217
Wed Aug 19 2026
This week the median list price for Indianapolis, IN 46217 is $217,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $217,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $124 | |
| Average Days on Market | 81 | |
| Median Days on Market | 91 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 40 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $224,750 | 1,535 | 0 - 4,500 sqft | 2 | 2.3 | 14 | 0 | 1 | 49 |
| $217,000 | 1,928 | 0 - 4,500 sqft | 3 | 2.5 | 22 | 0 | 0 | 105 |
| $214,900 | 1,721 | 0 - 4,500 sqft | 3 | 2.5 | 21 | 0 | 0 | 175 |
| $134,900 | 1,152 | - | 2 | 2 | 45 | 0 | 0 | 28 |