Mitch's Weekly Market Report

Indianapolis, IN 46217

Condos/Townhomes

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


Indianapolis, IN 46217

Sun Jul 05 2026
This week the median list price for Indianapolis, IN 46217 is $225,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 5. 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 terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Indianapolis, IN 46217

Sun Jul 05 2026
This week the median list price for Indianapolis, IN 46217 is $225,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 5. 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 terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $225,000
Median Price of New Listings $0
Per Square Foot $124
Average Days on Market 80
Median Days on Market 70
Price Decreased 60%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 38
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark and have had an upward price trend over the last few weeks. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$241,500 1,725 0 - 4,500 sqft 2 2.3 20 0 0 66
$225,000 1,754 0 - 4,500 sqft 3 2.5 19 0 0 49
$214,900 1,721 0 - 4,500 sqft 3 2.5 21 0 0 133
$142,000 1,176 - 3 1.5 51 0 0 84