RealTrends Market Report

Indianapolis, IN

Single-Family Homes

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Indianapolis, IN

Mon Jun 24 2024
This week the median list price for Indianapolis, IN is $290,995 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has increased to 1,508. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Indianapolis, IN

Mon Jun 24 2024
This week the median list price for Indianapolis, IN is $290,995 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has increased to 1,508. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $290,995
Median Price of New Listings $259,900
Per Square Foot $162
Average Days on Market 76
Median Days on Market 42
Price Decreased 50%
Price Increased 2%
Relisted 4%
Inventory 1,508
Median Rent
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$569,000 3,025 8,000 - 10,000 sqft 4 4 29 39 45 42
$339,900 2,121 6,500 - 8,000 sqft 3 3 40 55 52 42
$249,900 1,541 6,500 - 8,000 sqft 3 2 64 82 75 35
$149,900 1,029 4,500 - 6,500 sqft 3 1 83 75 70 35