Mitch's Weekly Market Report

Indianapolis, IN 46203

Condos/Townhomes

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


Indianapolis, IN 46203

Wed Feb 05 2025
This week the median list price for Indianapolis, IN 46203 is $249,999 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 7. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 46203

Wed Feb 05 2025
This week the median list price for Indianapolis, IN 46203 is $249,999 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 7. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $249,999
Median Price of New Listings $0
Per Square Foot $243
Average Days on Market 134
Median Days on Market 140
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,250,000 4,070 - 3 3.5 150 0 0 217
$487,450 1,715 - 2 2.5 89 0 0 98
$244,499 980 0 - 4,500 sqft 1 1 30 0 0 171
$202,450 1,204 0 - 4,500 sqft 2 1.5 30 0 0 91