Mitch's Weekly Market Report
Indianapolis, IN 46203
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46203
Tue Jul 28 2026
This week the median list price for Indianapolis, IN 46203 is $204,950 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $204,950 | |
| Median Price of New Listings | $185,000 | |
| Per Square Foot | $172 | |
| Average Days on Market | 52 | |
| Median Days on Market | 35 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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 |
|---|---|---|---|---|---|---|---|---|
| $594,950 | 2,022 | 0 - 4,500 sqft | 2 | 3 | 20 | 0 | 1 | 45 |
| $275,000 | 1,312 | - | 2 | 2 | 101 | 0 | 0 | 119 |
| $182,450 | 1,376 | - | 3 | 2 | 22 | 2 | 1 | 24 |
| $159,900 | 1,206 | - | 2 | 1.5 | 28 | 1 | 0 | 7 |