Mitch's Weekly Market Report

Indianapolis, IN 46203

Single-Family Homes

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 $250,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 144. 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. Prices have not been moving higher for several 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 persistently, 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 $250,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 144. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $250,000
Median Price of New Listings $209,900
Per Square Foot $182
Average Days on Market 107
Median Days on Market 77
Price Decreased 53%
Price Increased 1%
Relisted 6%
Inventory 144
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$449,900 2,165 0 - 4,500 sqft 3 2.5 17 0 1 115
$293,500 1,559 4,500 - 6,500 sqft 3 2 104 3 5 73
$218,450 1,189 4,500 - 6,500 sqft 3 1.5 95 8 5 59
$149,900 884 4,500 - 6,500 sqft 2 1 77 6 3 63