Mitch's Weekly Market Report
Indianapolis, IN 46204
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46204
Sat Sep 12 2026
This week the median list price for Indianapolis, IN 46204 is $360,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has increased to 63.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $360,000 | |
| Median Price of New Listings | $350,000 | |
| Per Square Foot | $274 | |
| Average Days on Market | 141 | |
| Median Days on Market | 98 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 63 | |
| Median Rent | ||
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $749,950 | 2,669 | - | 3 | 2.5 | 19 | 0 | 1 | 227 |
| $397,000 | 1,505 | - | 2 | 2 | 22 | 1 | 0 | 59 |
| $325,000 | 1,244 | - | 2 | 2 | 23 | 1 | 0 | 45 |
| $154,900 | 589 | - | 1 | 1 | 116 | 1 | 0 | 105 |