Mitch's Weekly Market Report

Indianapolis, IN 46204

Condos/Townhomes

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


Indianapolis, IN 46204

Tue Oct 27 2026
This week the median list price for Indianapolis, IN 46204 is $345,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has decreased to 55. 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 Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Indianapolis, IN 46204

Tue Oct 27 2026
This week the median list price for Indianapolis, IN 46204 is $345,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has decreased to 55. 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 Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $345,000
Median Price of New Listings $0
Per Square Foot $270
Average Days on Market 166
Median Days on Market 126
Price Decreased 53%
Price Increased 0%
Relisted 5%
Inventory 55
Median Rent
Market Action 23
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$860,000 2,909 - 3 2.5 18 0 0 276
$392,000 1,482 - 2 2 22 0 0 108
$316,500 1,248 - 2 2 23 0 1 91
$209,900 892 - 1 1 116 0 1 133