Mitch's Weekly Market Report

Indianapolis, IN 46204

Condos/Townhomes

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


Indianapolis, IN 46204

Mon Sep 15 2025
This week the median list price for Indianapolis, IN 46204 is $409,450 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 38. 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

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Indianapolis, IN 46204

Mon Sep 15 2025
This week the median list price for Indianapolis, IN 46204 is $409,450 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 38. 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

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $409,450
Median Price of New Listings $312,500
Per Square Foot $280
Average Days on Market 111
Median Days on Market 95
Price Decreased 47%
Price Increased 0%
Relisted 0%
Inventory 38
Median Rent
Market Action 28
Slight Buyer'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
$774,450 2,641 - 2 2.3 20 0 0 59
$459,000 1,629 - 2 2 21 1 0 112
$367,000 1,547 - 2 2 22 1 0 119
$200,000 854 - 1 1 105 2 0 56