Mitch's Weekly Market Report

Indianapolis, IN 46214

Condos/Townhomes

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


Indianapolis, IN 46214

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46214 is $177,400 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has decreased to 6. 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.

Strong Seller's Market

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Indianapolis, IN 46214

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46214 is $177,400 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has decreased to 6. 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.

Strong Seller's Market

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $177,400
Median Price of New Listings $179,900
Per Square Foot $158
Average Days on Market 88
Median Days on Market 77
Price Decreased 83%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 46
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$245,000 1,724 4,500 - 6,500 sqft 4 3 42 0 0 154
$204,000 1,325 0 - 4,500 sqft 2 2.5 35 0 0 203
$177,400 1,056 - 2 2 28 1 0 7
$156,450 1,125 0 - 4,500 sqft 2 1.3 37 0 1 77