Mitch's Weekly Market Report

Indianapolis, IN 46239

Single-Family Homes

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


Indianapolis, IN 46239

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46239 is $319,950 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 94. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Indianapolis, IN 46239

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46239 is $319,950 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 94. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $319,950
Median Price of New Listings $320,000
Per Square Foot $151
Average Days on Market 81
Median Days on Market 63
Price Decreased 63%
Price Increased 2%
Relisted 6%
Inventory 94
Median Rent
Market Action 40
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
$450,000 3,320 0.25 - 0.5 acre 4 2.5 9 3 4 84
$345,000 2,356 8,000 - 10,000 sqft 4 2.5 4 2 3 63
$300,000 1,887 6,500 - 8,000 sqft 3 2.5 10 4 3 80
$260,000 1,662 8,000 - 10,000 sqft 3 2 23 2 6 49