Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Sun Jul 05 2026
This week the median list price for Indianapolis, IN 46240 is $245,000 with the market action index hovering around 34. This is less than last month's market action index of 39. Inventory has increased to 10. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Indianapolis, IN 46240

Sun Jul 05 2026
This week the median list price for Indianapolis, IN 46240 is $245,000 with the market action index hovering around 34. This is less than last month's market action index of 39. Inventory has increased to 10. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $245,000
Median Price of New Listings $215,000
Per Square Foot $191
Average Days on Market 71
Median Days on Market 60
Price Decreased 70%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$535,000 2,484 4,500 - 6,500 sqft 3 2.5 34 0 0 112
$282,450 1,526 0 - 4,500 sqft 1 2.3 44 0 0 77
$230,000 1,440 4,500 - 6,500 sqft 2 2 38 0 0 49
$192,450 1,153 4,500 - 6,500 sqft 2 1.5 39 1 0 42