Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46240 is $274,900 with the market action index hovering around 42. This is about the same as last month's market action index of 42. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Indianapolis, IN 46240

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46240 is $274,900 with the market action index hovering around 42. This is about the same as last month's market action index of 42. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $274,900
Median Price of New Listings $189,000
Per Square Foot $178
Average Days on Market 50
Median Days on Market 32
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 42
Slight Seller's Advantage

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$422,500 1,864 0 - 4,500 sqft 2 2 38 0 0 49
$349,000 2,027 0 - 4,500 sqft 1 2.5 45 0 0 147
$274,900 1,767 0 - 4,500 sqft 2 2.3 40 0 1 49
$189,450 1,001 6,500 - 8,000 sqft 2 1.5 40 1 0 3