Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Fri Aug 01 2025
This week the median list price for Indianapolis, IN 46240 is $277,000 with the market action index hovering around 54. This is less than last month's market action index of 63. Inventory has decreased 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Indianapolis, IN 46240

Fri Aug 01 2025
This week the median list price for Indianapolis, IN 46240 is $277,000 with the market action index hovering around 54. This is less than last month's market action index of 63. Inventory has decreased 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $277,000
Median Price of New Listings $0
Per Square Foot $181
Average Days on Market 60
Median Days on Market 28
Price Decreased 40%
Price Increased 20%
Relisted 0%
Inventory 10
Median Rent
Market Action 54
Strong Seller's Market

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
$349,000 2,027 0 - 4,500 sqft 2 2.5 39 0 1 77
$279,500 1,512 4,500 - 6,500 sqft 2 2 40 0 0 17
$260,000 1,428 4,500 - 6,500 sqft 2 2 40 0 0 28
$196,250 930 0 - 4,500 sqft 2 1.5 39 0 0 28