Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Mon Nov 03 2025
This week the median list price for Indianapolis, IN 46240 is $255,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 13. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Nov 03 2025
This week the median list price for Indianapolis, IN 46240 is $255,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 13. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $255,000
Median Price of New Listings $279,000
Per Square Foot $190
Average Days on Market 70
Median Days on Market 49
Price Decreased 77%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 39
Slight Seller's Advantage

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
$350,000 1,900 0 - 4,500 sqft 3 2.8 39 0 1 80
$255,000 1,428 0 - 4,500 sqft 2 2 40 1 0 28
$252,500 1,428 4,500 - 6,500 sqft 2 2 40 0 1 84
$186,500 890 6,500 - 8,000 sqft 2 2 41 0 0 28