Mitch's Weekly Market Report
Indianapolis, IN 46240
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46240
Mon Oct 05 2026
This week the median list price for Indianapolis, IN 46240 is $230,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $230,000 | |
| Median Price of New Listings | $281,950 | |
| Per Square Foot | $195 | |
| Average Days on Market | 96 | |
| Median Days on Market | 70 | |
| Price Decreased | 64% | |
| Price Increased | 7% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $592,500 | 2,393 | 0 - 4,500 sqft | 3 | 2.5 | 37 | 1 | 0 | 98 |
| $250,000 | 1,302 | 6,500 - 8,000 sqft | 2 | 2 | 38 | 1 | 0 | 63 |
| $215,000 | 1,408 | 4,500 - 6,500 sqft | 2 | 2 | 37 | 0 | 0 | 70 |
| $200,000 | 1,024 | 4,500 - 6,500 sqft | 1 | 2 | 41 | 0 | 0 | 63 |