Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Sat Apr 19 2025
This week the median list price for Indianapolis, IN 46240 is $257,500 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Indianapolis, IN 46240

Sat Apr 19 2025
This week the median list price for Indianapolis, IN 46240 is $257,500 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $257,500
Median Price of New Listings $364,500
Per Square Foot $212
Average Days on Market 42
Median Days on Market 14
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$447,000 2,037 0 - 4,500 sqft 2 2.3 43 1 0 7
$313,500 1,728 0 - 4,500 sqft 1 2.3 42 0 0 105
$243,750 1,001 6,500 - 8,000 sqft 2 1.8 40 1 0 24
$183,900 978 6,500 - 8,000 sqft 2 1.5 41 0 0 35