Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Thu May 21 2026
This week the median list price for Indianapolis, IN 46240 is $245,000 with the market action index hovering around 36. This is less than last month's market action index of 43. 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 has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Indianapolis, IN 46240

Thu May 21 2026
This week the median list price for Indianapolis, IN 46240 is $245,000 with the market action index hovering around 36. This is less than last month's market action index of 43. 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 has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $245,000
Median Price of New Listings $477,500
Per Square Foot $196
Average Days on Market 30
Median Days on Market 28
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$720,000 3,232 0 - 4,500 sqft 3 3.5 38 1 0 42
$291,000 1,232 4,500 - 6,500 sqft 2 2 36 0 0 24
$237,500 1,438 4,500 - 6,500 sqft 2 2 39 1 0 7
$187,500 890 0 - 4,500 sqft 2 1 41 0 0 49