Mitch's Weekly Market Report

Indianapolis, IN 46240

Condos/Townhomes

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


Indianapolis, IN 46240

Wed Aug 19 2026
This week the median list price for Indianapolis, IN 46240 is $235,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has increased to 15. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Indianapolis, IN 46240

Wed Aug 19 2026
This week the median list price for Indianapolis, IN 46240 is $235,000 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has increased to 15. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $235,000
Median Price of New Listings $254,950
Per Square Foot $190
Average Days on Market 73
Median Days on Market 42
Price Decreased 73%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$630,000 2,528 0 - 4,500 sqft 3 2.5 35 0 1 112
$262,450 1,378 4,500 - 6,500 sqft 2 2 40 1 0 21
$219,995 1,408 4,500 - 6,500 sqft 2 2 38 1 1 28
$199,000 1,024 4,500 - 6,500 sqft 2 2 40 0 0 112