Mitch's Weekly Market Report
Indianapolis, IN 46240
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46240
Sun Jul 05 2026
This week the median list price for Indianapolis, IN 46240 is $367,500 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 36.
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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $367,500 | |
| Median Price of New Listings | $387,450 | |
| Per Square Foot | $211 | |
| Average Days on Market | 57 | |
| Median Days on Market | 42 | |
| Price Decreased | 47% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 36 | |
| Median Rent | ||
| Market Action | 43 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $899,900 | 3,450 | 0.5 - 1 acre | 4 | 3 | 69 | 1 | 1 | 56 |
| $434,990 | 2,288 | 0.5 - 1 acre | 3 | 2.5 | 67 | 1 | 3 | 42 |
| $320,000 | 1,508 | 0.25 - 0.5 acre | 3 | 2 | 66 | 1 | 1 | 14 |
| $269,900 | 1,410 | 6,500 - 8,000 sqft | 2 | 1 | 72 | 1 | 0 | 49 |