Mitch's Weekly Market Report
Indianapolis, IN 46240
Single-Family Homes
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 $479,990 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 25.
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 begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $479,990 | |
| Median Price of New Listings | $425,000 | |
| Per Square Foot | $247 | |
| Average Days on Market | 101 | |
| Median Days on Market | 77 | |
| Price Decreased | 52% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,161,950 | 3,927 | 1 - 2.5 acres | 5 | 3.3 | 43 | 0 | 0 | 70 |
| $514,945 | 1,990 | 6,500 - 8,000 sqft | 3 | 2.5 | 13 | 0 | 0 | 56 |
| $412,500 | 1,706 | 8,000 - 10,000 sqft | 3 | 2 | 53 | 1 | 1 | 70 |
| $314,900 | 1,765 | 0.25 - 0.5 acre | 3 | 2 | 69 | 0 | 2 | 112 |