Mitch's Weekly Market Report

Indianapolis, IN 46254

Condos/Townhomes

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Indianapolis, IN 46254

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46254 is $168,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 18. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Indianapolis, IN 46254

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46254 is $168,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 18. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $168,500
Median Price of New Listings $0
Per Square Foot $134
Average Days on Market 78
Median Days on Market 70
Price Decreased 56%
Price Increased 6%
Relisted 0%
Inventory 18
Median Rent
Market Action 34
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$229,750 1,361 4,500 - 6,500 sqft 2 2 41 0 0 94
$192,450 1,208 0 - 4,500 sqft 2 1.8 36 0 0 70
$159,900 1,260 0 - 4,500 sqft 2 1.5 29 0 0 49
$145,000 1,188 4,500 - 6,500 sqft 2 1.5 51 0 2 56