Mitch's Weekly Market Report

Indianapolis, IN 46254

Condos/Townhomes

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


Indianapolis, IN 46254

Sat Aug 01 2026
This week the median list price for Indianapolis, IN 46254 is $199,950 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has increased to 26. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Sat Aug 01 2026
This week the median list price for Indianapolis, IN 46254 is $199,950 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has increased to 26. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $199,950
Median Price of New Listings $185,750
Per Square Foot $152
Average Days on Market 86
Median Days on Market 46
Price Decreased 35%
Price Increased 4%
Relisted 8%
Inventory 26
Median Rent
Market Action 44
Slight Seller's Advantage

We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.

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
$230,000 1,365 4,500 - 6,500 sqft 2 2 41 1 0 35
$210,000 1,211 4,500 - 6,500 sqft 2 1.5 43 0 0 108
$184,900 1,331 - 2 2 23 3 2 7
$142,450 993 0 - 4,500 sqft 2 2 45 0 1 59