Mitch's Weekly Market Report

Indianapolis, IN 46254

Condos/Townhomes

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


Indianapolis, IN 46254

Tue Jul 21 2026
This week the median list price for Indianapolis, IN 46254 is $207,450 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 20. 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.

Strong Seller's Market

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Indianapolis, IN 46254

Tue Jul 21 2026
This week the median list price for Indianapolis, IN 46254 is $207,450 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 20. 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.

Strong Seller's Market

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $207,450
Median Price of New Listings $220,000
Per Square Foot $148
Average Days on Market 126
Median Days on Market 81
Price Decreased 40%
Price Increased 10%
Relisted 15%
Inventory 20
Median Rent
Market Action 51
Strong Seller's Market

Despite this week’s down tic, the price trend in this zip code remains upward for several weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.

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 1,549 4,500 - 6,500 sqft 2 2.5 43 1 0 49
$210,000 1,211 4,500 - 6,500 sqft 2 1.5 43 1 0 91
$185,000 1,373 0 - 4,500 sqft 2 1.5 33 0 0 70
$145,000 993 0 - 4,500 sqft 2 2 39 0 0 259