Mitch's Weekly Market Report

Indianapolis, IN 46221

Single-Family Homes

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


Indianapolis, IN 46221

Wed Aug 19 2026
This week the median list price for Indianapolis, IN 46221 is $229,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 73. 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 46221

Wed Aug 19 2026
This week the median list price for Indianapolis, IN 46221 is $229,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 73. 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 $229,900
Median Price of New Listings $273,500
Per Square Foot $151
Average Days on Market 66
Median Days on Market 35
Price Decreased 56%
Price Increased 3%
Relisted 4%
Inventory 73
Median Rent
Market Action 43
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
$347,900 2,242 0.25 - 0.5 acre 4 2.5 23 1 2 35
$252,000 1,587 0.25 - 0.5 acre 3 2 50 1 1 35
$189,949 1,206 8,000 - 10,000 sqft 3 1 70 0 3 38
$124,950 906 4,500 - 6,500 sqft 2 1 97 0 3 63