Mitch's Weekly Market Report

Indianapolis, IN 46231

Single-Family Homes

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


Indianapolis, IN 46231

Wed Apr 08 2026
This week the median list price for Indianapolis, IN 46231 is $249,500 with the market action index hovering around 48. This is an increase over last month's market action index of 41. Inventory has increased to 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Indianapolis, IN 46231

Wed Apr 08 2026
This week the median list price for Indianapolis, IN 46231 is $249,500 with the market action index hovering around 48. This is an increase over last month's market action index of 41. Inventory has increased to 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $249,500
Median Price of New Listings $250,000
Per Square Foot $144
Average Days on Market 96
Median Days on Market 28
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent
Market Action 48
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$400,000 3,333 8,000 - 10,000 sqft 4 3 22 1 2 140
$269,750 1,611 6,500 - 8,000 sqft 2 2.8 23 2 0 10
$247,500 1,440 6,500 - 8,000 sqft 3 2 46 1 0 28
$195,950 892 0.25 - 0.5 acre 2 1 75 1 0 136