Mitch's Weekly Market Report

Indianapolis, IN 46231

Single-Family Homes

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


Indianapolis, IN 46231

Mon Sep 15 2025
This week the median list price for Indianapolis, IN 46231 is $285,000 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has increased to 23. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Indianapolis, IN 46231

Mon Sep 15 2025
This week the median list price for Indianapolis, IN 46231 is $285,000 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has increased to 23. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $285,000
Median Price of New Listings $365,000
Per Square Foot $147
Average Days on Market 58
Median Days on Market 42
Price Decreased 57%
Price Increased 0%
Relisted 9%
Inventory 23
Median Rent
Market Action 44
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$357,500 2,548 8,000 - 10,000 sqft 3 2.5 21 1 0 49
$297,000 2,716 8,000 - 10,000 sqft 3 2.5 21 0 0 24
$267,500 1,704 0.25 - 0.5 acre 3 2.3 44 0 1 35
$219,900 1,214 0.25 - 0.5 acre 3 2 67 0 2 42