Mitch's Weekly Market Report

Indianapolis, IN 46216

Single-Family Homes

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


Indianapolis, IN 46216

Sun May 24 2026
This week the median list price for Indianapolis, IN 46216 is $385,000 with the market action index hovering around 47. This is less than last month's market action index of 62. Inventory has increased to 7. 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 46216

Sun May 24 2026
This week the median list price for Indianapolis, IN 46216 is $385,000 with the market action index hovering around 47. This is less than last month's market action index of 62. Inventory has increased to 7. 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 $385,000
Median Price of New Listings $0
Per Square Foot $172
Average Days on Market 31
Median Days on Market 14
Price Decreased 43%
Price Increased 14%
Relisted 0%
Inventory 7
Median Rent
Market Action 47
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$557,500 3,802 0.25 - 0.5 acre 4 3 64 0 0 10
$387,450 2,379 0 - 4,500 sqft 3 2.5 9 0 0 31
$342,500 1,838 0 - 4,500 sqft 3 2.5 6 0 0 10
$325,000 1,636 0 - 4,500 sqft 3 2.5 4 0 0 112