Mitch's Weekly Market Report

Indianapolis, IN 46220

Condos/Townhomes

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


Indianapolis, IN 46220

Sat May 23 2026
This week the median list price for Indianapolis, IN 46220 is $314,950 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 10. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Indianapolis, IN 46220

Sat May 23 2026
This week the median list price for Indianapolis, IN 46220 is $314,950 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 10. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $314,950
Median Price of New Listings $260,000
Per Square Foot $196
Average Days on Market 69
Median Days on Market 35
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 37
Slight Seller's Advantage

While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. 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
$582,000 2,502 0 - 4,500 sqft 3 2.5 24 0 1 42
$347,450 1,946 0 - 4,500 sqft 2 2 21 0 0 17
$284,000 1,886 0 - 4,500 sqft 3 2.5 30 1 0 28
$222,450 933 0 - 4,500 sqft 1 1 56 0 0 154