Mitch's Weekly Market Report

Indianapolis, IN 46220

Condos/Townhomes

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


Indianapolis, IN 46220

Tue Apr 15 2025
This week the median list price for Indianapolis, IN 46220 is $339,450 with the market action index hovering around 45. This is an increase over last month's market action index of 37. Inventory has decreased to 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Indianapolis, IN 46220

Tue Apr 15 2025
This week the median list price for Indianapolis, IN 46220 is $339,450 with the market action index hovering around 45. This is an increase over last month's market action index of 37. Inventory has decreased to 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $339,450
Median Price of New Listings $199,000
Per Square Foot $195
Average Days on Market 61
Median Days on Market 49
Price Decreased 33%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$469,900 1,810 0 - 4,500 sqft 3 2.5 41 0 1 7
$369,000 1,946 0 - 4,500 sqft 2 2 20 0 0 196
$339,450 1,946 0 - 4,500 sqft 2 2 20 0 0 49
$221,950 942 0 - 4,500 sqft 1 1.3 61 1 1 31