Mitch's Weekly Market Report

Indianapolis, IN 46229

Condos/Townhomes

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


Indianapolis, IN 46229

Mon Jun 16 2025
This week the median list price for Indianapolis, IN 46229 is $284,900 with the market action index hovering around 40. This is less than last month's market action index of 64. Inventory has held steady at or around 13. 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 46229

Mon Jun 16 2025
This week the median list price for Indianapolis, IN 46229 is $284,900 with the market action index hovering around 40. This is less than last month's market action index of 64. Inventory has held steady at or around 13. 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 $284,900
Median Price of New Listings $157,000
Per Square Foot $165
Average Days on Market 45
Median Days on Market 35
Price Decreased 77%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 40
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$294,995 1,760 0 - 4,500 sqft 3 2.5 0 0 0 35
$285,141 1,632 6,500 - 8,000 sqft 2 2 1 0 0 35
$214,900 1,504 6,500 - 8,000 sqft 2 2 27 0 0 21
$144,900 1,124 - 2 2 24 1 0 21