Mitch's Weekly Market Report

Indianapolis, IN 46229

Condos/Townhomes

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Indianapolis, IN 46229

Sat Dec 06 2025
This week the median list price for Indianapolis, IN 46229 is $205,000 with the market action index hovering around 41. This is less than last month's market action index of 43. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Indianapolis, IN 46229

Sat Dec 06 2025
This week the median list price for Indianapolis, IN 46229 is $205,000 with the market action index hovering around 41. This is less than last month's market action index of 43. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $205,000
Median Price of New Listings $0
Per Square Foot $134
Average Days on Market 109
Median Days on Market 70
Price Decreased 77%
Price Increased 15%
Relisted 0%
Inventory 13
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$244,067 1,669 0 - 4,500 sqft 2 2.3 0 0 0 175
$229,518 1,727 0 - 4,500 sqft 3 2.5 0 0 0 42
$184,499 1,347 0 - 4,500 sqft 2 2 23 0 0 28
$90,000 1,012 - 2 1.5 48 0 0 98