Mitch's Weekly Market Report
Indianapolis, IN 46229
Condos/Townhomes
ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46229
Sun Aug 17 2025
This week the median list price for Indianapolis, IN 46229 is $256,520 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has increased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $256,520 | |
| Median Price of New Listings | $170,000 | |
| Per Square Foot | $152 | |
| Average Days on Market | 76 | |
| Median Days on Market | 81 | |
| Price Decreased | 72% | |
| Price Increased | 11% | |
| Relisted | 0% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $281,495 | 1,727 | 0 - 4,500 sqft | 3 | 2.5 | 0 | 0 | 0 | 98 |
| $274,565 | 1,632 | 4,500 - 6,500 sqft | 2 | 2.3 | 0 | 0 | 0 | 87 |
| $189,900 | 1,536 | 0 - 4,500 sqft | 2 | 2 | 26 | 2 | 1 | 42 |
| $116,999 | 1,032 | - | 2 | 1.5 | 46 | 1 | 0 | 52 |