Mitch's Weekly Market Report

Indianapolis, IN 46229

Condos/Townhomes

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


Indianapolis, IN 46229

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46229 is $164,900 with the market action index hovering around 28. This is less than last month's market action index of 34. Inventory has held steady at or around 8. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Indianapolis, IN 46229

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46229 is $164,900 with the market action index hovering around 28. This is less than last month's market action index of 34. Inventory has held steady at or around 8. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $164,900
Median Price of New Listings $0
Per Square Foot $132
Average Days on Market 56
Median Days on Market 56
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 28
Slight Buyer's Advantage

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

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
$288,012 1,624 4,500 - 6,500 sqft 2 2 1 0 0 122
$229,913 1,439 4,500 - 6,500 sqft 2 2 12 0 0 38
$147,400 1,347 - 2 2 21 0 0 31
$78,950 1,013 0 - 4,500 sqft 2 1.8 57 0 0 31