Mitch's Weekly Market Report

Indianapolis, IN 46229

Single-Family Homes

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


Indianapolis, IN 46229

Sat Jul 11 2026
This week the median list price for Indianapolis, IN 46229 is $245,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 63. 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 conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Indianapolis, IN 46229

Sat Jul 11 2026
This week the median list price for Indianapolis, IN 46229 is $245,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 63. 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 conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $245,000
Median Price of New Listings $240,000
Per Square Foot $147
Average Days on Market 78
Median Days on Market 49
Price Decreased 54%
Price Increased 0%
Relisted 6%
Inventory 63
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. 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
$368,744 2,655 8,000 - 10,000 sqft 4 2.5 2 0 0 91
$278,950 2,007 8,000 - 10,000 sqft 4 2.5 19 1 4 31
$238,750 1,460 8,000 - 10,000 sqft 3 2 38 4 1 28
$205,999 1,200 0.25 - 0.5 acre 3 1.5 58 0 4 42