Mitch's Weekly Market Report

Indianapolis, IN 46229

Condos/Townhomes

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Indianapolis, IN 46229

Thu Dec 11 2025
This week the median list price for Indianapolis, IN 46229 is $196,800 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 14. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Indianapolis, IN 46229

Thu Dec 11 2025
This week the median list price for Indianapolis, IN 46229 is $196,800 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 14. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $196,800
Median Price of New Listings $102,500
Per Square Foot $133
Average Days on Market 101
Median Days on Market 60
Price Decreased 64%
Price Increased 7%
Relisted 0%
Inventory 14
Median Rent
Market Action 39
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 1 182
$229,518 1,727 0 - 4,500 sqft 3 2.5 0 0 0 49
$174,749 1,323 0 - 4,500 sqft 2 2 22 0 0 28
$90,000 1,012 - 2 1.5 48 2 0 0