Mitch's Weekly Market Report

Indianapolis, IN 46228

Condos/Townhomes

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


Current active inventory in Indianapolis, IN 46228 is very low. Keep this in mind when looking at this report.

Indianapolis, IN 46228

Sun May 24 2026
This week the median list price for Indianapolis, IN 46228 is $179,999 with the market action index hovering around 50. This is less than last month's market action index of 70. Inventory has increased to 3. 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.

Strong Seller's Market

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 46228

Sun May 24 2026
This week the median list price for Indianapolis, IN 46228 is $179,999 with the market action index hovering around 50. This is less than last month's market action index of 70. Inventory has increased to 3. 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.

Strong Seller's Market

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 $179,999
Median Price of New Listings $187,000
Per Square Foot $126
Average Days on Market 63
Median Days on Market 28
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 50
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$187,000 1,362 0 - 4,500 sqft 2 2 55 1 0 0
$179,999 0 8,000 - 10,000 sqft 2 2 NaN 0 0 28
$164,000 1,410 0 - 4,500 sqft 2 2.5 55 0 0 161
$0 0 - NaN 0 NaN 0 0 NaN