Mitch's Weekly Market Report

Indianapolis, IN 46228

Condos/Townhomes

ToHelpUMove Inc.| 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

Thu Apr 24 2025
This week the median list price for Indianapolis, IN 46228 is $229,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Indianapolis, IN 46228

Thu Apr 24 2025
This week the median list price for Indianapolis, IN 46228 is $229,000 with the market action index hovering around 66. This is an increase over last month's market action index of 59. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $229,000
Median Price of New Listings $229,000
Per Square Foot $150
Average Days on Market 91
Median Days on Market 14
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 66
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$264,900 2,724 4,500 - 6,500 sqft 4 3.5 54 0 0 259
$229,000 1,362 0 - 4,500 sqft 2 2 53 1 0 0
$205,000 1,362 0 - 4,500 sqft 2 2 54 0 0 14