Mitch's Weekly Market Report

Indianapolis, IN 46228

Condos/Townhomes

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


Indianapolis, IN 46228

Mon Dec 15 2025
This week the median list price for Indianapolis, IN 46228 is $191,250 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has increased to 4. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Indianapolis, IN 46228

Mon Dec 15 2025
This week the median list price for Indianapolis, IN 46228 is $191,250 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has increased to 4. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $191,250
Median Price of New Listings $187,500
Per Square Foot $138
Average Days on Market 77
Median Days on Market 70
Price Decreased 75%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 26
Slight Buyer's Advantage

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
$324,000 2,247 8,000 - 10,000 sqft 3 2 41 0 0 63
$195,000 1,352 0 - 4,500 sqft 2 2 54 0 0 77
$187,500 1,410 0 - 4,500 sqft 2 2.5 54 1 0 0
$175,000 1,389 0 - 4,500 sqft 2 2 54 0 0 168