Indianapolis, IN 46228

Mitch's Weekly Market Report

Indianapolis, IN 46228

Condos/Townhomes

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

Wed Jul 08 2026
This week the median list price for Indianapolis, IN 46228 is $169,999 with the market action index hovering around 21. This is less than last month's market action index of 30. Inventory has increased to 5. Click here to stay informed with the Indianapolis market!

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Median List Price		$169,999
Median Price of New Listings		$177,500
Per Square Foot		$120
Average Days on Market		69
Median Days on Market		42
Price Decreased		80%
Price Increased		0%
Relisted		20%
Inventory		5
Median Rent
Market Action		21
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	DOM
$181,250	1,361	0 - 4,500 sqft	2	2	55	1	21
$169,999	1,410	0 - 4,500 sqft	2	2	NaN	0	70
$169,999	1,410	0 - 4,500 sqft	2	2.5	55	0	28
$163,500	1,410	0 - 4,500 sqft	2	2.5	55	0	203

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	DOM
$181,250	1,361	0 - 4,500 sqft	2	2	55	1	21
$169,999	1,410	0 - 4,500 sqft	2	2	NaN	0	70
$169,999	1,410	0 - 4,500 sqft	2	2.5	55	0	28
$163,500	1,410	0 - 4,500 sqft	2	2.5	55	0	203

Median Price	Top $181,250	Upper $169,999	Lower $169,999	Bottom $163,500
Sq. Ft.	1,361	1,410	1,410	1,410
Lot Size	0 - 4,500 sqft	0 - 4,500 sqft	0 - 4,500 sqft	0 - 4,500 sqft
Beds	2	2	2	2
Baths	2	2	2.5	2.5
Age	55	NaN	55	55
New	1	0	0	0
Absorbed	0	0	0	0
DOM	21	70	28	203

Mitch's Weekly Market Report