Mitch's Weekly Market Report

Indianapolis, IN 46228

Single-Family Homes

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


Indianapolis, IN 46228

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46228 is $285,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 20. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Indianapolis, IN 46228

Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46228 is $285,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 20. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $285,000
Median Price of New Listings $277,495
Per Square Foot $153
Average Days on Market 63
Median Days on Market 32
Price Decreased 35%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent
Market Action 41
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$375,000 2,750 0.5 - 1 acre 4 2.5 67 0 1 7
$300,000 1,656 0.25 - 0.5 acre 3 2 63 2 1 14
$265,000 2,078 0.25 - 0.5 acre 3 2.5 65 2 1 7
$220,000 1,431 0.25 - 0.5 acre 3 2 80 0 0 77