Mitch's Weekly Market Report
Indianapolis, IN 46228
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46228
Wed Jul 08 2026
This week the median list price for Indianapolis, IN 46228 is $299,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has increased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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.
Real-Time Market Profile
| Median List Price | $299,000 | |
| Median Price of New Listings | $250,000 | |
| Per Square Foot | $165 | |
| Average Days on Market | 66 | |
| Median Days on Market | 49 | |
| Price Decreased | 55% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hover around their high point. Look for a persistent shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $762,499 | 4,517 | 0.5 - 1 acre | 4 | 3.8 | 38 | 0 | 0 | 49 |
| $322,500 | 1,996 | 0.25 - 0.5 acre | 4 | 2.5 | 33 | 1 | 0 | 45 |
| $277,400 | 1,582 | 0.25 - 0.5 acre | 3 | 2 | 50 | 0 | 1 | 91 |
| $248,000 | 1,612 | 0.25 - 0.5 acre | 3 | 2 | 49 | 2 | 1 | 7 |