Mitch's Weekly Market Report

Indianapolis, IN 46228

Single-Family Homes

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


Indianapolis, IN 46228

Sat Aug 22 2026
This week the median list price for Indianapolis, IN 46228 is $319,900 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 28. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Indianapolis, IN 46228

Sat Aug 22 2026
This week the median list price for Indianapolis, IN 46228 is $319,900 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 28. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $319,900
Median Price of New Listings $335,000
Per Square Foot $162
Average Days on Market 90
Median Days on Market 56
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 28
Median Rent
Market Action 41
Slight Seller's Advantage

While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.

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
$999,995 4,536 1 - 2.5 acres 5 4 44 0 1 77
$349,900 2,444 0.25 - 0.5 acre 4 2.5 33 1 0 14
$299,000 1,771 0.25 - 0.5 acre 3 2 36 0 0 105
$234,900 1,534 0.25 - 0.5 acre 3 2 67 0 2 56