Indianapolis, IN 46234

Mitch's Weekly Market Report

Indianapolis, IN 46234

Condos/Townhomes

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

Sun May 24 2026
This week the median list price for Indianapolis, IN 46234 is $225,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 9. Click here to stay informed with the Indianapolis market!

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

Slight Seller'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		$225,000
Median Price of New Listings		$209,999
Per Square Foot		$134
Average Days on Market		100
Median Days on Market		42
Price Decreased		78%
Price Increased		0%
Relisted		0%
Inventory		9
Median Rent
Market Action		32
Slight Seller's Advantage

We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly 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
$269,900	1,561	-	2	2	21	0	21
$232,000	1,953	0 - 4,500 sqft	3	2.5	21	0	178
$221,150	1,477	-	2	2.3	32	0	59
$195,499	1,534	0 - 4,500 sqft	2	2	45	1	108

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	DOM
$269,900	1,561	-	2	2	21	0	21
$232,000	1,953	0 - 4,500 sqft	3	2.5	21	0	178
$221,150	1,477	-	2	2.3	32	0	59
$195,499	1,534	0 - 4,500 sqft	2	2	45	1	108

Median Price	Top $269,900	Upper $232,000	Lower $221,150	Bottom $195,499
Sq. Ft.	1,561	1,953	1,477	1,534
Lot Size	-	0 - 4,500 sqft	-	0 - 4,500 sqft
Beds	2	3	2	2
Baths	2	2.5	2.3	2
Age	21	21	32	45
New	0	0	0	1
Absorbed	0	0	0	0
DOM	21	178	59	108

Mitch's Weekly Market Report