Mitch's Weekly Market Report
Indianapolis, IN 46234
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46234
Sun May 24 2026
This week the median list price for Indianapolis, IN 46234 is $349,900 with the market action index hovering around 62. This is an increase over last month's market action index of 53. Inventory has decreased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $349,900 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $164 | |
| Average Days on Market | 118 | |
| Median Days on Market | 35 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
Despite this week’s down tic, the price trend in this zip code remains upward for several weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.
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 |
|---|---|---|---|---|---|---|---|---|
| $899,950 | 5,016 | 0.5 - 1 acre | 3 | 2.8 | 39 | 0 | 2 | 98 |
| $355,000 | 2,560 | 8,000 - 10,000 sqft | 4 | 2.5 | 24 | 0 | 3 | 63 |
| $292,000 | 1,806 | 0.25 - 0.5 acre | 3 | 2 | 52 | 0 | 0 | 14 |
| $249,900 | 1,440 | 0.25 - 0.5 acre | 3 | 2 | 52 | 0 | 2 | 126 |