Mitch's Weekly Market Report

Indianapolis, IN 46227

Condos/Townhomes

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


Indianapolis, IN 46227

Sun Jun 14 2026
This week the median list price for Indianapolis, IN 46227 is $124,200 with the market action index hovering around 38. This is an increase over last month's market action index of 37. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Indianapolis, IN 46227

Sun Jun 14 2026
This week the median list price for Indianapolis, IN 46227 is $124,200 with the market action index hovering around 38. This is an increase over last month's market action index of 37. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $124,200
Median Price of New Listings $110,000
Per Square Foot $119
Average Days on Market 97
Median Days on Market 70
Price Decreased 55%
Price Increased 5%
Relisted 5%
Inventory 20
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$215,000 1,558 - 2 2.5 29 0 0 105
$140,000 1,180 0 - 4,500 sqft 2 1 42 0 2 63
$110,000 966 - 2 2 48 1 0 56
$90,000 968 - 2 1.5 53 0 0 84