Mitch's Weekly Market Report
Indianapolis, IN 46227
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46227
Mon Nov 02 2026
This week the median list price for Indianapolis, IN 46227 is $137,400 with the market action index hovering around 28. This is less than last month's market action index of 32. Inventory has increased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
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 | $137,400 | |
| Median Price of New Listings | $155,000 | |
| Per Square Foot | $123 | |
| Average Days on Market | 125 | |
| Median Days on Market | 105 | |
| Price Decreased | 73% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $245,000 | 1,624 | - | 2 | 2 | 29 | 0 | 1 | 63 |
| $152,499 | 1,082 | 0 - 4,500 sqft | 2 | 1.5 | 52 | 1 | 0 | 105 |
| $125,000 | 1,088 | - | 2 | 1.5 | 53 | 0 | 1 | 133 |
| $91,500 | 967 | - | 2 | 1.8 | 53 | 0 | 1 | 115 |