Mitch's Weekly Market Report
Indianapolis, IN 46227
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46227
Sat Sep 12 2026
This week the median list price for Indianapolis, IN 46227 is $127,450 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $127,450 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $120 | |
| Average Days on Market | 82 | |
| Median Days on Market | 56 | |
| Price Decreased | 64% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $232,500 | 1,547 | 0 - 4,500 sqft | 2 | 2 | 27 | 0 | 0 | 28 |
| $143,000 | 1,088 | - | 2 | 1.5 | 53 | 0 | 1 | 56 |
| $112,450 | 1,058 | - | 3 | 2 | 49 | 0 | 0 | 80 |
| $95,000 | 966 | - | 2 | 1.5 | 53 | 0 | 2 | 56 |