Mitch's Weekly Market Report
Indianapolis, IN 46227
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46227
Sat May 23 2026
This week the median list price for Indianapolis, IN 46227 is $270,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 93.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $270,000 | |
| Median Price of New Listings | $250,000 | |
| Per Square Foot | $167 | |
| Average Days on Market | 68 | |
| Median Days on Market | 35 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 93 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
Despite this week’s down tick, the price trend in this zip code remains upward for the last few 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 |
|---|---|---|---|---|---|---|---|---|
| $344,900 | 2,214 | 0.25 - 0.5 acre | 3 | 2 | 67 | 1 | 4 | 28 |
| $279,900 | 1,907 | 0.25 - 0.5 acre | 3 | 2 | 65 | 5 | 3 | 35 |
| $249,900 | 1,359 | 0.25 - 0.5 acre | 3 | 2 | 61 | 4 | 4 | 21 |
| $189,900 | 1,127 | 8,000 - 10,000 sqft | 3 | 1 | 60 | 5 | 1 | 77 |