Mitch's Weekly Market Report

Indianapolis, IN 46227

Condos/Townhomes

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


Indianapolis, IN 46227

Fri Apr 17 2026
This week the median list price for Indianapolis, IN 46227 is $137,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 16. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Indianapolis, IN 46227

Fri Apr 17 2026
This week the median list price for Indianapolis, IN 46227 is $137,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 16. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $137,500
Median Price of New Listings $125,000
Per Square Foot $128
Average Days on Market 94
Median Days on Market 53
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 37
Slight Seller's Advantage

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

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
$222,000 1,557 - 2 2.3 28 0 1 45
$161,499 1,194 0 - 4,500 sqft 2 1.8 42 1 0 35
$121,400 1,115 0 - 4,500 sqft 2 1.5 49 0 0 154
$97,450 924 - 2 1 53 1 0 66