Mitch's Weekly Market Report

Indianapolis, IN 46227

Condos/Townhomes

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


Indianapolis, IN 46227

Sun Mar 16 2025
This week the median list price for Indianapolis, IN 46227 is $147,500 with the market action index hovering around 45. This is less than last month's market action index of 46. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Indianapolis, IN 46227

Sun Mar 16 2025
This week the median list price for Indianapolis, IN 46227 is $147,500 with the market action index hovering around 45. This is less than last month's market action index of 46. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $147,500
Median Price of New Listings $162,500
Per Square Foot $134
Average Days on Market 56
Median Days on Market 42
Price Decreased 45%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 45
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$225,000 1,124 4,500 - 6,500 sqft 2 2 28 0 0 42
$155,000 920 0 - 4,500 sqft 2 1 41 2 0 42
$125,000 1,020 0 - 4,500 sqft 2 1.5 52 0 0 28
$107,500 975 0 - 4,500 sqft 2 1 52 0 1 42