$140,000
311 S Boehning St
Indianapolis, IN
3 bd1 ba794 sqft$176/ft²
House23,958 sqft lot
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Sarah Mitchell
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Compass Real Estate · Indianapolis, IN
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Indianapolis, IN(512) 555-0184TX License #0512847
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Indianapolis, IN Housing Market
Seller's market-1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Indianapolis, IN is worth $230,020, fell 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $260,000, +2.0% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 19 days, Indianapolis is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $230,020 home is about $1,228/mo in principal and interest.
Key numbers for Indianapolis, IN
Typical home value
$230,020
-1.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,389/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$260,000
+2.0% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
2,642
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Indianapolis a buyer's or seller's market?
Seller's market2.3 months of supply19 days on market98.3% of asking
Indianapolis, IN is a seller's market, based on 2.3 months of supply and homes selling in about 19 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Indianapolis housing market data show?
Every row below is Redfin's final published month for Indianapolis, IN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $269,900 |
| Year-over-year price change | +2.0% |
| Median price per sq ft | $145/sq ft |
| Median days on market | 19 days |
| Active inventory | 2,642 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 1,169 |
| New listings (that month) | 1,445 |
| Listings with a price cut | 43.2% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Indianapolis is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Indianapolis is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Indianapolis home prices moved?
Over the last three years the median sale price in Indianapolis, IN rose 6.1%, from $245,000 to $260,000. The live Zillow value series has fell 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 43.2% of Indianapolis listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 98.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Indianapolis?
Priced off the typical home value of $230,020 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $46,004 | $184,016 | $1,228/mo |
| 5% | $11,501 | $218,519 | $1,458/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,228, that implies roughly $52,627 a year before you add taxes and insurance. We do not hold a Census income figure for Indianapolis, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Indianapolis in the next 12 months?
Tell us your timeline. We send the Indianapolis market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Indianapolis?
Typical asking rent in Indianapolis, IN is $1,389/mo, against a typical home value of $230,020. That is a price-to-rent ratio of 13.8x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,228 a month — $161 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Indianapolis?
Active listings in Indianapolis, IN went from 2,583 in May 2025 to 2,642 in May 2026, a +2.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 2,812 | 1,403 |
| July 2025 | 2,856 | 1,321 |
| August 2025 | 2,941 | 1,333 |
| September 2025 | 3,072 | 1,306 |
| October 2025 | 3,234 | 1,300 |
| November 2025 | 3,022 | 874 |
| December 2025 | 2,615 | 578 |
| January 2026 | 2,495 | 819 |
| February 2026 | 2,460 | 925 |
| March 2026 | 2,534 | 1,341 |
| April 2026 | 2,735 | 1,622 |
| May 2026 | 2,642 | 1,445 |
Redfin, through May 2026
How does Indianapolis compare to Indiana and the U.S.?
Indianapolis homes sell for $260,000 — 10% below the Indiana median of $287,300. Against the national median of $410,700, Indianapolis runs 37% lower. Year-over-year, Indianapolis moved +2.0% against Indiana's +4.2% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Indianapolis, IN | $260,000 | +2.0% | 19 days |
| Indiana statewide | $287,300 | +4.2% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Indianapolis
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 43.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $230 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $230,020 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Indianapolis listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Indianapolis added 1,445 new listings against 1,169 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Indianapolis varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Indianapolis
There are currently 2,642 homes listed for sale in Indianapolis, Indiana. The median listing price is $270K. Featured listings range from $140,000 to $399,900.
$170,000
7840 Roseway Ct
Indianapolis, IN
3 bd1 ba900 sqft$189/ft²
House10,019 sqft lot
View photos & details
$175,000
5419 Penway Ct
Indianapolis, IN
3 bd1 ba957 sqft$183/ft²
House7,841 sqft lot
View photos & details
$199,900
722 E 23rd St
Indianapolis, IN
2 bd1 ba1,058 sqft$189/ft²
House1,742 sqft lot
View photos & details
$204,999
11639 E 10th St
Indianapolis, IN
3 bd2 ba1,486 sqft$138/ft²
House8,276 sqft lot
View photos & details
$209,000
6245 Linda Ln
Indianapolis, IN
3 bd2 ba1,436 sqft$146/ft²
House24,829 sqft lot
View photos & details
$252,000
6350 Cooper Pointe Dr
Indianapolis, IN
3 bd2 ba1,232 sqft$205/ft²
House8,276 sqft lot
View photos & details
$289,900
1671 Cloister Dr
Indianapolis, IN
2 bd2 ba1,526 sqft$190/ft²
House9,148 sqft lot
View photos & details
$319,000
8607 Longspur Ct
Indianapolis, IN
4 bd3 ba2,020 sqft$158/ft²
House10,454 sqft lot
View photos & details
$360,000
10342 Deercrest Ln
Indianapolis, IN
4 bd3 ba2,464 sqft$146/ft²
House6,970 sqft lot
View photos & details
$374,900
611 N Park Ave Apt 208
Indianapolis, IN
2 bd2 ba1,230 sqft$305/ft²
Condo
View photos & details
$399,900
1852 Singleton St
Indianapolis, IN
4 bd3 ba2,492 sqft$160/ft²
House5,227 sqft lot
View photos & details
Looking to buy in Indianapolis?
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Active listings
2,642
Homes on market
Median list price
$270K
Avg. days on market
19
Days until sale
New this week
1,445
Newly listed
Price drops:43.2%of listings
Sale-to-list:98.3%
How much do homes cost in Indianapolis by property type?
How the Indianapolis, IN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $265,000 | $146/sq ft | 1,036 | 18 days |
| Condo / co-op | $200,400 | $145/sq ft | 81 | 51 days |
| Townhouse | $325,000 | $164/sq ft | 7 | 29 days |
Which public schools serve Indianapolis?
50 schools tracked · 75,551 students
The largest public schools serving Indianapolis, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Indiana Connections Academy
Grades K-12 · 5,475 students
North Central High School
Grades 9-12 · 3,616 students
Warren Central High School
Grades 9-12 · 3,398 students
Franklin Central High School
Grades 9-12 · 3,381 students
Ben Davis High School
Grades 10-12 · 3,274 students
Pike High School
Grades 9-12 · 3,193 students
Lawrence North High School
Grades 9-12 · 2,832 students
Arsenal Technical High School
Grades 9-12 · 2,524 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Indianapolis, IN?
Ordered by distance from Indianapolis, not by size. Compare Indianapolis side by side with any of them.
Indianapolis housing market FAQ
Is Indianapolis a buyer's or seller's market?
Indianapolis, IN is currently a seller's market. That read comes from 2.3 months of supply, homes going under contract in about 19 days, and sellers getting 98.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Indianapolis?
The typical home in Indianapolis, IN is worth $230,020 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $260,000, about $145 per square foot.
Is Indianapolis cheaper than the rest of Indiana?
Indianapolis's median sale price of $260,000 is 10% lower than the Indiana statewide median of $287,300, and 37% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Indianapolis?
Homes in Indianapolis, IN spent a median of 19 days on market before going under contract, versus 26 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Indianapolis?
At the current 30-year fixed rate of 7.03%, 20% down on a $230,020 home is about $1,228 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $52,627 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Indianapolis?
The typical home value in Indianapolis, IN fell 1.5% over the last 12 months, from $233,615 to $230,020 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Indianapolis?
Indianapolis ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Indianapolis?
That depends on your timeline, not on a headline. What the data says today: Indianapolis, IN is a seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.8x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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