Indianapolis, IN Home Values & Market Trends
Real estate market trends reflect that there have been 27,253 transactions over the past year in Indianapolis. The median value for residential home transactions that occurred over the previous year is $228,606.6. The number of current listings in Indianapolis is 345, and the percentage of properties for sale in the city is 345.00%. Indianapolis, IN currently has 930 properties in foreclosure, 85 bank owned properties, 112 properties headed for auction, and 345 properties for sale.
Indianapolis, IN Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 46239 | $ 300,640 $ 145/sqft | 46234 | $ 298,393 $ 143/sqft |
| 46239 | $ 300,640 $ 145/sqft | 46202 | $ 342,400 $ 210/sqft |
| 46221 | $ 228,490 $ 160/sqft | 46222 | $ 152,450 $ 112/sqft |
| 46221 | $ 228,490 $ 160/sqft | 46241 | $ 138,339 $ 125/sqft |
| 46203 | $ 263,750 $ 165/sqft | 46236 | $ 295,165 $ 178/sqft |
| 46203 | $ 263,750 $ 165/sqft | 46224 | $ 212,286 $ 166/sqft |
| 46227 | $ 233,500 $ 153/sqft | 46234 | $ 298,393 $ 143/sqft |
| 46226 | $ 190,500 $ 130/sqft | 46202 | $ 342,400 $ 210/sqft |
| 46227 | $ 233,500 $ 153/sqft | 46218 | $ 90,000 $ 125/sqft |
| 46226 | $ 190,500 $ 130/sqft | 46259 | $ 629,900 $ 131/sqft |
| 46229 | $ 233,000 $ 146/sqft | 46218 | $ 90,000 $ 125/sqft |
| 46237 | $ 256,589 $ 147/sqft | 46259 | $ 629,900 $ 131/sqft |
| 46229 | $ 233,000 $ 146/sqft | 46219 | $ 184,500 $ 169/sqft |
| 46237 | $ 256,589 $ 147/sqft | 46219 | $ 184,500 $ 169/sqft |
| 46201 | $ 177,170 $ 130/sqft | 46278 | $ 440,500 $ 108/sqft |
| 46254 | $ 230,686 $ 150/sqft | 46228 | $ 220,000 $ 146/sqft |
| 46217 | $ 245,686 $ 154/sqft | 46214 | $ 263,000 $ 130/sqft |
| 46201 | $ 177,170 $ 130/sqft | 46278 | $ 440,500 $ 108/sqft |
| 46254 | $ 230,686 $ 150/sqft | 46228 | $ 220,000 $ 146/sqft |
| 46217 | $ 245,686 $ 154/sqft | 46214 | $ 263,000 $ 130/sqft |
| 46268 | $ 236,319 $ 130/sqft | 46250 | $ 300,102 $ 123/sqft |
| 46268 | $ 236,319 $ 130/sqft | 46250 | $ 300,102 $ 123/sqft |
| 46235 | $ 194,769 $ 133/sqft | 46260 | $ 260,931 $ 141/sqft |
| 46235 | $ 194,769 $ 133/sqft | 46260 | $ 260,931 $ 141/sqft |
| 46208 | $ 277,475 $ 176/sqft | 46240 | $ 369,567 $ 192/sqft |
| 46208 | $ 277,475 $ 176/sqft | 46231 | $ 273,125 $ 159/sqft |
| 46220 | $ 362,200 $ 202/sqft | 46240 | $ 369,567 $ 192/sqft |
| 46225 | $ 241,928 $ 115/sqft | 46231 | $ 273,125 $ 159/sqft |
| 46220 | $ 362,200 $ 202/sqft | 46280 | $ 682,312 $ 202/sqft |
| 46225 | $ 241,928 $ 115/sqft | 46204 | $ 750,000 $ 380/sqft |
| 46256 | $ 310,000 $ 177/sqft | 46280 | $ 682,312 $ 202/sqft |
| 46205 | $ 265,900 $ 156/sqft | 46204 | $ 750,000 $ 380/sqft |
| 46256 | $ 310,000 $ 177/sqft | 46290 | $ -- $ -- |
| 46205 | $ 265,900 $ 156/sqft | 46216 | $ -- $ -- |
| 46222 | $ 152,450 $ 112/sqft | 46249 | $ -- $ -- |
| 46241 | $ 138,339 $ 125/sqft | 46290 | $ -- $ -- |
| 46236 | $ 295,165 $ 178/sqft | 46216 | $ -- $ -- |
| 46224 | $ 212,286 $ 166/sqft | 46249 | $ -- $ -- |
Housing Market Summary for Indianapolis, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $229.7K | $209.3K | -8.91% |
| Median Sold Price | $215K | $209.3K | -2.67% |
| Homes For Sale | 433 | 349 | -19.40% |
| Homes Sold | 7,887 | 8,363 | 6.04% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Indianapolis, IN
Browse Homes in Indianapolis, IN
Indianapolis home values range from $18,515 to $28,502,877. The median estimated value of a home in Indianapolis is $228,606.6. The median list price of a home is 238,000, and the total count of properties in the city is 291,064.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in Indianapolis, IN with 46218 containing 44 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 76 zips within Indianapolis, IN; of those zips, the estimated home value for pre-foreclosure homes ranges from $294,580 in 46228 to the lowest home value of $36,565 in 46205.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Indianapolis, IN ranges from the highest value of $391,840 in 46278 to the lowest value of $49,900 in 46201. Bank owned homes and properties account for 0.03% of properties in Indianapolis, IN. There are 76 zips within Indianapolis, IN; 46201 containing 29 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions46219 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Indianapolis, IN. Auction homes and other auction properties account for 0.04% of all properties in Indianapolis, IN. There are 76 zips within Indianapolis, IN; of those zips, the median estimated home value for homes going to auction ranges from $243,669 in 46259 to the lowest value of $64,464 in 46259.
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More Real Estate Resources for Indianapolis, IN
Guide for Indianapolis, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
