Indianapolis, IN 46201 Real Estate Market Report

ZIP Code: 46201
Report Date: February 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Indianapolis, IN is characterized by a median sold price of $159,900, reflecting actual market transactions and indicating the current value of properties in the area. This price serves as a critical indicator of market activity and liquidity. The market appears to be experiencing elevated inventory levels, with a notable gap between the median listing price of $210,000 and the median sold price, suggesting potential pricing friction and seller expectations that may not align with buyer willingness to pay.

The median days on market stands at 192 days, indicating a slower sales velocity and potentially a cooling market environment. This extended time frame for property sales may suggest that buyers are taking a more cautious approach, leading to a moderate transaction volume. Overall, the market conditions in Indianapolis appear to reflect a balance of supply and demand, albeit with signs of pressure on pricing and sales activity.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Indianapolis, IN around 6.01% are notably lower than the 2026 average of 6.17% seen earlier this year, presenting a cost-saving opportunity for recent refinancers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price is $159,900, indicating a significant gap from the median listing price of $210,000, which may suggest pricing friction in the market.

2. With a median days on market of 192, properties are taking longer to sell, reflecting a slower sales velocity and potentially cautious buyer behavior.

3. The median market rent is $1,231, which may indicate a stable rental demand despite the current sales market conditions being moderate.

4. The property tax rate is 1.19%, which could impact buyer affordability and overall market dynamics, especially in a market showing signs of elevated interest rate pressure.

5. Current mortgage rates around 6.01% are lower than the average of 6.17% earlier this year, presenting a cost-saving opportunity for refinancers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.