Indianapolis, IN 46201 Real Estate Market Report

ZIP Code: 46201
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Indianapolis (46201) is currently $146,950, reflecting a recent market adjustment. This price indicates a slight decrease in the overall market sentiment, aligning with the year-over-year trend which is noted as down. Despite this, the market temperature remains neutral, suggesting a balance between buyer demand and available inventory. The elevated median days on market, recorded at 324 days, may indicate slower sales velocity, which could be a factor in the current pricing dynamics.

While the median listing price stands at $160,000, the gap between listing and sold prices suggests some pricing friction, as sellers may need to adjust expectations to align with buyer sentiment. The overall inventory conditions show elevated levels, which may contribute to the moderated sales activity observed in the area. Economic conditions in Indianapolis continue to support market stability, but the current trends warrant close monitoring for potential shifts in buyer behavior and pricing strategies.

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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

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Indianapolis, IN are averaging 6.38%, an increase of 0.16% from last week's average of 6.22%.

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. $146,950 is the median sold price, indicating a recent market adjustment with a down trend in pricing.

2. The median days on market is 324 days, suggesting slower sales velocity and potential pricing friction.

3. Elevated inventory levels are present, which may contribute to the moderated sales activity in the market.

4. The median listing price of $160,000 reflects seller expectations that may need adjustment to align with buyer sentiment.

5. The market temperature remains neutral, indicating a balance between buyer demand and available supply.

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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.