Indianapolis, IN 46202 Real Estate Market Report

ZIP Code: 46202
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Indianapolis, IN (ZIP: 46202) stands at $471,500, reflecting a stable market environment. This price indicates a modest appreciation trend, as the neighborhood has increased up since the previous year. The market is characterized by a neutral temperature, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

Transaction activity is currently marked by elevated inventory levels, with a notable 262 days on the market for properties. This extended duration may indicate slower sales velocity, as buyers take their time in decision-making amidst a landscape of increased supply. The median listing price of $465,000 suggests that sellers are adjusting their expectations to align with market realities, although there remains a slight gap between listing and sold prices that could create pricing friction in negotiations.

---

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.

---

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.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

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 46202 average around 5.86% to 6.38%, which is notably lower than the 6.87% average seen one year prior.

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

---

Key Findings

1. The median sold price of $471,500 indicates a stable appreciation trend in the market, reflecting positive buyer sentiment.

2. With 262 days on market, properties are experiencing slower sales velocity, suggesting a cautious buyer approach amidst elevated inventory levels.

3. The median listing price of $465,000 shows a slight gap from the sold price, which may create pricing friction during negotiations.

4. The median market rent of $1,760 is also on the rise, indicating a strengthening rental market that could attract investor interest.

5. Current mortgage rates averaging between 5.86% and 6.38% are notably lower than last year, contributing to low interest rate pressure and potentially encouraging buyer activity.

---

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.