Indianapolis, IN 46202 Real Estate Market Report

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

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

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary indicator of recent transaction activity is the median sold price, which is 196,600, signaling the representative recent sale level for SFR and condominium properties in the 46202 area and should be prioritized over asking prices when valuing comparable assets; up price momentum supports this focus.
2. There is a notable spread between the median listing price and the median sold price—384,900 (median listing price) versus 196,600 (median sold price)—which may indicate pricing friction or elevated seller expectations relative to completed transactions; market participants should price competitively against the median sold price to improve sale likelihood.
3. Liquidity appears slow based on the 948 median days on market, which suggests extended marketing periods and slower sales velocity; this duration may require concessions or targeted marketing to accelerate transactions in current conditions.
4. Rents and price intensity show mixed signals: 1,254 (median market rent) is rising alongside an increase in rents year-over-year (up), while the 196 median price per square foot provides a consistent unit-price benchmark; with market temperature neutral (neutral) and elevated interest rate pressure, underwriting should stress-test affordability and rental cover for investment decisions.

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.