Indianapolis, IN 46205 Real Estate Market Report

ZIP Code: 46205
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Indianapolis housing market in ZIP code 46205 is currently characterized by a median sold price of $248,800, reflecting a stable market environment. This price point indicates a healthy level of transaction activity, suggesting that properties are selling at prices that align with buyer expectations. The market has seen a year-over-year price trend that is up, indicating a positive trajectory for sellers despite the current conditions of elevated inventory levels.

Transaction activity appears to be moderate, with 309 days as the median days on market, suggesting a slower sales velocity. This extended time frame may indicate a shift towards a more balanced market, where buyers have more options due to increased inventory. The median listing price stands at $269,900, creating a notable pricing gap that could suggest some pricing friction as sellers adjust to market realities. Overall, the market temperature is neutral, indicating a balance between supply and demand, which may provide opportunities for both buyers and sellers.

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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.

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Key Findings

1. The median sold price of $248,800 indicates a stable market with healthy transaction activity.

2. With 309 days as the median days on market, the market is experiencing slower sales velocity, suggesting buyers are taking their time in decision-making.

3. The median listing price of $269,900 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Inventory levels are elevated, creating excess supply relative to sales activity, which may provide buyers with more options.

5. The market temperature is neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage.

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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.