Indianapolis, IN 46205 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 market value indicator is the median sold price: 198,000, which should be treated as the most reliable recent transaction reference for SFR and condo valuations in this ZIP and used as the baseline for pricing and underwriting decisions; up year-over-year price trend supports using recent solds for valuation.
2. There is a meaningful gap between the median listing price (294,000) and the median sold price (198,000) that suggests pricing friction—sellers may be positioning above realized transaction levels, so list-price strategy should be calibrated to comparable solds to avoid extended exposure.
3. The median days on market is 358, indicating slower sales velocity; paired with a characterization of relatively constrained active supply, this appears to reflect drawn-out negotiations or pricing mismatch rather than rapid turnover, so expect longer marketing periods and incorporate time-based carry costs into offers.
4. Rental and macro signals: the median market rent is 1,450 and rent year-over-year trend is up, while the market temperature is neutral and interest rate pressure is moderate; investors should weigh ongoing rent growth against moderate rate headwinds and favor opportunities where rent upside offsets financing cost sensitivity.

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.