Indianapolis, IN 46217 Real Estate Market Report

ZIP Code: 46217
Report Date: February 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, IN (ZIP: 46217) is currently $260,000, reflecting a stable market environment. This price indicates a balanced market with potential for modest appreciation, as the overall market temperature is classified as neutral. The market has shown an upward trend in prices year-over-year, suggesting a gradual recovery following previous declines.

Transaction activity appears moderate, with 197 days as the median days on market, indicating slower sales velocity. The elevated inventory levels relative to sales activity may suggest a cautious approach from buyers, while sellers may need to adjust expectations to align with current market dynamics. The median listing price stands at $287,000, creating a notable gap between asking and sold prices, which could lead to pricing friction in negotiations.

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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 the Indianapolis market at 6.01% are 0.84% lower than the 6.85% average recorded a year ago in February 2025.

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. The median sold price of $260,000 indicates a stable market environment with potential for modest appreciation.

2. With 197 days as the median days on market, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price of $287,000 reflects a significant gap from the sold price, suggesting pricing friction in negotiations.

4. Inventory levels are elevated, indicating excess supply relative to sales activity, which may pressure sellers to adjust pricing strategies.

5. The median market rent is $1,560, showing a positive trend in rental growth, although it is decelerating compared to prior years.

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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.