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

---

Executive Overview

As of February 2026, the real estate market in Indianapolis, IN (ZIP: 46217) shows a median sold price of $262,000, reflecting a stable market despite the ongoing adjustments in the housing landscape. The neighborhood has experienced an upward price trend year-over-year, suggesting a resilient demand in certain segments. However, the substantial gap between the median listing price of $284,950 and the median sold price indicates potential pricing friction, as sellers may need to recalibrate expectations to align with buyer willingness to pay.

Market activity is characterized by elevated inventory levels, with a median days on market of 192 days, indicating slower sales velocity. This extended time frame may suggest a cautious buyer sentiment, particularly in light of the elevated interest rate pressure currently affecting affordability. The overall market temperature is neutral, reflecting a balance between supply and demand, although the excess supply relative to sales activity could lead to further adjustments in pricing strategies.

---

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

---

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 the Indianapolis market average around 6.09% as of February 2026, which is 1.78% lower than the historical average rate of 7.87% for this period.

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 $262,000 indicates a stable market amidst ongoing adjustments.

2. There is a notable $22,950 gap between the median listing price of $284,950 and the median sold price, suggesting potential pricing friction for sellers.

3. With 192 days on market, the sales velocity appears slower, indicating a cautious buyer sentiment in the current market.

4. The market temperature remains neutral, suggesting a balanced state between supply and demand despite elevated inventory levels.

5. Year-over-year trends show that both sold prices and rents are up, reflecting a resilient demand in specific market segments.

---

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.