Indianapolis, IN 46218 Real Estate Market Report

ZIP Code: 46218
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Indianapolis, IN (ZIP: 46218) is characterized by a median sold price of $121,000, reflecting a localized decline in home values. This downturn suggests that buyers may have gained some negotiating leverage, as the market appears to be adjusting to elevated inventory levels. The median listing price stands at $149,900, indicating a significant gap between seller expectations and current market realities, which may contribute to slower sales activity.

The market is currently experiencing 173 days on market, pointing to a slower sales velocity and a potential for pricing friction. With a neutral market temperature, the overall conditions suggest a balance between supply and demand, although the excess supply relative to sales activity may indicate a need for sellers to adjust their pricing strategies to facilitate transactions. Interest rates remain elevated but are stabilizing, which could stimulate buyer activity in the coming months.

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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

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.

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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 around 5.60% to 6.13% are significantly lower than the 7% rates seen earlier in 2026, presenting a cost opportunity for property owners.

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 $121,000 indicates a localized decline in home values, suggesting down market pressure.

2. With a median listing price of $149,900, there is a notable gap between seller expectations and market realities, which may hinder sales.

3. The median days on market of 173 reflects slower sales velocity and potential pricing friction in the market.

4. The market temperature is currently neutral, indicating a balance between supply and demand despite elevated inventory levels.

5. Interest rates remain elevated, but recent stabilization may provide opportunities for increased buyer activity.

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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.