Indianapolis, IN 46218 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's median sold price is $103,000, which should be treated as the primary indicator of recent transaction value given the available data and points to a market that is showing downward price movement (down) on a year‑over‑year basis.
2. There is a notable gap between the median listing price of $139,900 and the median sold price of $103,000, which suggests pricing friction where seller expectations may be higher than recent transaction levels and could require price adjustments to accelerate sales.
3. Sales velocity appears slow: the median days on market is 292, which combined with elevated inventory relative to sales activity suggests slower transaction volume and that sellers may need longer marketing periods to reach agreement at or near asking terms.
4. Rental fundamentals remain supportive with a median market rent of $1,150 and rent trends indicated as up; however, elevated interest rate pressure and local mortgage conditions (current 30‑year fixed rates near 6.63%) introduce financing sensitivity that may limit buyer pool participation and influence pricing and refinancing dynamics (elevated).

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.