Indianapolis, IN 46218 Real Estate Market Report

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

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Executive Overview

As of March 2026, the real estate market in Indianapolis, IN (ZIP: 46218) is characterized by a median sold price of $111,000, reflecting a cooling trend in buyer activity. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. Elevated inventory levels suggest a market that is experiencing excess supply relative to sales activity, which may contribute to the downward pressure on prices.

The median days on market stands at 220 days, signaling a slower sales velocity and a potential mismatch between seller expectations and buyer demand. With the median listing price at $137,400, there exists a notable gap between what sellers are asking and what buyers are willing to pay, further emphasizing the current market's challenges. Overall, the market temperature is classified as cold, driven by elevated interest rate pressure and a general decline in both property and rent values.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 6.57% are slightly lower than the early 2026 average of 6.85%, presenting a minor 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 $111,000 reflects a down trend in property values, decreasing 8% since 2022.

2. With a median days on market of 220 days, the market exhibits slower sales velocity, indicating potential pricing friction.

3. The median listing price of $137,400 suggests a significant gap between seller expectations and buyer willingness, contributing to market challenges.

4. Elevated inventory levels indicate excess supply relative to sales activity, impacting overall market liquidity.

5. The median market rent of $1,397 is also down, which may reflect broader economic pressures in the area.

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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.