Indianapolis, IN 46222 Real Estate Market Report

ZIP Code: 46222
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Indianapolis 46222 market reflects a median sold price of $144,900, indicating a stable environment for home transactions. The neighborhood has increased up since 2023, suggesting a positive trend in home values. However, with a median listing price of $160,000, there appears to be pricing friction as sellers may have higher expectations compared to recent sales.

Current market conditions show elevated inventory levels relative to sales activity, with a median of 190 days on market. This extended time frame indicates slower sales velocity, which may suggest a need for sellers to adjust their pricing strategies to align more closely with buyer expectations. The overall market temperature remains neutral, reflecting a balance between supply and demand, although specific segments, particularly affordable homes, continue to experience competitive dynamics.

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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 around 6.09% are notably lower than the 6.87% average seen earlier in 2026, presenting a cost-saving opportunity for recent refinancers.

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 stands at $144,900, reflecting a stable market with potential for appreciation.

2. With a median listing price of $160,000, there is notable pricing friction between seller expectations and buyer willingness to pay.

3. The median days on market of 190 indicates slower sales velocity, suggesting a need for strategic pricing adjustments by sellers.

4. Elevated inventory levels relative to sales activity may lead to increased competition among sellers, particularly in the mid-range price segment.

5. Year-over-year rent trends are up, indicating a growing demand for rental properties in the area, which may influence buyer interest in home purchases.

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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.