Indianapolis, IN 46222 Real Estate Market Report

ZIP Code: 46222
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Key Findings

1. The primary market value indicator, median sold price, is 138,000, which represents the most reliable signal of recent transaction activity in the neighborhood and should guide pricing and valuation decisions rather than asking prices; use sold comps when setting offer or list strategies.

2. There is a notable spread between the median listing price (154,900) and the median sold price (138,000), which may indicate pricing friction and seller expectations above realized transaction levels; this gap suggests room for negotiation and buyer leverage if comparable condition and location factors align.

3. Liquidity appears slow: the median days on market is 288, consistent with a market that shows slower sales velocity and extended time to transact; longer marketing periods may require pricing clarity or targeted marketing to avoid extended holding costs.

4. Market-level indicators show price year-over-year trend is up, market temperature is neutral, and interest rate pressure is moderate; combined with a median market rent of 1,150 and a median price per square foot of 128, this suggests stable to modest appreciation with balanced conditions where careful pricing and financing considerations will be important.

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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.

Indianapolis, IN 46222 Real Estate Market Report

ZIP Code: 46222
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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.

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Key Findings

1. The neighborhood's primary indicator of market value is the 149,900 median sold price, based on a recent sample of transactions (19 analyzed), which represents the most reliable signal of what buyers are actually paying and should guide pricing and underwriting decisions. representative recent sale

2. Pricing per area shows a 125 median price per square foot, which aligns with the measured median sold price and suggests limited divergence between unit pricing and transaction values; this parity may reduce pricing friction when positioning listings. consistent unit pricing

3. Rental context is supportive but stabilizing: the 625 median market rent is rising alongside rent year-over-year trend up, indicating ongoing demand for rental product although rent growth appears steady rather than accelerating. up

4. Market balance signals are cautious: the market temperature is neutral while the price year-over-year trend is up and interest rate pressure is moderate, which combined suggests a balanced, slightly buyer-accommodating environment where sellers should price competitively and buyers have incremental negotiating leverage. moderate interest rate pressure

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Notable Properties

The following 7 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.