Indianapolis, IN 46225 Real Estate Market Report

ZIP Code: 46225
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Indianapolis 46225 are 6.38% compared to the 5.78% average observed earlier in 2026.

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 primary market-value signal is the median sold price 199,900, which indicates recent transaction-level pricing and suggests a market value reference below the current asking baseline in this sample; given the presence of a higher median listing price 225,000, this gap may indicate seller expectations exceeding recent sale outcomes and pricing friction.

2. Liquidity appears slow: the median days on market 329 points to extended marketing periods and slower sales velocity, which may require sellers to consider pricing or condition concessions to accelerate transactions in this neighborhood.

3. Price momentum is soft: the price year-over-year trend is down, while the market temperature is neutral, suggesting a generally balanced market that is nonetheless experiencing downward pressure on sold prices; investors and pricing strategists should incorporate this directional signal when setting offers or list prices.

4. Rental and financing context is mixed: the median market rent 1,295 is trending up (rent up), potentially supporting investor interest in cashflow, but elevated interest-rate pressure and a current rate of 6.38% (versus an earlier 5.78%) represent a headwind for buyer purchasing power and may further dampen demand in the near term.

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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 46225 Real Estate Market Report

ZIP Code: 46225
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

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 Indianapolis 46225 are 6.38% compared to the 5.78% average observed earlier in 2026.

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. 319,900 median sold price is the primary indicator of market value and recent transaction activity in 46225, and the market shows down year-over-year price pressure despite broader metro appreciation forecasts.

2. 598 median days on market points to slower sales velocity and suggests pricing friction; this extended time on market may indicate that sellers need to be more price-competitive or expect longer marketing periods, with moderate transaction velocity in play.

3. 172 median price per square foot combined with a rent up trend suggests relative pricing context where rental demand is rising even as sale prices soften, offering targeted opportunities for investors who prioritize rent growth while avoiding inferred yield calculations.

4. 6.38% current 30-year fixed mortgage rate (compared to the 5.78% average observed earlier in 2026) occurs alongside a neutral market temperature and elevated interest rate pressure, which may temper buyer urgency and contribute to measured market activity rather than aggressive bidding.

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Notable Properties

The following 3 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.