Indianapolis, IN 46225 Real Estate Market Report

ZIP Code: 46225
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Indianapolis, IN (ZIP: 46225) is characterized by a median sold price of $197,400, reflecting a significant decline in home values. The neighborhood has decreased 8% since 2022, indicating a downward trend in market value. This decline in sold prices, coupled with 415 days on market, suggests a slower sales velocity and indicates that properties are taking longer to sell, which may be a result of elevated inventory levels relative to sales activity.

The overall market appears to be experiencing a cold temperature, with excess supply relative to sales activity. The median listing price stands at $214,500, creating a notable pricing gap that may contribute to buyer hesitation. Additionally, the median market rent is $1,397, which has also seen a downward trend year-over-year, further complicating the market dynamics and indicating potential challenges for landlords and investors in this area.

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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 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.

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Key Findings

1. The median sold price of $197,400 indicates a declining market value, down 8% since 2022.

2. With a median days on market of 415, properties are experiencing slower sales velocity, suggesting challenges in closing transactions.

3. The median listing price of $214,500 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. The market temperature is classified as cold, suggesting a lack of buyer demand and elevated inventory levels.

5. Rental prices are also decreasing, with a median market rent of $1,397, indicating challenges for landlords in maintaining rental income.

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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.