Indianapolis, IN 46226 Real Estate Market Report

ZIP Code: 46226
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Indianapolis, IN (ZIP: 46226) is $168,450, reflecting a stable market environment. This price point indicates a modest appreciation trend, as the market appears to be transitioning toward a neutral state following a period of scarcity. The market has shown signs of resilience, supported by underlying economic strength, including job growth and diverse industries, which continue to bolster housing demand.

Despite the positive trajectory in sold prices, the market is currently characterized by elevated inventory levels, suggesting a potential shift in buyer dynamics. The median days on market stands at 192 days, indicating slower sales velocity and a more cautious approach from buyers. This could imply a need for sellers to adjust expectations in light of the current market conditions, where the median listing price is $209,950, creating a notable gap between asking and selling prices.

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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 the Indianapolis market average around 5.75% to 6.03%, which is slightly higher than rates observed just one week prior.

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 $168,450 indicates a stable market with potential for modest appreciation.

2. Elevated inventory levels suggest excess supply relative to sales activity, leading to slower transaction volume.

3. The median days on market of 192 days reflects a slower sales velocity, which may require sellers to reassess pricing strategies.

4. The median listing price of $209,950 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

5. Overall, the market temperature is neutral, suggesting a balanced state between buyers and sellers.

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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.