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 Indianapolis market has seen a median sold price of $165,000, reflecting a stable environment despite a year-over-year trend indicating prices are generally up. This suggests that while the median sold price has not dramatically shifted, the market is experiencing a selective reset, allowing for more buyer-friendly conditions. The elevated inventory levels compared to sales activity may indicate a shift in buyer leverage, with properties taking longer to sell, as evidenced by a median days on market of 188 days.

With a median listing price of $212,900, there is a notable gap between what sellers are asking and what buyers are willing to pay, which may lead to pricing friction in the market. The overall market temperature is currently assessed as neutral, indicating a balanced condition where neither buyers nor sellers hold a distinct advantage. Additionally, the rental market remains robust, with a median market rent of $1,397, suggesting ongoing demand in the rental sector despite the broader market 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

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, IN, around 6.375% are slightly higher than recent lows seen near 6.125% in February 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 median sold price is $165,000, indicating a stable market despite elevated inventory levels.

2. Median days on market stands at 188, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $212,900 suggests a significant gap between seller expectations and buyer willingness, which may lead to pricing pressure.

4. Market temperature is neutral, indicating a balanced market with no clear advantage for buyers or sellers.

5. The rental market is strong, with a median market rent of $1,397, indicating ongoing demand despite the overall market conditions.

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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.