Indianapolis, IN 46227 Real Estate Market Report

ZIP Code: 46227
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: 46227) stands at $239,900, reflecting a stable market environment despite broader trends. The neighborhood has seen prices remain flat to slightly upward, indicating resilience amidst a shifting landscape. With elevated interest rates tempering buyer activity, the market is characterized by moderate transaction volume and slower sales velocity, suggesting a need for strategic pricing by sellers to attract buyers in this competitive yet balanced environment.

Inventory conditions reveal elevated levels, with a notable gap between the median listing price of $255,000 and the median sold price. This pricing friction may indicate seller expectations that are not fully aligned with current market realities. The median days on market is 170, which points to a slower sales velocity, further emphasizing the importance of pricing strategies in this market context.

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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 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 6.35% are notably lower than the 2026 forecast average of 6.87% for the area, presenting a cost-saving opportunity for new financing.

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 $239,900 indicates a stable market, with prices remaining flat to slightly upward.

2. Elevated inventory levels suggest excess supply relative to sales activity, which may impact pricing strategies for sellers.

3. The median days on market of 170 reflects a slower sales velocity, indicating that properties are taking longer to sell in the current market.

4. The median listing price of $255,000 presents a pricing gap compared to the sold price, suggesting potential pricing friction for sellers.

5. With elevated interest rate pressure, buyer activity may be tempered, necessitating careful consideration of pricing and marketing strategies.

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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.