Indianapolis, IN 46227 Real Estate Market Report

ZIP Code: 46227
Report Date: April 2026
Market Temperature: NEUTRAL
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: 46227) reflects a stable environment with a median sold price of $225,000, indicating no fluctuation in value compared to the median listing price. This consistency suggests that sellers are aligning their expectations with current market realities. The neighborhood has seen an increase in inventory levels, which may indicate a shift towards a more balanced market, providing buyers with enhanced negotiation power and options.

The median days on market stands at 266 days, pointing to a slower sales velocity and longer transaction times. This extended period may reflect a cautious buyer sentiment in the face of moderate interest rate pressure, contributing to a neutral market temperature. Overall, the market appears to be transitioning, with modest price appreciation and a robust rental demand, supported by steady economic growth and affordability.

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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.

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Key Findings

1. The median sold price is $225,000, reflecting stable pricing in the current market.

2. With 266 days on market, the sales velocity is slower, indicating a potential shift towards buyer negotiation power.

3. Inventory levels are elevated, suggesting excess supply relative to sales activity in the area.

4. The median market rent is $1,397, highlighting continued demand for rental properties despite the slower sales environment.

5. The market temperature is neutral, indicating a balanced environment without strong upward or downward pressure on prices.

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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.