Indianapolis, IN 46235 Real Estate Market Report

ZIP Code: 46235
Report Date: February 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Indianapolis, IN (ZIP: 46235) is currently characterized by a median sold price of $215,000, reflecting the actual transaction values in the area. This figure serves as a key indicator of market value and recent activity, providing a clearer picture than listing prices alone. The market appears to be experiencing a slower sales velocity, with properties remaining on the market for a median of 223 days. This extended duration may suggest a degree of pricing friction, as buyers may be hesitant to meet seller expectations amid elevated inventory levels.

In terms of inventory, the market is facing elevated inventory levels relative to sales activity, indicating a potential excess supply. This condition may lead to a more cautious approach from sellers, as they navigate the dynamics of a market where the median listing price stands at $237,000, creating a notable gap between asking and sold prices. The current environment suggests that while there is a moderate level of sales activity, the overall market dynamics may be shifting towards a more balanced state as buyers weigh their options against the backdrop of extended days on market.

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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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Indianapolis market around 6.09% are 0.78% lower than the 6.87% average seen one year ago in February 2025.

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 $215,000 indicates a stable transaction environment, reflecting actual market conditions.

2. With a median days on market of 223, properties are experiencing slower sales velocity, which may indicate pricing friction.

3. The median listing price of $237,000 creates a gap with the sold price, suggesting that sellers may need to adjust expectations to align with buyer sentiment.

4. Elevated inventory levels relative to sales activity suggest excess supply, which could impact future pricing strategies.

5. The median market rent of $1,397 may provide insights into rental demand, although rental trends are currently unavailable for further analysis.

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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.