Indianapolis, IN 46235 Real Estate Market Report

ZIP Code: 46235
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 real estate market in Indianapolis, IN (ZIP: 46235) is characterized by a median sold price of $199,950, reflecting a stable market environment. The neighborhood has shown a positive price trend, with values up year-over-year. This suggests a modest appreciation in property values, indicating a healthy demand relative to supply. The median days on market stands at 283, which may indicate slower sales velocity but does not necessarily reflect weak liquidity, given the balanced market conditions.

Inventory levels appear to be elevated, with a notable number of active listings compared to recent sales. This excess supply relative to sales activity suggests a balanced buyer-seller dynamic, where sellers may need to adjust expectations to align with market realities. The median listing price of $225,000 indicates a pricing gap that sellers should consider, as it exceeds the median sold price, potentially leading to pricing friction in negotiations. Overall, the market remains neutral to slightly warm, supported by strong rental demand and positive economic indicators in the area.

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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 are averaging 6.38%, which is 0.25% higher than the average rate of 6.10% seen in early 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 of $199,950 indicates a stable market with modest appreciation.

2. Inventory levels are characterized by elevated inventory, suggesting a balanced buyer-seller dynamic.

3. The median days on market of 283 reflects slower sales velocity, which may require sellers to adjust expectations.

4. The median listing price of $225,000 exceeds the sold price, indicating potential pricing friction for sellers.

5. Rental demand remains strong with a median market rent of $1,397, supported by positive economic indicators.

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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.