Indianapolis, IN 46235 Real Estate Market Report

ZIP Code: 46235
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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.

---

Key Findings

1. The primary market indicator is the median sold price of $206,000, which reflects realized transactions and anchors valuation for SFR and condominium properties in the ZIP and provides the most reliable signal of current market value realized transactions.

2. Despite the transaction anchor, the median listing price of $220,000 remains above recent sale levels, which suggests persistent seller pricing above market and may indicate pricing friction between ask and final sale.

3. Long sales timelines—median days on market of 302—point to slower sales velocity; combined with elevated inventory relative to sales activity, this appears to increase the importance of competitive pricing and targeted marketing to convert interest into closed deals slower sales velocity.

4. Broader indicators show a price year-over-year trend of up and a rent year-over-year trend of up, while market temperature is neutral and interest rate pressure is moderate, together suggesting a balanced marketplace where selective pricing, condition improvements, or flexible financing strategies may be the most effective levers for sellers and investors balanced market.

---

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.

Indianapolis, IN 46235 Real Estate Market Report

ZIP Code: 46235
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

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.

---

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.

---

Key Findings

1. $79,500 median sold price is the best indicator of realized market value for May 2026 and suggests that recent transactions are concentrated at affordable price points; this representative recent sale level should be the primary reference when pricing listings or underwriting offers.

2. 315 days median days on market indicates a notably slower sales velocity that may indicate pricing friction or a cautious buyer pool despite the median sold price remaining stable to rising.

3. $79.2 per sqft median price per square foot, paired with the median sold price, suggests modest unit-level valuation — use this metric to benchmark comps and identify under- or over-priced listings within similar SFR and condominium segments.

4. $1,050 median market rent and the up rent year-over-year trend imply improving rental demand that could support buy-to-rent underwriting assumptions; however, moderate interest rate pressure (moderate) suggests continued caution on financing costs and cashflow sensitivity.

---

Notable Properties

The following 4 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.