Indianapolis, IN 46236 Real Estate Market Report

ZIP Code: 46236
Report Date: March 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Indianapolis, IN demonstrates a median sold price of $299,900, reflecting the actual transaction values in the area. This price serves as a crucial indicator of market activity, showcasing the dynamics of buyer engagement and seller expectations. The market appears to be experiencing slower sales velocity, with properties remaining on the market for a median of 297 days. This extended duration may suggest a degree of pricing friction, where sellers may need to adjust their expectations to align with buyer sentiment and market realities.

The current inventory conditions indicate elevated inventory levels, with an excess supply relative to sales activity. The median listing price stands at $349,900, which is significantly higher than the median sold price, highlighting a potential gap that may require attention from sellers. Given these conditions, the market seems to be in a phase of adjustment, where both buyers and sellers are navigating a landscape characterized by moderate transaction volume and 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

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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Indianapolis market average around 6.43% APR, which is 0.22% lower than the 6.65% average from one year ago.

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 $299,900 indicates actual market transaction values, which are crucial for understanding buyer engagement.

2. With a median days on market of 297, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $349,900 is significantly higher than the sold price, indicating a gap that may require seller adjustments.

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

5. The median market rent of $2,240 reflects the rental landscape, although rental performance trends are currently unavailable.

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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.