Indianapolis, IN 46236 Real Estate Market Report

ZIP Code: 46236
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Indianapolis, IN (ZIP: 46236) is characterized by a median sold price of $349,900, reflecting a stable market despite the ongoing adjustments toward balance. The neighborhood has increased 8% since 2023, indicating a positive trend in property values. However, the market is experiencing elevated inventory levels, which may suggest a slower sales velocity as buyers have more options available.

The median days on market stands at 208 days, highlighting a relatively extended period for properties to sell, which further emphasizes the current market dynamics. While the median listing price is $365,000, the gap between listing and sold prices indicates potential pricing friction, as sellers may need to adjust expectations to align with buyer sentiment. Overall, the market temperature is neutral, reflecting a balance between supply and demand, although moderate interest rate pressure continues to influence affordability concerns.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Indianapolis market average around 5.95% APR, which is higher than the 5.60% average seen in early February 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 $349,900 suggests a stable market with positive appreciation trends, having increased 8% since 2023.

2. With a median days on market of 208 days, properties are taking longer to sell, indicating a slower sales velocity in the current environment.

3. The elevated inventory levels relative to sales activity may lead to pricing friction as buyers have more choices.

4. The median listing price of $365,000 compared to the median sold price indicates a potential need for sellers to adjust their expectations to align with market realities.

5. Moderate interest rate pressure is impacting affordability, contributing to a cautionary outlook for potential buyers.

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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.