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

The Indianapolis, IN (ZIP: 46236) market is currently characterized by a median sold price of $349,900, reflecting a stable market environment. This price point indicates a modest appreciation trend, with the market appearing to stabilize in the face of broader area cooling. The neighborhood has seen a price trend that is up year-over-year, suggesting a resilient demand despite the current market conditions.

Transaction activity shows median days on market at 202, indicating a slower sales velocity, which may suggest elevated inventory levels relative to sales activity. The median listing price stands at $371,000, creating a notable gap between asking and selling prices, which could reflect seller expectations that are not fully aligned with current buyer sentiment. Overall, the market temperature is assessed as neutral, indicating a balanced environment where neither buyers nor sellers hold a distinct advantage.

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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 for Indianapolis IN 46236 are averaging 5.875%, which is 0.275% higher than the 5.60% average rate seen earlier in 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. $349,900 is the median sold price, indicating a stable market despite broader cooling trends.

2. 202 days on the market suggests a slower sales velocity, potentially due to elevated inventory levels.

3. The median listing price of $371,000 creates a notable gap, indicating potential pricing friction between sellers and buyers.

4. Rental growth remains up, with a median market rent of $2,240, suggesting healthy demand in the rental segment.

5. Current interest rates are at 5.875%, which is 0.275% higher than earlier in 2026, contributing to moderate interest rate pressure.

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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.