Indianapolis, IN 46236 Real Estate Market Report

ZIP Code: 46236
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.

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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.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price, is $321,950, which represents the most reliable signal of recent transaction value and should be prioritized over asking prices when setting offers or valuations.

2. There is a persistent gap between the median listing price of $329,998 and the median sold price of $321,950, which may indicate pricing friction and suggests sellers are listing above the level buyers recently paid; this appears alongside moderate overall market balance and may require targeted pricing adjustments to accelerate closings.

3. Liquidity appears muted: the median days on market of 297 signals slower sales velocity and suggests longer time-to-contract than typical market turnover; market participants should plan for extended holding periods and factor carrying costs into pricing and offer strategies.

4. Macro and rental context: up price momentum is supported by a median price per square foot of $170, a median market rent of $1,849, and a up rent year-over-year trend, while elevated financing pressure (elevated) from interest rates may constrain buyer pool and temper near-term transaction growth.

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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.

Indianapolis, IN 46236 Real Estate Market Report

ZIP Code: 46236
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.

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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.

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Key Findings

1. The primary market indicator, 274,900 for median sold price, signals realized market value and recent transaction activity; with price year-over-year trending up, this suggests modest appreciation in completed sales despite other frictions.

2. There is a notable spread between 180,000 median listing price and 274,900 median sold price, which may indicate pricing friction or sellers adjusting expectations; use caution when relying on asking prices and prioritize comparable sold prices for valuation.

3. High friction in market velocity is evident from 623 median days on market, which suggests slower transaction velocity and that properties may take substantially longer to convert from listed to sold status in this sample.

4. Market context is mixed: market temperature is neutral while rent is up and interest rate pressure is elevated; combined with relatively constrained active supply in the analyzed sample, this points to a balanced but cautious market where financing costs and time-on-market are key underwriting considerations.

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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.