Indianapolis, IN 46239 Real Estate Market Report

ZIP Code: 46239
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: 46239) market is currently characterized by a median sold price of $280,000, reflecting the actual transaction values in the area. This figure indicates a stable market environment, although specific historical price change data is not available for further context. The median listing price stands at $311,000, suggesting a notable gap between seller expectations and market realities, which may create pricing friction for potential buyers.

Transaction activity appears moderate, with median days on market recorded at 182 days, indicating a slower sales velocity. Elevated inventory levels are evident, contributing to a shift in market dynamics that may favor buyers, particularly in entry-level segments. Overall, the market temperature is assessed as neutral, suggesting a balanced approach to pricing and sales activity despite the rising inventory.

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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 around 6.17% are lower than the early 2026 average of 6.85% seen in mid-February.

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. $280,000 is the median sold price, indicating stable transaction values in the market.

2. 182 days is the median days on market, reflecting a slower sales velocity and potential buyer leverage.

3. The median listing price of $311,000 suggests a significant gap from the sold price, indicating potential pricing friction for sellers.

4. Market temperature is neutral, suggesting balanced conditions between buyers and sellers.

5. $1,590 is the median market rent, which has shown an up trend year-over-year, indicating strong rental demand.

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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.