Indianapolis, IN 46239 Real Estate Market Report

ZIP Code: 46239
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Indianapolis, IN (ZIP: 46239) stands at $259,900, reflecting a stable market with modest price appreciation. The market has shown a year-over-year trend of prices being up, indicating a positive shift in property values. This upward movement suggests a growing demand amidst a backdrop of elevated inventory levels, which may provide buyers with more options while still maintaining robust demand.

Transaction activity appears moderate, with 279 days on market indicating a slower sales velocity. The current market temperature is assessed as neutral, suggesting a balance between buyers and sellers. The median listing price of $289,000 indicates a pricing gap that may reflect seller expectations versus actual market conditions, further contributing to the current inventory dynamics.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Indianapolis, IN are averaging 6.43% as of March 2026, which is 0.33% higher than the average rate of 6.10% seen in 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. $259,900 is the median sold price, indicating a stable market with modest price appreciation.

2. The market temperature is neutral, suggesting balanced conditions between buyers and sellers.

3. Properties are taking a median of 279 days on market, indicating slower sales velocity and potential pricing friction.

4. The median listing price of $289,000 reflects a gap compared to the median sold price, suggesting seller expectations may be high relative to market realities.

5. Rental demand remains strong with a median market rent of $1,590, supported by positive local economic 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.