Indianapolis, IN 46241 Real Estate Market Report

ZIP Code: 46241
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Indianapolis 46241 area average 6.38%, reflecting the prevailing market environment for property owners in this region.

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 neighborhood's primary market value indicator, the median sold price, is 160,000, which anchors recent transaction activity and appears to reflect moderate price appreciation given the up price year-over-year trend.

2. The median listing price is 169,900, exceeding the median sold price of 160,000, which suggests pricing friction between seller expectations and completed transactions and may indicate selective negotiation room for buyers.

3. Liquidity appears slower: the median days on market is 288, a duration that suggests slower sales velocity despite the market temperature being described as neutral, so sellers should expect longer listing periods while buyers may exercise patience.

4. Market fundamentals show support for both owners and investors: the median price per square foot is 142, median market rent is 1,370, rent trends are up, and prevailing 30-year fixed mortgage rates average 6.38%, with moderate interest rate pressure—factors that imply steady rental demand but cautious financing conditions.

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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.