Indianapolis, IN 46259 Real Estate Market Report

ZIP Code: 46259
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

In Indianapolis, IN (ZIP: 46259), the median sold price stands at $350,000, reflecting a market that has shown modest appreciation. This indicates a stable demand for homes, despite the broader Indianapolis metro area being viewed as neutral to buyer-friendly. The neighborhood has increased up since 2023, suggesting a gradual strengthening in property values. However, the market is experiencing slower sales velocity, with homes taking a median of 275 days on market before closing, which may indicate a need for sellers to adjust expectations in alignment with buyer sentiment.

The current market conditions reveal elevated inventory levels, with a notable gap between the median listing price of $417,500 and the median sold price. This discrepancy suggests that while sellers may have optimistic pricing expectations, buyers are more cautious, leading to prolonged market times. As interest rates normalize, buyers are weighing their options carefully, balancing concerns about financing against potential future price increases, which may further influence market dynamics in the coming months.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

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.

---

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, around 6.09% are notably lower than the 7.37% average seen in early 2025, presenting a favorable refinancing window for owners who originated loans then.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $350,000 indicates stable demand, reflecting a market that has shown modest appreciation.

2. With a median days on market of 275, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $417,500 presents a significant gap compared to the sold price, indicating pricing friction in the market.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to further negotiation opportunities for buyers.

5. The market temperature remains neutral, indicating a balanced environment despite the slower transaction volume.

---

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.