Phoenix - AZ vs Indianapolis - IN: 2026 Housing Comparison

Side-by-side housing data for Phoenix - AZ, AZ and Indianapolis - IN, IN - typical home value, year-over-year change, median list price, days on market, and share of listings with a price cut. Refreshed from Zillow Research public CSVs.

Metric
Phoenix - AZ
Indianapolis - IN
Typical home value (ZHVI)
$448,933
$293,854
Year-over-year change
-1.8%
+1.3%
Median list price
$491,667
$299,967
Days on market (median)
28 days
17 days
% of listings with price cut
33.8%
26.9%

What this means for buyers

Phoenix - AZ is roughly 53% more expensive than Indianapolis - IN in typical home value. Homes sit on market longer in Phoenix - AZ (28 days vs 17), suggesting more buyer leverage there. Phoenix - AZ sees more listings with price cuts (33.8% vs 26.9%), a sign of softening seller expectations.

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