IN · Metro #34

Indianapolis - IN housing market

The Indianapolis metro has a typical home value of $293,854, up 1.3% from a year ago. Homes are moving fast at 17 days on market - a strong seller's market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$293,854
+1.3% vs. year ago
Median sale price
$286,215
+3.0% YoY
Median list price
$299,967
Sale-to-list ratio
97.5%
Selling below ask
Days on market
17d
Listings w/ price cut
26.9%
New listings / mo
2,806
+9.6% YoY
Homes for sale
7,153
+18.0% YoY
Typical rent
$1,517/mo
+2.4% YoY
Context

How to read this data

The typical home value ($293,854) is the Zillow Home Value Index for the Indianapolis - IN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.3% over the past year. In Indianapolis - IN, that means a home worth $290,083 last year is now worth roughly $293,854.

The median sale price , what homes actually close for , is $286,215. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.

Homes listed in Indianapolis - IN sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,806 new listings hit the market each month in Indianapolis - IN. There are currently 7,153 homes for sale, up 18.0% from a year ago.

The typical monthly rent in Indianapolis - IN is $1,517, up 2.4% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in IN

MetroHome value1-yr changeDays on market
Fort Wayne - IN$257,076 +2.9% 14.0d
South Bend - IN$234,870 +5.2% 13.0d
Evansville - IN$223,149 +3.7% 13.0d
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