Indianapolis - IN housing market

The typical home value ($296,033) 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 1.0% over the past year. In Indianapolis - IN, that means a home worth $293,102 last year is now worth roughly $296,033.

The median sale price, what homes actually close for, is $294,586. Homes are selling at 98.6% of list price, meaning buyers have room to negotiate.

Homes listed in Indianapolis - IN sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 32.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,313 new listings hit the market each month in Indianapolis - IN. There are currently 8,570 homes for sale, up 12.3% from a year ago.

The typical monthly rent in Indianapolis - IN is $1,571, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.7x, toss-up (#129 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,522 a month in principal and interest, $49 less than renting before taxes, insurance and upkeep. The two break even at a 6.97% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →