Indianapolis - IN housing market
The Indianapolis metro has a typical home value of $297,385, up 1.1% from a year ago. Homes are moving fast at 11 days on market, a strong seller's market. 31% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($297,385) 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 1.1% over the past year. In Indianapolis - IN, that means a home worth $294,149 last year is now worth roughly $297,385.
The median sale price , what homes actually close for , is $293,727. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.
Homes listed in Indianapolis - IN sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 30.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,425 new listings hit the market each month in Indianapolis - IN. There are currently 8,259 homes for sale, up 15.4% from a year ago.
The typical monthly rent in Indianapolis - IN is $1,558, 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.
Other metros in IN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Fort Wayne - IN | $262,029 | +3.0% | 7.0d |
| South Bend - IN | $242,671 | +6.0% | 9.0d |
| Evansville - IN | $229,634 | +3.8% | 13.0d |