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.
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.
Other metros in IN
| Metro | Home value | 1-yr change | Days 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 |