What is the typical home value in Indianapolis - IN?

The typical home in Indianapolis - IN, IN is worth $290,745 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.3%.

How long do homes stay on the market in Indianapolis - IN?

The median days to pending (time on market before a sale) in Indianapolis - IN is currently 29 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Indianapolis - IN?

26.4% of active listings in Indianapolis - IN have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Indianapolis - IN a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Indianapolis - IN is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

IN · Metro #34

Indianapolis - IN housing market

Current home values, days on market, and price-cut activity for the Indianapolis - IN metro. Data refreshed from Zillow Research monthly.

Typical home value

$290,745

+1.3% vs. year ago

Median list price

$296,600

Days on market

29.0d

Listings w/ price cut

26.4%

Context

How to read this data

The typical home value ($290,745) 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 $287,014 last year is now worth roughly $290,745.

Homes listed in Indianapolis - IN sit on the market for roughly 29.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.