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INDIANAPOLIS, IN 46202

Real Estate Market Report  ·  Marion County
Buyer's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46202

Bos · Canal Walk · Chatham Arch · Fletcher Place · Herron Morton · Indy East · Kingpark · Lockefield Gardens · Lockerble Square · Martindale (Brightwood) · Mass Ave Arts District · Near North · Old Northside · Ransom Place · Riley · Southeast · St Joseph · United Northwest · Upper Canal

Market Analysis

Data as of April 2026. Source: Realtor.com.

The INDIANAPOLIS, IN real estate market (46202) currently shows 176 active listings, with 39 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 67 days on market compared to 46 days last year.

The median listing price has risen 3.1% year-over-year, from $462,500 to $477,000.

Whether you are buying or selling in INDIANAPOLIS, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 20,688  ·  Density: 1,458.3/mi²  ·  Median household income: $59,578

Typical home value: $343,067  ·  Homeownership: 29.8%

Market Overview

Active Listings
176
⇧ 5.4% vs 167 last year
Pending
39
22% pending ratio
Median Price
$477,000
⇧ 3.1% vs $462,500 last year
Average Price
$539,128
⇧ 1% vs $533,561 last year
Days on Market
67
⇧ 45.7% vs 46 days last year

Price Per Square Foot

Median $/sqft
$235
⇧ 4.4% vs $225/sqft last year
Median Home Size
2,024 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 176 this year vs 167 last year
  • Days on market: 67 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $477,000 (+3.1% YoY)
  • Average: $539,128 (+1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 1,574 listings ($460,157,844 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46202Indianapolis, IN 462020.0 mi131$68,832,771$461,300$525,441
46208Indianapolis, IN 462082.8 mi131$32,392,632$209,925$247,272
46201Indianapolis, IN 462012.9 mi213$52,394,379$203,700$245,983
46205Indianapolis, IN 462053.4 mi143$53,616,277$302,950$374,939
46203Indianapolis, IN 462034.8 mi235$67,000,380$233,450$285,108
46224Indianapolis, IN 462245.1 mi43$10,619,968$240,000$246,976
46219Indianapolis, IN 462196.2 mi115$24,871,855$207,450$216,277
46214Indianapolis, IN 462146.8 mi39$9,385,506$239,200$240,654
46226Indianapolis, IN 462267.0 mi109$27,830,861$209,950$255,329
46221Indianapolis, IN 462217.4 mi93$20,560,719$229,000$221,083
46217Indianapolis, IN 462177.9 mi103$29,687,587$268,175$288,229
46268Indianapolis, IN 462688.7 mi61$15,581,657$255,000$255,437
46237Indianapolis, IN 462378.9 mi158$47,383,252$270,000$299,894

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46202?

As of April 2026, there are 176 active listings in INDIANAPOLIS, IN (zip code 46202), compared to 167 the prior year.

What is the median home price in INDIANAPOLIS, IN 46202?

The median listing price in INDIANAPOLIS, IN 46202 is $477,000 as of April 2026, a 3.1% increase from $462,500 the prior year.

How long do homes stay on the market in INDIANAPOLIS, IN?

Homes in INDIANAPOLIS, IN 46202 spend an average of 67 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46202?

Based on current inventory and days-on-market data as of April 2026, INDIANAPOLIS, IN 46202 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 days on market compared to 46 days last year.

How much can I save on real estate commission in INDIANAPOLIS, IN?

With SELL123.com's maximum 3% commission, sellers in INDIANAPOLIS, IN 46202 save an estimated $9,540 compared to a typical 5% commission on the median listing price of $477,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.