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INDIANAPOLIS, IN 46203

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

Market Overview

Active Listings
229
⇧ 12.3% vs 204 last year
Pending
52
23% pending ratio
Median Price
$229,900
⇩ 8.9% vs $252,450 last year
Average Price
$285,918
⇩ 7.2% vs $307,995 last year
Days on Market
92
⇧ 19.5% vs 77 days last year

Market Context

Population: 36,544  ·  Density: 1,012.2/mi²  ·  Median household income: $51,050

Typical home value: $128,676  ·  Homeownership: 57.7%

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46203) currently shows 229 active listings, with 52 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 77 days last year.

The median listing price has fallen 8.9% year-over-year, from $252,450 to $229,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 229 this year vs 204 last year
  • Days on market: 92 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $229,900 (-8.9% YoY)
  • Average: $285,918 (-7.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.5 miles — 1,544 listings ($505,661,750 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46203Indianapolis, IN 462030.0 mi229$65,475,222$229,900$285,918
46201Indianapolis, IN 462012.6 mi213$48,286,461$199,900$226,697
46204Indianapolis, IN 462044.0 mi45$35,559,225$472,000$790,205
46237Indianapolis, IN 462374.6 mi161$50,410,871$275,000$313,111
46202Indianapolis, IN 462024.8 mi121$66,768,526$449,100$551,806
46239Indianapolis, IN 462395.2 mi144$49,339,008$314,950$342,632
46217Indianapolis, IN 462176.8 mi103$30,839,127$265,000$299,409
46208Indianapolis, IN 462087.2 mi128$28,949,376$199,450$226,167
46226Indianapolis, IN 462267.5 mi116$30,181,576$212,700$260,186
46259Indianapolis, IN 462598.3 mi55$26,658,170$379,900$484,694
46142Greenwood, IN 461429.1 mi77$26,783,988$334,900$347,844
46235Indianapolis, IN 462359.4 mi104$26,131,352$249,700$251,263
46228Indianapolis, IN 462289.5 mi48$20,278,848$304,000$422,476

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46203?

As of January 2026, there are 229 active listings in INDIANAPOLIS, IN (zip code 46203), compared to 204 the prior year.

What is the median home price in INDIANAPOLIS, IN 46203?

The median listing price in INDIANAPOLIS, IN 46203 is $229,900 as of January 2026, a 8.9% decrease from $252,450 the prior year.

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

Homes in INDIANAPOLIS, IN 46203 spend an average of 92 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46203?

Based on current inventory and days-on-market data as of January 2026, INDIANAPOLIS, IN 46203 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 77 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 46203 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. 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.