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Concord Fletcher Place Fountain Square Southeast

INDIANAPOLIS, IN 46203

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46203

Concord · Fletcher Place · Fountain Square · Southeast

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46203) currently shows 262 active listings, with 77 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 59 days on market compared to 52 days last year.

The median listing price has fallen 6.4% year-over-year, from $247,450 to $231,700.

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

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

Market Overview

Active Listings
262
⇧ 7.8% vs 243 last year
Pending
77
29% pending ratio
Median Price
$231,700
⇩ 6.4% vs $247,450 last year
Average Price
$281,968
⇩ 6.8% vs $302,633 last year
Days on Market
59
⇧ 13.5% vs 52 days last year

Price Per Square Foot

Median $/sqft
$170
⇧ 4.9% vs $162/sqft last year
Median Home Size
1,487 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 262 this year vs 243 last year
  • Days on market: 59 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $231,700 (-6.4% YoY)
  • Average: $281,968 (-6.8% 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 9.5 miles — 1,577 listings ($517,740,343 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46203Indianapolis, IN 462030.0 mi235$67,000,380$233,450$285,108
46201Indianapolis, IN 462012.6 mi213$52,394,379$203,700$245,983
46204Indianapolis, IN 462044.0 mi52$37,398,972$405,000$719,211
46237Indianapolis, IN 462374.6 mi158$47,383,252$270,000$299,894
46202Indianapolis, IN 462024.8 mi131$68,832,771$461,300$525,441
46239Indianapolis, IN 462395.2 mi157$52,557,791$312,950$334,763
46217Indianapolis, IN 462176.8 mi103$29,687,587$268,175$288,229
46208Indianapolis, IN 462087.2 mi131$32,392,632$209,925$247,272
46226Indianapolis, IN 462267.5 mi109$27,830,861$209,950$255,329
46259Indianapolis, IN 462598.3 mi57$27,265,266$417,500$478,338
46142Greenwood, IN 461429.1 mi79$27,651,580$339,450$350,020
46235Indianapolis, IN 462359.4 mi106$26,168,220$252,450$246,870
46228Indianapolis, IN 462289.5 mi46$21,176,652$292,000$460,362

Frequently Asked Questions

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

As of March 2026, there are 262 active listings in INDIANAPOLIS, IN (zip code 46203), compared to 243 the prior year.

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

The median listing price in INDIANAPOLIS, IN 46203 is $231,700 as of March 2026, a 6.4% decrease from $247,450 the prior year.

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

Homes in INDIANAPOLIS, IN 46203 spend an average of 59 days on the market before going under contract, compared to 52 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 March 2026, INDIANAPOLIS, IN 46203 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 59 days on market compared to 52 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 $4,634 compared to a typical 5% commission on the median listing price of $231,700. 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.