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Chatham Arch Lockerble Square Mass Ave Arts District Near North Riley St Joseph Wholesale District

INDIANAPOLIS, IN 46204

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

Neighborhoods in ZIP 46204

Chatham Arch · Lockerble Square · Mass Ave Arts District · Near North · Riley · St Joseph · Wholesale District

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46204) currently shows 60 active listings, with 10 pending sales. Homes are averaging 121 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 121 days on market compared to 79 days last year.

The median listing price has risen 17.6% year-over-year, from $340,000 to $399,700.

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: 10,544  ·  Density: 3,580.4/mi²  ·  Median household income: $84,735

Typical home value: $359,462  ·  Homeownership: 19.5%

Market Overview

Active Listings
60
⇧ 53.8% vs 39 last year
Pending
10
17% pending ratio
Median Price
$399,700
⇧ 17.6% vs $340,000 last year
Average Price
$662,164
⇧ 18.5% vs $558,639 last year
Days on Market
121
⇧ 53.2% vs 79 days last year

Price Per Square Foot

Median $/sqft
$288
⇧ 4.3% vs $276/sqft last year
Median Home Size
1,596 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 39 last year
  • Days on market: 121 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $399,700 (+17.6% YoY)
  • Average: $662,164 (+18.5% 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 9.4 miles — 1,091 listings ($327,305,002 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46204Indianapolis, IN 462040.0 mi52$37,398,972$405,000$719,211
46225Indianapolis, IN 462252.1 mi59$16,588,145$272,450$281,155
46222Indianapolis, IN 462223.4 mi90$16,865,550$165,175$187,395
46218Indianapolis, IN 462183.9 mi160$25,962,080$149,950$162,263
46205Indianapolis, IN 462054.1 mi143$53,616,277$302,950$374,939
46224Indianapolis, IN 462245.5 mi43$10,619,968$240,000$246,976
46219Indianapolis, IN 462196.0 mi115$24,871,855$207,450$216,277
46241Indianapolis, IN 462416.8 mi62$11,712,110$185,575$188,905
46217Indianapolis, IN 462177.1 mi103$29,687,587$268,175$288,229
46214Indianapolis, IN 462147.2 mi39$9,385,506$239,200$240,654
46254Indianapolis, IN 462548.0 mi90$20,447,820$221,900$227,198
46260Indianapolis, IN 462608.8 mi72$39,093,408$304,750$542,964
46234Indianapolis, IN 462349.4 mi63$31,055,724$309,100$492,948

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46204?

As of March 2026, there are 60 active listings in INDIANAPOLIS, IN (zip code 46204), compared to 39 the prior year.

What is the median home price in INDIANAPOLIS, IN 46204?

The median listing price in INDIANAPOLIS, IN 46204 is $399,700 as of March 2026, a 17.6% increase from $340,000 the prior year.

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

Homes in INDIANAPOLIS, IN 46204 spend an average of 121 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46204?

Based on current inventory and days-on-market data as of March 2026, INDIANAPOLIS, IN 46204 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 121 days on market compared to 79 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 46204 save an estimated $7,994 compared to a typical 5% commission on the median listing price of $399,700. 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.