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INDIANAPOLIS, IN 46220

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46220

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Market Analysis

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

The INDIANAPOLIS, IN real estate market (46220) currently shows 164 active listings, with 55 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 45 days last year.

The median listing price has fallen 3.5% year-over-year, from $362,500 to $349,950.

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Market Context

Market Context

Population: 37,102  ·  Density: 1,220.4/mi²  ·  Median household income: $93,595

Typical home value: $302,372  ·  Homeownership: 64.1%

Market Overview

Active Listings
164
⇧ 20.6% vs 136 last year
Pending
55
34% pending ratio
Median Price
$349,950
⇩ 3.5% vs $362,500 last year
Average Price
$432,019
⇧ 2.1% vs $423,196 last year
Days on Market
43
⇩ 4.4% vs 45 days last year

Price Per Square Foot

Median $/sqft
$204
⇧ 19.3% vs $171/sqft last year
Median Home Size
1,949 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 164 this year vs 136 last year
  • Days on market: 43 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $349,950 (-3.5% YoY)
  • Average: $432,019 (+2.1% 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 8.7 miles — 1,132 listings ($392,912,074 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46220Indianapolis, IN 462200.0 mi98$39,717,048$336,700$405,276
46205Indianapolis, IN 462053.1 mi143$53,616,277$302,950$374,939
46226Indianapolis, IN 462263.6 mi109$27,830,861$209,950$255,329
46260Indianapolis, IN 462604.3 mi72$39,093,408$304,750$542,964
46280Indianapolis, IN 462804.8 mi16$8,764,192$347,500$547,762
46216Indianapolis, IN 462165.2 mi12$4,471,452$385,000$372,621
46256Indianapolis, IN 462565.8 mi59$23,767,796$304,450$402,844
46201Indianapolis, IN 462016.5 mi213$52,394,379$203,700$245,983
46268Indianapolis, IN 462686.9 mi61$15,581,657$255,000$255,437
46235Indianapolis, IN 462357.3 mi106$26,168,220$252,450$246,870
46236Indianapolis, IN 462367.6 mi73$35,611,444$364,750$487,828
46033Carmel, IN 460337.8 mi80$45,447,520$529,925$568,094
46254Indianapolis, IN 462548.7 mi90$20,447,820$221,900$227,198

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46220?

As of September 2026, there are 164 active listings in INDIANAPOLIS, IN (zip code 46220), compared to 136 the prior year.

What is the median home price in INDIANAPOLIS, IN 46220?

The median listing price in INDIANAPOLIS, IN 46220 is $349,950 as of September 2026, a 3.5% decrease from $362,500 the prior year.

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

Homes in INDIANAPOLIS, IN 46220 spend an average of 43 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46220?

Based on current inventory and days-on-market data as of September 2026, INDIANAPOLIS, IN 46220 is currently a Balanced Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 45 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 46220 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.