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West Indianapolis

INDIANAPOLIS, IN 46221

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

Neighborhoods in ZIP 46221

West Indianapolis

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46221) currently shows 112 active listings, with 41 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51 days on market compared to 53 days last year.

The median listing price has fallen 4.8% year-over-year, from $229,500 to $218,500.

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Market Context

Market Context

Population: 27,038  ·  Density: 522.5/mi²  ·  Median household income: $57,379

Typical home value: $149,297  ·  Homeownership: 60.0%

Market Overview

Active Listings
112
⇧ 3.7% vs 108 last year
Pending
41
37% pending ratio
Median Price
$218,500
⇩ 4.8% vs $229,500 last year
Average Price
$216,185
⇩ 2.2% vs $221,152 last year
Days on Market
51
⇩ 3.8% vs 53 days last year

Price Per Square Foot

Median $/sqft
$144
⇧ 4.3% vs $138/sqft last year
Median Home Size
1,392 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 112 this year vs 108 last year
  • Days on market: 51 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $218,500 (-4.8% YoY)
  • Average: $216,185 (-2.2% 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
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 10.8 miles — 1,557 listings ($504,754,178 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46221Indianapolis, IN 462210.0 mi93$20,560,719$229,000$221,083
46241Indianapolis, IN 462412.7 mi62$11,712,110$185,575$188,905
46231Indianapolis, IN 462315.2 mi24$6,861,504$262,250$285,896
46227Indianapolis, IN 462275.7 mi149$35,421,025$229,925$237,725
46222Indianapolis, IN 462226.9 mi90$16,865,550$165,175$187,395
46224Indianapolis, IN 462247.2 mi43$10,619,968$240,000$246,976
46202Indianapolis, IN 462027.4 mi131$68,832,771$461,300$525,441
46203Indianapolis, IN 462038.1 mi235$67,000,380$233,450$285,108
46237Indianapolis, IN 462378.7 mi158$47,383,252$270,000$299,894
46143Greenwood, IN 461439.4 mi236$109,216,788$381,750$462,783
46208Indianapolis, IN 462089.6 mi131$32,392,632$209,925$247,272
46158Mooresville, IN 4615810.6 mi62$24,271,202$374,900$391,471
46205Indianapolis, IN 4620510.8 mi143$53,616,277$302,950$374,939

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46221?

As of September 2026, there are 112 active listings in INDIANAPOLIS, IN (zip code 46221), compared to 108 the prior year.

What is the median home price in INDIANAPOLIS, IN 46221?

The median listing price in INDIANAPOLIS, IN 46221 is $218,500 as of September 2026, a 4.8% decrease from $229,500 the prior year.

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

Homes in INDIANAPOLIS, IN 46221 spend an average of 51 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46221?

Based on current inventory and days-on-market data as of September 2026, INDIANAPOLIS, IN 46221 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 53 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 46221 save an estimated $4,370 compared to a typical 5% commission on the median listing price of $218,500. 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.