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INDIANAPOLIS, IN 46227

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

Neighborhoods in ZIP 46227

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Market Analysis

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

The INDIANAPOLIS, IN real estate market (46227) currently shows 154 active listings, with 52 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 71 days on market compared to 50 days last year.

The median listing price has risen 2.5% year-over-year, from $229,900 to $235,600.

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: 56,794  ·  Density: 1,313.9/mi²  ·  Median household income: $49,032

Typical home value: $177,840  ·  Homeownership: 44.5%

Market Overview

Active Listings
154
⇧ 20.3% vs 128 last year
Pending
52
34% pending ratio
Median Price
$235,600
⇧ 2.5% vs $229,900 last year
Average Price
$237,993
⇧ 1.5% vs $234,553 last year
Days on Market
71
⇧ 42% vs 50 days last year

Price Per Square Foot

Median $/sqft
$149
⇧ 3.5% vs $144/sqft last year
Median Home Size
1,556 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 154 this year vs 128 last year
  • Days on market: 71 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $235,600 (+2.5% YoY)
  • Average: $237,993 (+1.5% 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 11.3 miles — 1,449 listings ($361,163,951 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46227Indianapolis, IN 462270.0 mi149$35,421,025$229,925$237,725
46217Indianapolis, IN 462173.3 mi103$29,687,587$268,175$288,229
46142Greenwood, IN 461424.5 mi79$27,651,580$339,450$350,020
46225Indianapolis, IN 462254.8 mi59$16,588,145$272,450$281,155
46221Indianapolis, IN 462215.7 mi93$20,560,719$229,000$221,083
46201Indianapolis, IN 462016.8 mi213$52,394,379$203,700$245,983
46239Indianapolis, IN 462397.7 mi157$52,557,791$312,950$334,763
46241Indianapolis, IN 462418.0 mi62$11,712,110$185,575$188,905
46219Indianapolis, IN 462198.7 mi115$24,871,855$207,450$216,277
46218Indianapolis, IN 462189.2 mi160$25,962,080$149,950$162,263
46208Indianapolis, IN 4620810.4 mi131$32,392,632$209,925$247,272
46224Indianapolis, IN 4622410.6 mi43$10,619,968$240,000$246,976
46229Indianapolis, IN 4622911.3 mi85$20,744,080$229,900$244,048

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46227?

As of March 2026, there are 154 active listings in INDIANAPOLIS, IN (zip code 46227), compared to 128 the prior year.

What is the median home price in INDIANAPOLIS, IN 46227?

The median listing price in INDIANAPOLIS, IN 46227 is $235,600 as of March 2026, a 2.5% increase from $229,900 the prior year.

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

Homes in INDIANAPOLIS, IN 46227 spend an average of 71 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46227?

Based on current inventory and days-on-market data as of March 2026, INDIANAPOLIS, IN 46227 is currently a Buyer's Market. Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 71 days on market compared to 50 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 46227 save an estimated $4,712 compared to a typical 5% commission on the median listing price of $235,600. 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.