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INDIANAPOLIS, IN 46228

Real Estate Market Report  ·  Marion County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
48
⇧ 37.1% vs 35 last year
Pending
12
25% pending ratio
Median Price
$304,000
⇧ 7% vs $284,000 last year
Average Price
$422,476
⇧ 44.6% vs $292,204 last year
Days on Market
60
vs 60 days last year

Market Context

Population: 16,397  ·  Density: 799.2/mi²  ·  Median household income: $85,272

Typical home value: $222,950  ·  Homeownership: 81.1%

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46228) currently shows 48 active listings, with 12 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

The median listing price has risen 7% year-over-year, from $284,000 to $304,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 35 last year
  • Days on market: 60 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $304,000 (+7% YoY)
  • Average: $422,476 (+44.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.4 miles — 1,159 listings ($448,803,227 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46228Indianapolis, IN 462280.0 mi48$20,278,848$304,000$422,476
46260Indianapolis, IN 462603.6 mi64$32,620,352$300,000$509,693
46205Indianapolis, IN 462053.8 mi143$51,351,443$304,950$359,101
46222Indianapolis, IN 462224.1 mi93$16,824,723$162,500$180,911
46202Indianapolis, IN 462024.9 mi121$66,768,526$449,100$551,806
46240Indianapolis, IN 462405.7 mi42$25,082,148$395,000$597,194
46278Indianapolis, IN 462786.0 mi22$12,711,006$484,900$577,773
46214Indianapolis, IN 462146.2 mi43$10,323,440$238,500$240,080
46201Indianapolis, IN 462017.1 mi213$48,286,461$199,900$226,697
46280Indianapolis, IN 462807.5 mi14$7,255,878$394,500$518,277
46226Indianapolis, IN 462267.9 mi116$30,181,576$212,700$260,186
46032Carmel, IN 460328.2 mi129$103,159,365$527,500$799,685
46219Indianapolis, IN 462199.4 mi111$23,959,461$197,000$215,851

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46228?

As of January 2026, there are 48 active listings in INDIANAPOLIS, IN (zip code 46228), compared to 35 the prior year.

What is the median home price in INDIANAPOLIS, IN 46228?

The median listing price in INDIANAPOLIS, IN 46228 is $304,000 as of January 2026, a 7% increase from $284,000 the prior year.

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

Homes in INDIANAPOLIS, IN 46228 spend an average of 60 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46228?

Based on current inventory and days-on-market data as of January 2026, INDIANAPOLIS, IN 46228 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

How much can I save on real estate commission in INDIANAPOLIS, IN?

With SELL123.com's maximum 3% commission, sellers in INDIANAPOLIS, IN 46228 save an estimated $6,080 compared to a typical 5% commission on the median listing price of $304,000. 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.