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INDIANAPOLIS, IN 46228

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

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46228) currently shows 61 active listings, with 20 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 37 days last year.

The median listing price has fallen 4.5% year-over-year, from $333,725 to $318,725.

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Market Context

Market Context

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

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

Market Overview

Active Listings
61
⇧ 17.3% vs 52 last year
Pending
20
33% pending ratio
Median Price
$318,725
⇩ 4.5% vs $333,725 last year
Average Price
$641,327
⇧ 8.9% vs $588,971 last year
Days on Market
63
⇧ 70.3% vs 37 days last year

Price Per Square Foot

Median $/sqft
$158
⇧ 6% vs $149/sqft last year
Median Home Size
2,068 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 52 last year
  • Days on market: 63 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $318,725 (-4.5% YoY)
  • Average: $641,327 (+8.9% 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 — 1,183 listings ($477,694,135 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46228Indianapolis, IN 462280.0 mi46$21,176,652$292,000$460,362
46260Indianapolis, IN 462603.6 mi72$39,093,408$304,750$542,964
46205Indianapolis, IN 462053.8 mi143$53,616,277$302,950$374,939
46222Indianapolis, IN 462224.1 mi90$16,865,550$165,175$187,395
46202Indianapolis, IN 462024.9 mi131$68,832,771$461,300$525,441
46240Indianapolis, IN 462405.7 mi47$27,216,290$401,175$579,070
46278Indianapolis, IN 462786.0 mi23$12,569,684$387,475$546,508
46214Indianapolis, IN 462146.2 mi39$9,385,506$239,200$240,654
46201Indianapolis, IN 462017.1 mi213$52,394,379$203,700$245,983
46280Indianapolis, IN 462807.5 mi16$8,764,192$347,500$547,762
46226Indianapolis, IN 462267.9 mi109$27,830,861$209,950$255,329
46032Carmel, IN 460328.2 mi139$115,076,710$569,500$827,890
46219Indianapolis, IN 462199.4 mi115$24,871,855$207,450$216,277

Frequently Asked Questions

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

As of September 2026, there are 61 active listings in INDIANAPOLIS, IN (zip code 46228), compared to 52 the prior year.

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

The median listing price in INDIANAPOLIS, IN 46228 is $318,725 as of September 2026, a 4.5% decrease from $333,725 the prior year.

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

Homes in INDIANAPOLIS, IN 46228 spend an average of 63 days on the market before going under contract, compared to 37 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 September 2026, INDIANAPOLIS, IN 46228 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 37 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 46228 save an estimated $6,375 compared to a typical 5% commission on the median listing price of $318,725. 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.