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INDIANAPOLIS, IN 46229

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

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46229) currently shows 92 active listings, with 37 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 39 days on market compared to 57 days last year.

The median listing price has fallen 0.4% year-over-year, from $241,000 to $239,925.

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: 28,629  ·  Density: 974.2/mi²  ·  Median household income: $63,857

Typical home value: $158,481  ·  Homeownership: 61.1%

Market Overview

Active Listings
92
⇧ 12.2% vs 82 last year
Pending
37
40% pending ratio
Median Price
$239,925
⇩ 0.4% vs $241,000 last year
Average Price
$244,814
⇩ 6.3% vs $261,338 last year
Days on Market
39
⇩ 31.6% vs 57 days last year

Price Per Square Foot

Median $/sqft
$131
⇩ 5.8% vs $139/sqft last year
Median Home Size
1,787 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 92 this year vs 82 last year
  • Days on market: 39 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $239,925 (-0.4% YoY)
  • Average: $244,814 (-6.3% 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 11.1 miles — 1,620 listings ($496,307,760 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46229Indianapolis, IN 462290.0 mi85$20,744,080$229,900$244,048
46219Indianapolis, IN 462193.5 mi115$24,871,855$207,450$216,277
46226Indianapolis, IN 462265.3 mi109$27,830,861$209,950$255,329
46163New Palestine, IN 461635.7 mi43$17,560,125$388,250$408,375
46201Indianapolis, IN 462017.1 mi213$52,394,379$203,700$245,983
46203Indianapolis, IN 462037.2 mi235$67,000,380$233,450$285,108
46107Beech Grove, IN 461077.8 mi51$10,727,952$214,450$210,352
46205Indianapolis, IN 462058.8 mi143$53,616,277$302,950$374,939
46250Indianapolis, IN 462509.3 mi38$15,298,116$307,425$402,582
46237Indianapolis, IN 462379.6 mi158$47,383,252$270,000$299,894
46202Indianapolis, IN 462029.8 mi131$68,832,771$461,300$525,441
46208Indianapolis, IN 4620810.6 mi131$32,392,632$209,925$247,272
46140Greenfield, IN 4614011.1 mi168$57,655,080$309,900$343,185

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46229?

As of March 2026, there are 92 active listings in INDIANAPOLIS, IN (zip code 46229), compared to 82 the prior year.

What is the median home price in INDIANAPOLIS, IN 46229?

The median listing price in INDIANAPOLIS, IN 46229 is $239,925 as of March 2026, a 0.4% decrease from $241,000 the prior year.

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

Homes in INDIANAPOLIS, IN 46229 spend an average of 39 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46229?

Based on current inventory and days-on-market data as of March 2026, INDIANAPOLIS, IN 46229 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 39 days on market compared to 57 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 46229 save an estimated $4,799 compared to a typical 5% commission on the median listing price of $239,925. 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.