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INDIANAPOLIS, IN 46231

Real Estate Market Report  ·  Hendricks County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇧ 40% vs 20 last year
Pending
8
29% pending ratio
Median Price
$264,450
⇩ 11.5% vs $298,700 last year
Average Price
$282,556
⇩ 7.3% vs $304,733 last year
Days on Market
73
⇧ 21.7% vs 60 days last year

Market Context

Population: 11,209  ·  Density: 370.9/mi²  ·  Median household income: $73,087

Typical home value: $178,128  ·  Homeownership: 77.7%

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46231) currently shows 28 active listings, with 8 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 73 days on market compared to 60 days last year.

The median listing price has fallen 11.5% year-over-year, from $298,700 to $264,450.

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: 28 this year vs 20 last year
  • Days on market: 73 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $264,450 (-11.5% YoY)
  • Average: $282,556 (-7.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.2 miles — 975 listings ($338,208,056 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46231Indianapolis, IN 462310.0 mi28$7,911,568$264,450$282,556
46168Plainfield, IN 461684.1 mi104$42,529,136$365,000$408,934
46221Indianapolis, IN 462215.2 mi80$17,659,840$220,000$220,748
46113Camby, IN 461136.0 mi59$18,899,470$290,000$320,330
46224Indianapolis, IN 462246.4 mi37$9,284,003$245,000$250,919
46217Indianapolis, IN 462177.9 mi103$30,839,127$265,000$299,409
46254Indianapolis, IN 462549.3 mi84$19,801,488$225,000$235,732
46202Indianapolis, IN 462029.8 mi121$66,768,526$449,100$551,806
46112Brownsburg, IN 4611210.4 mi106$42,215,878$359,900$398,263
46208Indianapolis, IN 4620810.8 mi128$28,949,376$199,450$226,167
46228Indianapolis, IN 4622811.1 mi48$20,278,848$304,000$422,476
46278Indianapolis, IN 4627812.1 mi22$12,711,006$484,900$577,773
46122Danville, IN 4612212.2 mi55$20,359,790$348,900$370,178

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46231?

As of January 2026, there are 28 active listings in INDIANAPOLIS, IN (zip code 46231), compared to 20 the prior year.

What is the median home price in INDIANAPOLIS, IN 46231?

The median listing price in INDIANAPOLIS, IN 46231 is $264,450 as of January 2026, a 11.5% decrease from $298,700 the prior year.

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

Homes in INDIANAPOLIS, IN 46231 spend an average of 73 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 46231?

Based on current inventory and days-on-market data as of January 2026, INDIANAPOLIS, IN 46231 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 73 days on market compared to 60 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 46231 save an estimated $5,289 compared to a typical 5% commission on the median listing price of $264,450. 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.