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INDIANAPOLIS, IN 46237

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

Market Overview

Active Listings
161
⇧ 50.5% vs 107 last year
Pending
44
27% pending ratio
Median Price
$275,000
⇧ 5.6% vs $260,450 last year
Average Price
$313,111
⇧ 13.7% vs $275,305 last year
Days on Market
81
⇧ 30.6% vs 62 days last year

Market Context

Population: 42,223  ·  Density: 1,110.9/mi²  ·  Median household income: $75,318

Typical home value: $197,114  ·  Homeownership: 68.7%

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46237) currently shows 161 active listings, with 44 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has increased compared to last year, with 54 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 81 days on market compared to 62 days last year.

The median listing price has risen 5.6% year-over-year, from $260,450 to $275,000.

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: 161 this year vs 107 last year
  • Days on market: 81 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $275,000 (+5.6% YoY)
  • Average: $313,111 (+13.7% 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 11.6 miles — 1,397 listings ($422,288,596 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46237Indianapolis, IN 462370.0 mi161$50,410,871$275,000$313,111
46107Beech Grove, IN 461073.2 mi47$9,838,275$210,000$209,325
46259Indianapolis, IN 462595.0 mi55$26,658,170$379,900$484,694
46143Greenwood, IN 461435.7 mi230$108,137,720$380,000$470,164
46142Greenwood, IN 461426.5 mi77$26,783,988$334,900$347,844
46201Indianapolis, IN 462017.2 mi213$48,286,461$199,900$226,697
46219Indianapolis, IN 462197.8 mi111$23,959,461$197,000$215,851
46221Indianapolis, IN 462218.7 mi80$17,659,840$220,000$220,748
46218Indianapolis, IN 462189.4 mi162$25,874,802$150,000$159,721
46163New Palestine, IN 461639.9 mi52$21,011,120$392,400$404,060
46241Indianapolis, IN 4624110.8 mi65$12,141,545$185,000$186,793
46205Indianapolis, IN 4620511.2 mi143$51,351,443$304,950$359,101
46110Boggstown, IN 4611011.6 mi1$174,900$174,900$174,900

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46237?

As of January 2026, there are 161 active listings in INDIANAPOLIS, IN (zip code 46237), compared to 107 the prior year.

What is the median home price in INDIANAPOLIS, IN 46237?

The median listing price in INDIANAPOLIS, IN 46237 is $275,000 as of January 2026, a 5.6% increase from $260,450 the prior year.

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

Homes in INDIANAPOLIS, IN 46237 spend an average of 81 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46237?

Based on current inventory and days-on-market data as of January 2026, INDIANAPOLIS, IN 46237 is currently a Buyer's Market. Inventory has increased compared to last year, with 54 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 81 days on market compared to 62 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 46237 save an estimated $5,500 compared to a typical 5% commission on the median listing price of $275,000. 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.