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INDIANAPOLIS, IN 46240

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

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46240) currently shows 71 active listings, with 25 pending sales. Homes are averaging 55 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 3.3% year-over-year, from $388,375 to $401,188.

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Market Context

Market Context

Population: 20,123  ·  Density: 793.7/mi²  ·  Median household income: $63,317

Typical home value: $295,960  ·  Homeownership: 45.2%

Market Overview

Active Listings
71
⇧ 22.4% vs 58 last year
Pending
25
35% pending ratio
Median Price
$401,188
⇧ 3.3% vs $388,375 last year
Average Price
$613,224
⇩ 11.8% vs $695,103 last year
Days on Market
55
— vs 55 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 9.2% vs $185/sqft last year
Median Home Size
2,000 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 58 last year
  • Days on market: 55 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $401,188 (+3.3% YoY)
  • Average: $613,224 (-11.8% 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 — 1,214 listings ($404,749,852 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46240Indianapolis, IN 462400.0 mi47$27,216,290$401,175$579,070
46290Indianapolis, IN 462902.8 mi6$3,820,440$549,900$636,740
46250Indianapolis, IN 462502.9 mi38$15,298,116$307,425$402,582
46032Carmel, IN 460324.8 mi139$115,076,710$569,500$827,890
46205Indianapolis, IN 462055.5 mi143$53,616,277$302,950$374,939
46268Indianapolis, IN 462685.8 mi61$15,581,657$255,000$255,437
46226Indianapolis, IN 462266.0 mi109$27,830,861$209,950$255,329
46216Indianapolis, IN 462166.7 mi12$4,471,452$385,000$372,621
46218Indianapolis, IN 462187.0 mi160$25,962,080$149,950$162,263
46254Indianapolis, IN 462548.7 mi90$20,447,820$221,900$227,198
46235Indianapolis, IN 462359.2 mi106$26,168,220$252,450$246,870
46201Indianapolis, IN 462019.2 mi213$52,394,379$203,700$245,983
46222Indianapolis, IN 462229.4 mi90$16,865,550$165,175$187,395

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46240?

As of September 2026, there are 71 active listings in INDIANAPOLIS, IN (zip code 46240), compared to 58 the prior year.

What is the median home price in INDIANAPOLIS, IN 46240?

The median listing price in INDIANAPOLIS, IN 46240 is $401,188 as of September 2026, a 3.3% increase from $388,375 the prior year.

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

Homes in INDIANAPOLIS, IN 46240 spend an average of 55 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46240?

Based on current inventory and days-on-market data as of September 2026, INDIANAPOLIS, IN 46240 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 46240 save an estimated $8,024 compared to a typical 5% commission on the median listing price of $401,188. 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.