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West Indianapolis

INDIANAPOLIS, IN 46241

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

Neighborhoods in ZIP 46241

West Indianapolis

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46241) currently shows 61 active listings, with 20 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 56 days on market compared to 39 days last year.

The median listing price has risen 16.4% year-over-year, from $159,950 to $186,225.

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: 34,056  ·  Density: 550.1/mi²  ·  Median household income: $47,929

Typical home value: $95,963  ·  Homeownership: 56.3%

Market Overview

Active Listings
61
⇩ 12.9% vs 70 last year
Pending
20
33% pending ratio
Median Price
$186,225
⇧ 16.4% vs $159,950 last year
Average Price
$189,969
⇧ 17% vs $162,436 last year
Days on Market
56
⇧ 43.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$162
⇧ 22.7% vs $132/sqft last year
Median Home Size
1,176 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 70 last year
  • Days on market: 56 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $186,225 (+16.4% YoY)
  • Average: $189,969 (+17% 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 10.8 miles — 1,235 listings ($374,817,898 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46241Indianapolis, IN 462410.0 mi62$11,712,110$185,575$188,905
46231Indianapolis, IN 462313.1 mi24$6,861,504$262,250$285,896
46224Indianapolis, IN 462245.0 mi43$10,619,968$240,000$246,976
46222Indianapolis, IN 462225.4 mi90$16,865,550$165,175$187,395
46113Camby, IN 461136.5 mi61$19,521,525$297,450$320,025
46204Indianapolis, IN 462046.8 mi52$37,398,972$405,000$719,211
46168Plainfield, IN 461687.0 mi104$41,398,864$364,475$398,066
46227Indianapolis, IN 462278.0 mi149$35,421,025$229,925$237,725
46254Indianapolis, IN 462548.6 mi90$20,447,820$221,900$227,198
46201Indianapolis, IN 462019.1 mi213$52,394,379$203,700$245,983
46228Indianapolis, IN 462289.3 mi46$21,176,652$292,000$460,362
46205Indianapolis, IN 4620510.1 mi143$53,616,277$302,950$374,939
46237Indianapolis, IN 4623710.8 mi158$47,383,252$270,000$299,894

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46241?

As of March 2026, there are 61 active listings in INDIANAPOLIS, IN (zip code 46241), compared to 70 the prior year.

What is the median home price in INDIANAPOLIS, IN 46241?

The median listing price in INDIANAPOLIS, IN 46241 is $186,225 as of March 2026, a 16.4% increase from $159,950 the prior year.

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

Homes in INDIANAPOLIS, IN 46241 spend an average of 56 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46241?

Based on current inventory and days-on-market data as of March 2026, INDIANAPOLIS, IN 46241 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 56 days on market compared to 39 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 46241 save an estimated $3,725 compared to a typical 5% commission on the median listing price of $186,225. 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.