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INDIANAPOLIS, IN 46278

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46278) currently shows 22 active listings, with 8 pending sales. Homes are averaging 41 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 selling faster, averaging 41 days on market compared to 71 days last year.

The median listing price has fallen 27.4% year-over-year, from $549,500 to $398,675.

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: 8,650  ·  Density: 252.8/mi²  ·  Median household income: $148,227

Typical home value: $374,297  ·  Homeownership: 94.1%

Market Overview

Active Listings
22
⇩ 29% vs 31 last year
Pending
8
36% pending ratio
Median Price
$398,675
⇩ 27.4% vs $549,500 last year
Average Price
$555,278
⇩ 12.1% vs $631,800 last year
Days on Market
41
⇩ 42.3% vs 71 days last year

Price Per Square Foot

Median $/sqft
$141
⇩ 4.1% vs $147/sqft last year
Median Home Size
2,419 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 22 this year vs 31 last year
  • Days on market: 41 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $398,675 (-27.4% YoY)
  • Average: $555,278 (-12.1% 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 11.8 miles — 828 listings ($519,103,860 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46278Indianapolis, IN 462780.0 mi23$12,569,684$387,475$546,508
46254Indianapolis, IN 462543.5 mi90$20,447,820$221,900$227,198
46228Indianapolis, IN 462286.0 mi46$21,176,652$292,000$460,362
46077Zionsville, IN 460776.2 mi88$139,687,856$991,975$1,587,362
46214Indianapolis, IN 462147.1 mi39$9,385,506$239,200$240,654
46290Indianapolis, IN 462907.6 mi6$3,820,440$549,900$636,740
46032Carmel, IN 460328.3 mi139$115,076,710$569,500$827,890
46240Indianapolis, IN 462409.2 mi47$27,216,290$401,175$579,070
46075Whitestown, IN 460759.4 mi89$43,014,857$385,975$483,313
46280Indianapolis, IN 462809.9 mi16$8,764,192$347,500$547,762
46202Indianapolis, IN 4620210.4 mi131$68,832,771$461,300$525,441
46204Indianapolis, IN 4620411.2 mi52$37,398,972$405,000$719,211
46241Indianapolis, IN 4624111.8 mi62$11,712,110$185,575$188,905

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46278?

As of March 2026, there are 22 active listings in INDIANAPOLIS, IN (zip code 46278), compared to 31 the prior year.

What is the median home price in INDIANAPOLIS, IN 46278?

The median listing price in INDIANAPOLIS, IN 46278 is $398,675 as of March 2026, a 27.4% decrease from $549,500 the prior year.

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

Homes in INDIANAPOLIS, IN 46278 spend an average of 41 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46278?

Based on current inventory and days-on-market data as of March 2026, INDIANAPOLIS, IN 46278 is currently a Seller's Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 41 days on market compared to 71 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 46278 save an estimated $7,974 compared to a typical 5% commission on the median listing price of $398,675. 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.