Is Indianapolis, IN 46204 a buyer’s or seller’s market?
Indianapolis is a buyer’s market. With about 7.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 6% of U.S. ZIP codes, and #305 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Indianapolis housing market right now
In the three months ending August 31, 2026, 4% of homes in Indianapolis, IN 46204 sold above their list price, the typical home went under contract in 70 days and there were 7.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 26 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (5% then), homes sold more slowly (42 days then) and the median sale price fell 11% to $300,870. Overall, Indianapolis is less competitive than a year ago, which gives buyers more room.
Within Marion County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Indianapolis ranks #305 of 306 IN ZIP codes with enough sales (score 13 out of 100).
Nearby, Indianapolis 46220 (32% sold over asking) and Indianapolis 46278 (30% sold over asking) are even more competitive.
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Nearby markets
Beech Grove 46107Seller’s market $126 /sq ftIndianapolis 46201Balanced $103 /sq ftIndianapolis 46202Balanced $222 /sq ftIndianapolis 46203Balanced $137 /sq ft Browse all markets →Towns like Indianapolis nearby
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Questions about Indianapolis real estate
Is Indianapolis a buyer’s or seller’s market?
A buyer’s market: there were 7.4 months of supply in Indianapolis, IN 46204 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Indianapolis?
The typical home went under contract in 70 days in the latest three months.
Do homes in Indianapolis sell over asking?
4% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Indianapolis?
About 0.91% of a home’s value a year in Marion County, or roughly $3,640 on a $400,000 home.
What is the median home price in Indianapolis?
The median sale price was $300,870 in the three months ending August 31, 2026, about $234 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology