Is Indianapolis, IN 46216 a buyer’s or seller’s market?

The Indianapolis housing market right now

In the three months ending August 31, 2026, 20% of homes in Indianapolis, IN 46216 sold above their list price, the typical home went under contract in 23 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (57 days then) and the median sale price rose 5% to $284,877. Overall, Indianapolis is about as competitive as it was a year ago.

Within Marion County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell more often over asking than in 67%.

Nearby, buyers who want less competition could look at Indianapolis 46204 (4% sold over asking) or Indianapolis 46202 (8% sold over asking), while Indianapolis 46220 (32% sold over asking) and Indianapolis 46278 (30% sold over asking) are even more competitive.