Is Indianapolis, IN 46220 a buyer’s or seller’s market?
Indianapolis is a seller’s market. With about 1.6 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 78% of U.S. ZIP codes, and #28 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, 32% of homes in Indianapolis, IN 46220 sold above their list price, the typical home went under contract in 12 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 212 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold about as fast and the median sale price fell 4% to $355,846. Overall, Indianapolis is more competitive than a year ago, so tougher for buyers.
Within Marion County, homes here sell faster than in 97% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Indianapolis ranks #28 of 306 IN ZIP codes with enough sales (score 73 out of 100).
Nearby, buyers who want less competition could look at Indianapolis 46204 (4% sold over asking) or Indianapolis 46202 (8% sold over asking).
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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
Find towns like Indianapolis in other states →Where Indianapolis is
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Questions about Indianapolis real estate
Is Indianapolis a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Indianapolis, IN 46220 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 12 days in the latest three months.
Do homes in Indianapolis sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 98.9% 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 $355,846 in the three months ending August 31, 2026, about $172 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