Is Indianapolis, IN 46225 a buyer’s or seller’s market?

The Indianapolis housing market right now

In the three months ending August 31, 2026, 19% of homes in Indianapolis, IN 46225 sold above their list price, the typical home went under contract in 35 days and there were 7.7 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 32 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (41 days then) and the median sale price rose 21% to $224,903. Overall, Indianapolis is more competitive than a year ago, so tougher for buyers.

Within Marion County, homes here sell more slowly than in 88% of the county’s ZIP codes, and sell more often over asking than in 61%. On our competition score, Indianapolis ranks #268 of 306 IN ZIP codes with enough sales (score 33 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), while Indianapolis 46220 (32% sold over asking) and Indianapolis 46278 (30% sold over asking) are even more competitive.