Indianapolis, IN metro area Housing Market
Cool MarketComprehensive housing market data for the Indianapolis, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$300K
↑ 2.0% YoY
Days on Market
53 days
↑ 29.3% YoY
Active Inventory
5,261
↑ 4.4% YoY
Homes Sold
1,547
↓ 6.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Indianapolis, IN metro area Market Summary
The Indianapolis, IN metro area housing market is cooling down. As of January 2026, the median home sale price is $300K, up 2.0% year-over-year. Homes are spending a median of 53 days on the market, 29.3% longer than a year ago.
There are 5,261 homes for sale — 4.4% more than last year. With 3.4 months of supply, this is a seller's market. 1,961 new listings were added during this period, down 7.3% year-over-year.
Homes are selling for 97.0% of their list price on average, suggesting room for negotiation. 12.2% of homes sell above their asking price. 34.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 29% below the national median, which could indicate stronger cash flow potential.
Indianapolis, IN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$314K
Price per Sq Ft
$147
Sale-to-List Ratio
97.0%
Months of Supply
3.4
Sold Above List
12.2%
Price Drops
34.0%
New Listings
1,961
↓ 7.3% YoY
Pending Sales
2,359
Off Market in 2 Weeks
24.2%
Other Markets in Indiana
Gary, IN metro area
$280K · 57d on market
Fort Wayne, IN metro area
$245K · 45d on market
Evansville, IN metro area
$215K · 32d on market
South Bend, IN metro area
$218K · 50d on market
Terre Haute, IN metro area
$161K · 48d on market
Lafayette, IN metro area
$257K · 48d on market
Elkhart, IN metro area
$223K · 47d on market
Bloomington, IN metro area
$318K · 98d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.