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: March 2026
Median Sale Price
$310K
↑ 2.3% YoY
Days on Market
51 days
↑ 75.9% YoY
Active Inventory
5,226
↑ 3.5% YoY
Homes Sold
2,468
↓ 2.0% 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 March 2026, the median home sale price is $310K, up 2.3% year-over-year. Homes are spending a median of 51 days on the market, 75.9% longer than a year ago.
There are 5,226 homes for sale — 3.5% more than last year. With 2.1 months of supply, this is a seller's market. 3,290 new listings were added during this period, down 0.8% year-over-year.
Homes are selling for 98.0% of their list price on average, suggesting room for negotiation. 15.6% of homes sell above their asking price. 38.2% 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
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Detailed Market Metrics
Median List Price
$325K
Price per Sq Ft
$154
Sale-to-List Ratio
98.0%
Months of Supply
2.1
Sold Above List
15.6%
Price Drops
38.2%
New Listings
3,290
↓ 0.8% YoY
Pending Sales
3,501
Off Market in 2 Weeks
40.4%
Other Markets in Indiana
Gary, IN metro area
$280K · 52d on market
Fort Wayne, IN metro area
$273K · 35d on market
Evansville, IN metro area
$235K · 27d on market
South Bend, IN metro area
$238K · 34d on market
Lafayette, IN metro area
$288K · 33d on market
Bloomington, IN metro area
$325K · 73d on market
Elkhart, IN metro area
$277K · 31d on market
Terre Haute, IN metro area
$175K · 43d 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.