The Indianapolis housing market is somewhat competitive. Homes in Indianapolis receive 2 offers on average and sell in around 11 days. The median sale price of a home in Indianapolis was $245K last month, up 6.5% since last year. The median sale price per square foot in Indianapolis is $140, up 6.1% since last year.
What is the housing market like in Indianapolis today?
In April 2024, Indianapolis home prices were up 6.5% compared to last year, selling for a median price of $245K. On average, homes in Indianapolis sell after 11 days on the market compared to 13 days last year. There were 1,119 homes sold in April this year, up from 1,031 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$245,000
+6.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Indianapolis, IN
$245,000
+6.5%
United States
To compare other locations to the Indianapolis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Indianapolis's median sale price is 43% lower than the national average. Overall cost of living in Indianapolis is 8% lower than the national average. Learn which home features in Indianapolis add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Indianapolis housing market?
Indianapolis is somewhat competitive. Homes sell in 16 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 16 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Indianapolis
Explore recent offers and recently sold homes in Indianapolis
Recent offers
Offer Not Accepted|
8 Weeks Ago
~$500K Offer
Sold for $550K
3bd | 2ba | ~4,000sqft
Under List Price
1%
Days on Market
4
Competing Offers
7
Down Payment
—
Carla Salvatore
Indianapolis Redfin Agent
Offered 520,000 and escalation clause to 535,000. They did not accept the offer as they got a similar offer giving them possession for longer if needed.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Indianapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Indianapolis.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Indianapolis has a moderate risk of flooding. 29,570 properties in Indianapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Indianapolis. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Indianapolis has a moderate risk of wildfire. There are 4,311 properties in Indianapolis that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Indianapolis.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Indianapolis has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Indianapolis is most at risk from hurricanes. 313,753 properties in Indianapolis have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 51 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.