The Downtown Indianapolis housing market is somewhat competitive. The median sale price of a home in Downtown Indianapolis was $350K last month, down 2.5% since last year. The median sale price per square foot in Downtown Indianapolis is $240, down 8.6% since last year.
What is the housing market like in Downtown Indianapolis today?
In April 2024, Downtown Indianapolis home prices were down 2.5% compared to last year, selling for a median price of $350K. On average, homes in Downtown Indianapolis sell after 74 days on the market compared to 68 days last year. There were 43 homes sold in April this year, down from 46 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$349,888
-2.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Indianapolis, IN
$349,888
-2.5%
United States
To compare other locations to the Downtown Indianapolis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. 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 Downtown Indianapolis housing market?
Downtown Indianapolis is somewhat competitive. Homes sell in 52 days.
0
100
33
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 3% below list price and go pending in around 52 days.
Hot homes
can sell for around list price and go pending in around 12 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
97.3%
+0.002 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Indianapolis, IN
97.3%
+0.002 pt
United States
Home offer insights for Downtown Indianapolis
Explore recent offers and recently sold homes in Downtown Indianapolis
Recent offers
View houses in Downtown Indianapolis that sold recently
Learn about schools in the Downtown Indianapolis area
Elementary
Middle
High
GreatSchools Rating
5/10
Center For Inquiry School 2
Public • K-8
438
Students
16 reviews
4/10
William Penn School 49
Public • PreK-8
593
Students
3 reviews
4/10
Edison School of the Arts 47
Public • K-8
588
Students
N/A
NR
Wendell Phillips School 63
Public • PreK-6
498
Students
2 reviews
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 Downtown Indianapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Indianapolis.
Risk Factor
Flood Factor - Moderate
49% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Indianapolis has a moderate risk of flooding. 1,180 properties in Downtown Indianapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 49% of all properties in Downtown 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
Downtown Indianapolis has a minor risk of wildfire. There are 1 properties in Downtown Indianapolis that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Indianapolis.
Downtown Indianapolis has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Indianapolis has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Indianapolis has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Indianapolis have a Moderate Heat Factor®.
Downtown Indianapolis is expected to see a 185% increase in the number of days over 101ºF over the next 30 years. Downtown Indianapolis is expected to experience 8