Is Indianapolis, IN 46216 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Indianapolis is a seller’s market. With about 1.3 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.3Under 4 months = seller’s market

Sold above original list20%Share of sales, last 3 months

Median sale-to-list99%Sold price ÷ list price

Median days on market23Listing to accepted offer

Median price per sq ft$135▼ −24.0% vs. last year

Run the numbers for 46216

Prefilled for 46216Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46216Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Beech Grove 46107Seller’s market $126 /sq ft Indianapolis 46201Balanced $103 /sq ft Indianapolis 46202Balanced $222 /sq ft Indianapolis 46203Balanced $137 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology