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Is Indianapolis, IN 46231 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 2.3 months of supply and 11% 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.

Competition score38/ 100

More competitive than 37% of U.S. ZIP codes, and #235 of 306 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.3Under 4 months = seller’s market
Sold above original list10.7%Share of sales, last 3 months
Median sale-to-list97.7%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$143▼ −4.3% vs. last year

Run the numbers for 46231

Prefilled for 46231Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46231Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Amo 46103 — /sq ftAvon 46123Seller’s market $158 /sq ftBrownsburg 46112Seller’s market $169 /sq ftClayton 46118Seller’s market $166 /sq ft Browse all markets →

More tools for 46231

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