Is Indianapolis, IN 46239 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 2.7 months of supply and 9% 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 score40/ 100

More competitive than 39% of U.S. ZIP codes, and #225 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 supply2.7Under 4 months = seller’s market

Sold above original list9.2%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market45Listing to accepted offer

Median price per sq ft$146▲ +3.4% vs. last year

Run the numbers for 46239

Prefilled for 46239Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46239Over-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 →

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More tools for 46239

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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