Market Intelligence · IN / Indianapolis

Indianapolis, IN 46202 Housing Market

The typical home value in Indianapolis, IN 46202 is $345,980, down 0.1% over the past year. The median list price is $445,000, and homes spend a median of 82 days on the market.

Updated August 2026Median value$346K

The median home value in Indianapolis, IN 46202 is $346K as of August 2026, down 0.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 46202 range

$318K to $374K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.1% over 12 months

Typical home value in 46202 over the last 12 months: $346K in Aug 2025 to $346K in Aug 2026 (-0.1%).

Aug 2025$346K

Aug 2026$346K

The numbers

What is the 46202 housing market like?

Typical home value

$346K

Down0.1%YoY

Median list price

$445K

Down1.1%MoM

Days on market

82

Down2.4%MoM

Homes for sale

151

Up2.7%MoM

Price cuts

24.0%

Down10.7%MoM

New listings

48

Up33.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 46202 home prices compare?

  • 46202$345,980
  • Indianapolis$255,775
  • Indiana$237,708
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

Values in 46202 have been essentially flat, with the typical home value at $345,980, down 0.1% over the past year. Sellers are aiming higher than that, with a median list price of $445,000, and homes are taking a median of 82 days to sell. There were 151 homes for sale as of 2026-08-01, with 48 new listings adding to that supply. About 24.0% of listings have taken a price cut. For a seller, the data points to a patient market where realistic pricing matters more than optimism.

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