Market Intelligence · IN / Indianapolis

Indianapolis, IN 46204 Housing Market

The typical home value in Indianapolis, IN 46204 is $343,677, up 2.0% over the past year. Sellers are listing at a median of $369,900, and homes are spending a median of 88 days on the market. That points to modest value growth alongside slow-moving sales.

Updated August 2026Median value$344K

The median home value in Indianapolis, IN 46204 is $344K as of August 2026, up 2.0% 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 46204 range

$316K to $371K

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

+2.0% over 12 months

Typical home value in 46204 over the last 12 months: $337K in Aug 2025 to $344K in Aug 2026 (+2.0%).

Aug 2025$337K

Aug 2026$344K

The numbers

What is the 46204 housing market like?

Typical home value

$344K

Up2.0%YoY

Median list price

$370K

Up0.7%MoM

Days on market

88

Up3.5%MoM

Homes for sale

60

Up9.1%MoM

Price cuts

23.2%

Down0.6%MoM

New listings

12

Flat0.0%MoM

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

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The comparison

How do 46204 home prices compare?

  • 46204$343,677
  • 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

As of 2026-08-01, there are 60 homes for sale in 46204, with 12 new listings entering the market. The median list price is $369,900, while the typical home value sits at $343,677, up 2.0% over the past year. Homes are taking a median of 88 days to sell, and 23.2% of listings have had a price cut. Buyers have time to look around, and some sellers are already adjusting their asking prices. If you are selling, expect to price carefully and wait, because the market is rewarding realistic pricing rather than aggressive asks.

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