Market Intelligence · IN / Indianapolis

Indianapolis, IN 46204 Housing Market

The typical home in Indianapolis 46204 is worth $347,197, up 1.6% over the past year. The median list price is $373,700, and homes are taking a median of 75 days on market to sell.

Updated June 2026Median value$347K

The median home value in Indianapolis, IN 46204 is $347K as of June 2026, up 1.6% 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

$319K to $375K

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

+1.6% over 12 months

Typical home value in 46204 over the last 12 months: $342K in Jun 2025 to $347K in Jun 2026 (+1.6%).

Jun 2025$342K

Jun 2026$347K

The numbers

What is the 46204 housing market like?

Typical home value

$347K

Up1.6%YoY

Median list price

$374K

Days on market

75

Down23.5%MoM

Homes for sale

53

Price cuts

40.2%

New listings

10

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 46204 home prices compare?

  • 46204$347,197
  • Indianapolis$260,207
  • Indiana$239,792
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,270 ZIPs).

Context

Downtown Indianapolis 46204 had 53 homes for sale as of June 1, 2026, with 10 new listings added. The median list price sits at $373,700, while the typical home value is $347,197, up 1.6% over the past year. Homes are moving at a median of 75 days on market, and 40.2% of listings have taken a price cut. For sellers, this points to a slower market where realistic pricing and patience matter more than expecting a quick sale.

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