Market Intelligence · IN / Indianapolis

Indianapolis, IN 46217 Housing Market

The typical home value in Indianapolis, IN 46217 is $256,508, down 0.8% over the past year. The median list price is $264,900, and homes spend a median of 46 days on the market. Sellers here are working with a slightly softer market than a year ago.

Updated August 2026Median value$257K

The median home value in Indianapolis, IN 46217 is $257K as of August 2026, down 0.8% 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 46217 range

$236K to $277K

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

-0.8% over 12 months

Typical home value in 46217 over the last 12 months: $259K in Aug 2025 to $257K in Aug 2026 (-0.8%).

Aug 2025$259K

Aug 2026$257K

The numbers

What is the 46217 housing market like?

Typical home value

$257K

Down0.8%YoY

Median list price

$265K

Down1.6%MoM

Days on market

46

Up4.5%MoM

Homes for sale

102

Up12.1%MoM

Price cuts

29.2%

Down3.3%MoM

New listings

48

Up14.3%MoM

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

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The comparison

How do 46217 home prices compare?

  • 46217$256,508
  • 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

There are 102 homes for sale in 46217 as of 2026-08-01, with 48 new listings added. The median list price of $264,900 sits above the typical home value of $256,508, which has slipped 0.8% over the past year. Homes are taking a median of 46 days to sell. Price cuts are common, with 29.2% of listings reduced. For a seller, that means pricing realistically from day one matters more than testing the top of the range.

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