Market Intelligence · IN / Indianapolis

Indianapolis, IN 46218 Housing Market

In Indianapolis, IN 46218, the typical home value is $114,138, down 2.4% over the past year as of 2026-08-01. The median list price is $149,900, and homes spend a median 62 days on market. That gap gives sellers a clear pricing reference point.

Updated August 2026Median value$114K

The median home value in Indianapolis, IN 46218 is $114K as of August 2026, down 2.4% 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 46218 range

$105K to $123K

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

-2.4% over 12 months

Typical home value in 46218 over the last 12 months: $117K in Aug 2025 to $114K in Aug 2026 (-2.4%).

Aug 2025$117K

Aug 2026$114K

The numbers

What is the 46218 housing market like?

Typical home value

$114K

Down2.4%YoY

Median list price

$150K

Up0.2%MoM

Days on market

62

Up8.8%MoM

Homes for sale

184

Up4.5%MoM

Price cuts

29.7%

Up21.2%MoM

New listings

44

Down31.2%MoM

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

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The comparison

How do 46218 home prices compare?

  • 46218$114,138
  • 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

Inventory in 46218 is meaningful, with 184 homes for sale and 44 new listings as of 2026-08-01. Buyers have options, and the median 62 days on market shows sales are not instant. Pricing is under pressure: 29.7% of listings carry a price cut, while the typical home value is $114,138, down 2.4% over the past year. The median list price of $149,900 sits well above that value benchmark, so alignment matters. Sellers should price with room for negotiation and expect a slower pace.

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