Market Intelligence · IN / Indianapolis

Indianapolis, IN 46224 Housing Market

Typical home value in Indianapolis 46224 is $198,622, down 0.8% over the past year. The median list price stands at $242,750, with homes lingering on the market for a median of 47 days.

Updated September 2026Median value$199K

The median home value in Indianapolis, IN 46224 is $199K as of September 2026, down 0.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 46224 range

$183K to $215K

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

Sep 2025$200K

Low $199KHigh $201K

Sep 2026$199K

The numbers

What is the 46224 housing market like?

As of September 2026

Typical home value

$199K

0.8%YoY

Median list price

$243K

1.2%MoM

Days on market

17.5%MoM

Homes for sale

6.5%MoM

Price cuts

28.8%

6.4%MoM

New listings

30.0%MoM

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

The outlook

46224 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46224 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 46224 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 46224?

Zillow's forecast does not call for a drop: it expects typical home values in 46224 to rise 1.8% by September 2027, after a 0.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 46224 home prices compare?

46224$198,622
Indianapolis$253,595
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 33 homes are for sale in 46224, with 26 new listings entering the market. The median days on market of 47 suggests a slow-moving inventory. Nearly 29% of listings have seen price cuts, a sign that sellers are adjusting to buyer demand. The gap between typical home value and median list price indicates pricing expectations remain elevated. For sellers, this is a buyer-favorable market that rewards realistic pricing and condition.

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Down payment20% · $39,724

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Common questions

What people ask us.

What is the typical home value in 46224?

The typical home value is $198,622, down 0.8% over the past year.

How long do homes stay on the market here?

The median days on market is 47 as of September 2026.

What share of homes have had price cuts?

As of September 2026, 28.8% of listings in 46224 have a price cut.

Discover

Nearby ZIP markets.

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