Market Intelligence · IN / Indianapolis

Indianapolis, IN 46224 Housing Market

The typical home value in Indianapolis, IN 46224 is $201,911, down 0.8% over the past year as of 2026-08-01. Homes in this ZIP are listing at a median price of $239,950, and the median days on market stands at 40. That combination points to a market that is softening slightly but still moving.

Updated August 2026Median value$202K

The median home value in Indianapolis, IN 46224 is $202K 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 46224 range

$186K to $218K

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 46224 over the last 12 months: $204K in Aug 2025 to $202K in Aug 2026 (-0.8%).

Aug 2025$204K

Aug 2026$202K

The numbers

What is the 46224 housing market like?

Typical home value

$202K

Down0.8%YoY

Median list price

$240K

Up1.3%MoM

Days on market

40

Down11.1%MoM

Homes for sale

31

Up24.0%MoM

Price cuts

30.8%

Up42.4%MoM

New listings

20

Down16.7%MoM

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

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The comparison

How do 46224 home prices compare?

  • 46224$201,911
  • 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 31 homes for sale in 46224 as of 2026-08-01, with 20 new listings hitting the market. The median list price is $239,950, while the typical home value sits at $201,911, down 0.8% over the past year. Homes are taking a median of 40 days to sell. Notably, 30.8% of current listings have taken a price cut, which suggests sellers are adjusting to meet buyers. For anyone thinking of selling, pricing realistically from day one matters more than it did a year ago.

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