Market Intelligence · IN / Indianapolis

Indianapolis, IN 46228 Housing Market

The typical home value in Indianapolis, IN 46228 is $268,791 as of 2026-08-01, down 1.0% over the past year. The median list price is $310,000, and homes are spending a median of 75 days on the market.

Updated August 2026Median value$269K

The median home value in Indianapolis, IN 46228 is $269K as of August 2026, down 1.0% 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 46228 range

$247K to $290K

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

-1.0% over 12 months

Typical home value in 46228 over the last 12 months: $272K in Aug 2025 to $269K in Aug 2026 (-1.0%).

Aug 2025$272K

Aug 2026$269K

The numbers

What is the 46228 housing market like?

Typical home value

$269K

Down1.0%YoY

Median list price

$310K

Up4.7%MoM

Days on market

75

Up33.9%MoM

Homes for sale

32

Down5.9%MoM

Price cuts

21.8%

Down17.9%MoM

New listings

20

Up25.0%MoM

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

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The comparison

How do 46228 home prices compare?

  • 46228$268,791
  • 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

As of 2026-08-01, there are 32 homes for sale in 46228, with 20 new listings hitting the market. The median list price is $310,000, while the typical home value sits at $268,791, down 1.0% over the past year. Homes are taking a median of 75 days to sell, and 21.8% of listings have had a price cut. For a seller, that points to a market where pricing right from the start matters more than testing high and adjusting later.

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