Market Intelligence · IN / Indianapolis

Indianapolis, IN 46229 Housing Market

Homes in Indianapolis 46229 have a typical value of $217,011, down 2.4% over the past year. The median list price sits at $235,000, with homes typically spending 52 days on the market as of September 2026.

Updated September 2026Median value$217K

The median home value in Indianapolis, IN 46229 is $217K as of September 2026, down 2.4% 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 46229 range

$200K to $234K

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

Sep 2025$222K

Low $217KHigh $222K

Sep 2026$217K

The numbers

What is the 46229 housing market like?

As of September 2026

Typical home value

$217K

2.4%YoY

Median list price

$235K

2.0%MoM

Days on market

10.6%MoM

Homes for sale

104

15.6%MoM

Price cuts

35.8%

21.0%MoM

New listings

25.0%MoM

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

The outlook

46229 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46229 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 46229 fell 2.4%, per the Zillow Home Value Index.

Will home prices drop in 46229?

Zillow's forecast does not call for a drop: it expects typical home values in 46229 to rise 1.7% by September 2027, after a 2.4% 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 46229 home prices compare?

46229$217,011
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

The 46229 ZIP has 104 homes for sale with 40 new listings as of September 2026. The median days on market of 52 suggests a moderate pace of sales activity. However, 35.8% of listings have received price cuts, indicating sellers are adjusting to market conditions. The typical home value decline of 2.4% over the past year reflects cooling demand. Homeowners considering selling should expect a deliberate market where pricing strategy matters.

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Common questions

What people ask us.

What is the typical home value in 46229?

The typical home value in 46229 is $217,011, down 2.4% over the past year as of September 2026.

How long do homes stay on the market in 46229?

The median days on market is 52 as of September 2026.

How many homes are currently for sale in 46229?

There are 104 homes for sale as of September 2026, with 40 new listings in that same period.

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