Market Intelligence · IN / Indianapolis

Indianapolis, IN 46229 Housing Market

The typical home value in Indianapolis 46229 is $221,123, down 2.2% over the past year. The median list price sits at $242,900, and homes are taking a median of 42 days to sell.

Updated June 2026Median value$221K

The median home value in Indianapolis, IN 46229 is $221K as of June 2026, down 2.2% 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 46229 range

$203K to $239K

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

-2.2% over 12 months

Typical home value in 46229 over the last 12 months: $226K in Jun 2025 to $221K in Jun 2026 (-2.2%).

Jun 2025$226K

Jun 2026$221K

The numbers

What is the 46229 housing market like?

Typical home value

$221K

Down2.2%YoY

Median list price

$243K

Days on market

42

Up110.0%MoM

Homes for sale

66

Price cuts

26.4%

New listings

36

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 46229 home prices compare?

  • 46229$221,123
  • Indianapolis$260,207
  • Indiana$239,792
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 66 homes for sale in the 46229 ZIP code, with 36 new listings added. The median list price was $242,900, while the typical home value stood at $221,123, down 2.2% over the past year. Homes spent a median of 42 days on market, and 26.4% of listings had a price cut. If you are considering selling here, expect a slower pace and price your home carefully to reflect current conditions.

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