Home ValuePros

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46229 Housing Market

In Indianapolis, IN 46229, the typical home value is $218,496, down 2.5% over the past year. The median list price is $239,900, and homes spend a median of 47 days on market.

Updated August 2026Median value$218K

The median home value in Indianapolis, IN 46229 is $218K as of August 2026, down 2.5% 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

$201K to $236K

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

-2.5% over 12 months

Typical home value in 46229 over the last 12 months: $224K in Aug 2025 to $218K in Aug 2026 (-2.5%).

Aug 2025$224K

Aug 2026$218K

The numbers

What is the 46229 housing market like?

Typical home value

$218K

Down2.5%YoY

Median list price

$240K

Down0.3%MoM

Days on market

47

Down2.1%MoM

Homes for sale

90

Up11.1%MoM

Price cuts

45.3%

Up63.6%MoM

New listings

32

Down38.5%MoM

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

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The comparison

How do 46229 home prices compare?

  • 46229$218,496
  • 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 90 homes for sale in 46229, with 32 new listings. The median list price is $239,900, while the typical home value is $218,496, down 2.5% over the past year. A median of 47 days on market gives buyers some time to compare options. With 45.3% of listings showing a price cut, asking prices are being tested. Sellers should price to the current market rather than to last year's expectations.

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