Market Intelligence · IN / Indianapolis

Indianapolis, IN 46231 Housing Market

The typical home in Indianapolis 46231 is valued at $260,056, down 0.2% over the past year. The median list price is $259,000, and homes are taking a median of 42 days on market.

Updated June 2026Median value$260K

The median home value in Indianapolis, IN 46231 is $260K as of June 2026, down 0.2% 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 46231 range

$239K to $281K

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

-0.2% over 12 months

Typical home value in 46231 over the last 12 months: $261K in Jun 2025 to $260K in Jun 2026 (-0.2%).

Jun 2025$261K

Jun 2026$260K

The numbers

What is the 46231 housing market like?

Typical home value

$260K

Down0.2%YoY

Median list price

$259K

Days on market

42

Up140.0%MoM

Homes for sale

17

Price cuts

40.0%

New listings

10

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

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The comparison

How do 46231 home prices compare?

  • 46231$260,056
  • 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

The market in 46231 shows 17 homes for sale as of June 2026, with 10 new listings added. The median list price sits at $259,000, close to the typical home value of $260,056, which has slipped 0.2% over the past year. Homes are spending a median of 42 days on market, and 40.0% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing matters more than holding out for a premium.

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