Market Intelligence · IN / Indianapolis

Indianapolis, IN 46237 Housing Market

The typical home in Indianapolis, IN 46237 is worth $260,400, down 0.2% over the past year as of 2026-08-01. Sellers are listing at a median of $285,750, and homes are taking a median of 54 days to sell.

Updated August 2026Median value$260K

The median home value in Indianapolis, IN 46237 is $260K as of August 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 46237 range

$240K 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 46237 over the last 12 months: $261K in Aug 2025 to $260K in Aug 2026 (-0.2%).

Aug 2025$261K

Aug 2026$260K

The numbers

What is the 46237 housing market like?

Typical home value

$260K

Down0.2%YoY

Median list price

$286K

Down1.3%MoM

Days on market

54

Up1.9%MoM

Homes for sale

136

Up10.6%MoM

Price cuts

34.6%

Up31.2%MoM

New listings

72

Up28.6%MoM

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

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The comparison

How do 46237 home prices compare?

  • 46237$260,400
  • 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

The 46237 market in Indianapolis is steady but soft. The typical home value is $260,400, down 0.2% over the past year, which is a slight decline rather than a sharp drop. There are 136 homes for sale, with 72 new listings coming on the market as of 2026-08-01, so buyers have options. A median of 54 days on market means well-priced homes still sell, but not instantly. With 34.6% of listings carrying a price cut, sellers who price aggressively from the start are in a better position than those who test the market high.

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