Market Intelligence · IN / Indianapolis

Indianapolis, IN 46239 Housing Market

The typical home in Indianapolis, IN 46239 is valued at $293,358, down 0.1% over the past year as of 2026-08-01. The median list price is $329,000, and homes spend a median of 60 days on the market.

Updated August 2026Median value$293K

The median home value in Indianapolis, IN 46239 is $293K as of August 2026, down 0.1% 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 46239 range

$270K to $317K

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

-0.1% over 12 months

Typical home value in 46239 over the last 12 months: $294K in Aug 2025 to $293K in Aug 2026 (-0.1%).

Aug 2025$294K

Aug 2026$293K

The numbers

What is the 46239 housing market like?

Typical home value

$293K

Down0.1%YoY

Median list price

$329K

Down1.2%MoM

Days on market

60

Up9.1%MoM

Homes for sale

125

Down2.3%MoM

Price cuts

26.7%

Up36.8%MoM

New listings

52

Flat0.0%MoM

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

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The comparison

How do 46239 home prices compare?

  • 46239$293,358
  • 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 were 125 homes for sale in 46239 as of 2026-08-01, with 52 new listings entering the market. The median list price is $329,000 while the typical home value sits at $293,358, down 0.1% over the past year. Homes are taking a median of 60 days to sell, and 26.7% of listings have taken a price cut. Asking prices are running above typical values, and reductions are common enough that buyers have room to negotiate. A seller should price to the market from the start rather than plan on cutting later.

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