Market Intelligence · IN / Indianapolis

Indianapolis, IN 46239 Housing Market

Homes in Indianapolis, IN 46239 have a typical value of $292,364, down 0.2% over the past year. The median list price stands at $323,675, with homes taking a median of 54 days to sell as of September 2026.

Updated September 2026Median value$292K

The median home value in Indianapolis, IN 46239 is $292K as of September 2026, down 0.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 46239 range

$269K to $316K

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

Sep 2025$293K

Low $292KHigh $296K

Sep 2026$292K

The numbers

What is the 46239 housing market like?

As of September 2026

Typical home value

$292K

0.2%YoY

Median list price

$324K

1.6%MoM

Days on market

10.0%MoM

Homes for sale

148

18.4%MoM

Price cuts

34.1%

28.0%MoM

New listings

26.9%MoM

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

The outlook

46239 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46239 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46239 fell 0.2%, per the Zillow Home Value Index.

Will home prices drop in 46239?

Zillow's forecast does not call for a drop: it expects typical home values in 46239 to rise 1.6% by September 2027, after a 0.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 46239 home prices compare?

46239$292,364
Indianapolis$253,595
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

The 46239 ZIP has 148 homes for sale and 66 new listings as of September 2026. A significant share of listings, 34.1%, carry a price cut. With homes on the market for a median of 54 days and list prices running above typical home value, the market is favoring buyers over sellers right now. If you're considering a sale, expect to position your price carefully and wait longer than you might prefer.

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Common questions

What people ask us.

What is the typical home value in 46239?

The typical home value in Indianapolis, IN 46239 is $292,364, down 0.2% over the past year as of September 2026.

How many homes are for sale in this ZIP?

There are 148 homes for sale in 46239, with 66 new listings as of September 2026.

How long do homes typically stay on the market here?

Homes in this ZIP have a median of 54 days on market as of September 2026.

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