Market Intelligence · IN / Indianapolis

Indianapolis, IN 46240 Housing Market

The typical home value in Indianapolis, IN 46240 is $364,930, up 0.9% over the past year. The median list price stands at $401,188, with homes spending a median of 55 days on market as of September 2026.

Updated September 2026Median value$365K

The median home value in Indianapolis, IN 46240 is $365K as of September 2026, up 0.9% 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.

Sell without the wait

Sell your Indianapolis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 46240 range

$336K to $394K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 46240 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Indianapolis, IN.

12-month value trend

+0.9% over 12 months

Sep 2025$362K

Low $362KHigh $369K

Sep 2026$365K

The numbers

What is the 46240 housing market like?

As of September 2026

Typical home value

$365K

0.9%YoY

Median list price

$401K

7.0%MoM

Days on market

7.8%MoM

Homes for sale

4.2%MoM

Price cuts

34.9%

39.6%MoM

New listings

25.0%MoM

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

The outlook

46240 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46240 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 46240 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 46240?

Zillow's forecast does not call for a drop: it expects typical home values in 46240 to rise 1.9% by September 2027, after a 0.9% rise 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.

Free home value report

See what your 46240 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 46240 home prices compare?

46240$364,930
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 46240 ZIP has 46 homes for sale, with 18 new listings added in September 2026. About one-third of active listings, specifically 34.9%, have already received price cuts. The median days on market of 55 suggests steady but unhurried buyer interest. Modest appreciation of 0.9% year-over-year signals a market that is neither surging nor declining. If you are considering selling, the volume of price reductions and moderate price growth suggest you should price competitively and be realistic about current buyer demand.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $72,986

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 46240?

The typical home value is $364,930, up 0.9% over the past year as of September 2026.

How many homes are currently for sale in 46240?

There are 46 homes for sale as of September 2026, with 18 new listings added that month.

How long do homes take to sell in 46240?

The median time on market is 55 days as of September 2026.

Discover

Nearby ZIP markets.

Keep reading