How much is a home in 46240 worth?

The typical home value in 46240 is $365,585, up 1.0% over the past year. The median list price is $375,000.

How long does it take to sell a home in 46240?

Homes in 46240 are spending a median of 51 days on market. With 48 homes for sale and 24 new listings, buyers have options, so well-priced homes move faster.

Are sellers in 46240 cutting prices?

Yes, 25.0% of listings in 46240 have had a price cut. That suggests some sellers are starting above what the market will support.

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46240 Housing Market

The typical home value in Indianapolis, IN 46240 is $365,585, up 1.0% over the past year. Sellers are listing at a median of $375,000, and homes are spending a median of 51 days on market before selling.

Updated August 2026Median value$366K

The median home value in Indianapolis, IN 46240 is $366K as of August 2026, up 1.0% 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 46240 range

$336K to $395K

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

+1.0% over 12 months

Aug 2025$362K

Low $362KHigh $369K

Aug 2026$366K

The numbers

What is the 46240 housing market like?

As of August 2026

Typical home value

$366K

1.0%YoY

Median list price

$375K

4.6%MoM

Days on market

0.0%MoM

Homes for sale

2.0%MoM

Price cuts

25.0%

5.0%MoM

New listings

9.1%MoM

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

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The comparison

How do 46240 home prices compare?

46240$365,585
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

Home values in 46240 have been fairly steady, with the typical home value at $365,585, up 1.0% over the past year. The median list price sits at $375,000, slightly above that typical value. There are 48 homes for sale, with 24 new listings coming on the market. Homes are taking a median of 51 days to sell, and 25.0% of listings have had a price cut. For a seller, this is a steady but patient market, and pricing close to what buyers will actually pay matters.

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