Market Intelligence · IN / Indianapolis

Indianapolis, IN 46241 Housing Market

The typical home value in Indianapolis 46241 is $154,719, down 1.0% over the past year. The median list price stands at $179,950, with homes spending a median of 52 days on market as of September 2026.

Updated September 2026Median value$155K

The median home value in Indianapolis, IN 46241 is $155K as of September 2026, down 1.0% 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 46241 range

$142K to $167K

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

Sep 2025$156K

Low $155KHigh $159K

Sep 2026$155K

The numbers

What is the 46241 housing market like?

As of September 2026

Typical home value

$155K

1.0%YoY

Median list price

$180K

0.0%MoM

Days on market

10.6%MoM

Homes for sale

4.8%MoM

Price cuts

16.9%

28.8%MoM

New listings

18.8%MoM

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

The outlook

46241 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46241 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 46241 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 46241?

Zillow's forecast does not call for a drop: it expects typical home values in 46241 to rise 2.0% by September 2027, after a 1.0% 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 46241 home prices compare?

46241$154,719
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 46241 ZIP has 66 homes for sale with 38 new listings as of September 2026. A meaningful share of active listings, 16.9%, have already seen price cuts. The median time on market of 52 days suggests properties are taking longer to move than in stronger conditions. Combined with the recent decline in typical home value, the market favors buyers who can wait for opportunity. Sellers should be realistic about timing and pricing.

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Down payment20% · $30,944

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Common questions

What people ask us.

What is the typical home value in 46241?

The typical home value is $154,719 as of September 2026, down 1.0% over the past year.

How many homes are for sale in 46241?

There are 66 homes for sale as of September 2026, with 38 new listings added during that period.

How long do homes stay on the market in 46241?

The median days on market is 52 as of September 2026.

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