Market Intelligence · IN / Indianapolis

Indianapolis, IN 46254 Housing Market

The typical home value in Indianapolis, IN 46254 is $221,707, up 0.4% over the past year. The median list price is $235,000, and homes spend a median of 44 days on market. Values here are essentially flat.

Updated August 2026Median value$222K

The median home value in Indianapolis, IN 46254 is $222K as of August 2026, up 0.4% 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 46254 range

$204K to $239K

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

+0.4% over 12 months

Typical home value in 46254 over the last 12 months: $221K in Aug 2025 to $222K in Aug 2026 (+0.4%).

Aug 2025$221K

Aug 2026$222K

The numbers

What is the 46254 housing market like?

Typical home value

$222K

Up0.4%YoY

Median list price

$235K

Down1.3%MoM

Days on market

44

Flat0.0%MoM

Homes for sale

72

Up4.3%MoM

Price cuts

27.8%

Up48.0%MoM

New listings

44

Up10.0%MoM

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

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The comparison

How do 46254 home prices compare?

  • 46254$221,707
  • 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

The 46254 market in Indianapolis shows steady but modest conditions. The typical home value is $221,707, up 0.4% over the past year, which points to stable pricing rather than strong growth. There are 72 homes for sale, with 44 new listings coming on, and the median list price sits at $235,000. Homes take a median of 44 days to sell, and 27.8% of listings have had a price cut. For a seller, this means pricing realistically from the start matters, because buyers here have room to negotiate.

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