Photo: Carol M. Highsmith · Public domain11,256 homes sold in Indianapolis in the last year, at a typical $247K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Indianapolis homes are listed.
Every place Indianapolis homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Indianapolis.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
9% of Indianapolis’ sales are condos, at $57K less than a house
9640 houses and 988 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 9640 sold in 12 months
- Per square foot
- $141IN $148
- Days to sell
- 29
- Sold over asking
- 20%
- Listings with a price cut
- 40%
typical sale · 988 sold in 12 months
- Per square foot
- $143IN $160
- Days to sell
- 42
- Sold over asking
- 10%
- Listings with a price cut
- 36%
Multi-family (2–4 units): 514 sold, typical $205K
Townhouses: 114 sold, typical $301K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
11,256 sales in the last year, against 16,517 in 2021 and a low of 10,161 in 2012. The typical sale went from $125K in 2016 to $247K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Indianapolis
Check a listing against what Indianapolis homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Indianapolis are back to pre-pandemic levels, with about as many homes for sale
We read every month of Indianapolis’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 11,256 sales.
If you’re buying in Indianapolis
- Shop in October. It brings about 1297 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- You can negotiate. 39% of listings have cut their price, against 32% before the pandemic.
- Offer under asking. Buyers paid 97.6% of the list price on average; 18% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 30 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 1563 a month), and the most competition: 30% close over asking. September and October offer nearly as much choice with fewer homes bid up (23%). January has the least competition (17%) but only about 903 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Indiana State as a whole
| Indianapolis now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 18% | 19% | 43% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 45% | 60% | 37% |
| Listings with a price cutShare of homes for sale that cut their price | 39% | 32% | 35% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 97.6% | 97.2% | 100.3% | 97.7% |
| Days to sellMedian days from listing to contract | 30 | 27 | 7 | 35 |
2785 homes for sale on a typical day
That’s twice the 2021 low (1392), 10% more than in 2017–19 and well under 2012’s 5666.
1 in 3 listings has cut its price
39% in the last year, against 32% in 2017–19 and 33% across Indiana State. More sellers are pricing high and coming down.
Since 2019, houses are up 59%, condos 45%
A house typically sold for $254K in the last year (9640 sales), a condo for $198K (988).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Indianapolis ranks 67th of 132 busy Indiana State markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Indianapolis is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Indianapolis home costs about $1,476 a month
Price: Indianapolis’ typical sale, last 12 months. Property tax at Indianapolis’ 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Indianapolis is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 699.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $247K home, about $2,240 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Indianapolis.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Beech Grove, Speedway and Decatur Township sell for less a square foot; Meridian Hills for far more
The busier markets within 25 miles of Indianapolis, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Indianapolis | 11,256 | $247K | $140 | 18% | 30 |
| Beech Grove | 212 | $201K | $123 | 18% | 31 |
| Decatur Township | 116 | $184K | $132 | 22% | 27 |
| Speedway | 108 | $264K | $127 | 20% | 27 |
| Meridian Hills | 33 | $1M | $258 | 9% | 37 |
| Southport | 25 | $238K | $152 | 4% | 43 |
| Clermont | 23 | $259K | $143 | 26% | 22 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Indianapolis, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Indianapolis. People who follow the town see it, and so do people comparing Indianapolis with their own town. No commission, no listing fee.
Questions about buying a home in Indianapolis
What do homes sell for in Indianapolis, IN?
11,256 homes sold in the year to May 2026 at a typical $247K, $140 a square foot. Houses sold for about $254K, condos for about $198K.
Is Indianapolis a buyer’s or seller’s market?
A seller’s market: 2642 homes were for sale in May 2026 and 1169 sold, about 2.3 months of supply. Buyers paid 97.6% of asking on average, and 39% of listings cut their price.
When is the best time to buy in Indianapolis?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Indianapolis?
About 0.9% of a home’s value a year. On a $247K home that’s near $2,240.
Where can I see homes for sale in Indianapolis?
Zillow, Redfin, Realtor.com and Homes.com all carry Indianapolis’ MLS listings; the search links above open each one filtered to Indianapolis.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).