MONEY GLOBE XIndianapolis, IN housing market: home values, sales and rents
The typical home value in the Indianapolis, IN metro area was $291,634 in September 2026, up 1.0% over a year and up 22.6% over five years. Across the United States the typical value was $366,157 (up 1.2% over a year). Homes sold at 99.0% of their asking price, with 3.7 months of supply on the market. Typical rent was $1,528 a month. Our simple reading of these numbers: balanced market.
Updated November 04, 2026.
Reading: Balanced market
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| Typical home value | $291,634 | +1.0% | September 2026 |
| Typical value — lower-priced third | $181,002 | +0.7% | September 2026 |
| Typical value — higher-priced third | $485,956 | +2.1% | September 2026 |
| Median sale price | $310,000 | +5.1% | August 2026 |
| Median list price | $299,900 | -1.7% | September 2026 |
| Sale price vs asking price | 99.0% | +0.1 pts | August 2026 |
| Homes sold above asking | 21% | no change | August 2026 |
| Homes sold (month) | 2,493 | -2.5% | September 2026 |
| New listings (month) | 2,772 | -2.7% | September 2026 |
| Homes for sale | 9,218 | +10.8% | September 2026 |
| Months of supply | 3.7 months | +0.4 | September 2026 |
| Sales-to-new-listings ratio | 90% | +0.1 pts | September 2026 |
| Days to an accepted offer (median) | 23 days | +5.0 | September 2026 |
| Typical rent (all homes) | $1,528 | +3.5% | September 2026 |
| Zillow market heat index buyer's market on Zillow's scale (0–100) | 31 | -4.0 | September 2026 |
Typical home value (Zillow Home Value Index)
What the numbers say
- Zillow market heat index 31 of 100: buyer's market on Zillow's scale (0–100).
- 3.7 months of supply: normal (3 to 6).
- The typical home sells at 99.0% of its asking price.
- Homes sold equal 90% of new listings this month, slower than this city's usual pace (114% on average since 2018).
- Typical home value up 1.0% over a year.
Source: Zillow Research (zillow.com/research/data).
Metro-area statistics from Zillow Research. The sales-to-new-listings ratio and months of supply are calculated by Money Globe X from Zillow's counts of homes sold, new listings and homes for sale.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
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Updated November 04, 2026. Sources: Zillow Research. Educational information only - not financial advice.