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Indianapolis, IN 46203 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Indianapolis, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 141141PendingPending sales: 1212
Indianapolis, IN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $208k$208kSoldMedian sold price (last 6 months): $197k$197k
What homes actually sell for in Indianapolis, IN
Distribution of 385 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $144k to $310k
$72k to $128k: 62 sales$72k$128k to $184k: 92 sales92sales$184k to $239k: 72 sales$184k$239k to $295k: 34 sales$295k to $351k: 43 sales$295k$351k to $406k: 22 sales$406k to $462k: 14 sales$406k$462k to $518k: 7 salesMedian $197k

What the numbers say

As of September 14, 2026, Resideline is tracking 141 active listings and 12 pending sales in ZIP code 46203. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $207,500, while the median of the 385 closed sales Resideline tracked over the last six months was $197,050. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 46203 for 67 days.

Frequently asked questions

What is the median home price in 46203?

The median closed sale price in Indianapolis, IN 46203 was $197,050 over the last six months, based on 385 closed sales tracked by Resideline. The middle half of those sales ranged from $144,500 to $310,000.

Is 46203 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 141 active listings in 46203, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 46203 currently looks like a balanced market.

Nearby ZIP code market data

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