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Indianapolis, IN 46203 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Indianapolis, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 142142PendingPending sales: 77
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): $247k$247kSoldMedian sold price (last 6 months): $190k$190k
What homes actually sell for in Indianapolis, IN
Distribution of 400 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $135k to $300k
$70k to $126k: 73 sales$70k$126k to $182k: 98 sales98sales$182k to $238k: 74 sales$182k$238k to $294k: 31 sales$294k to $350k: 36 sales$294k$350k to $406k: 26 sales$406k to $462k: 14 sales$406k$462k to $518k: 8 salesMedian $190k

What the numbers say

As of October 5, 2026, Resideline is tracking 142 active listings and 7 pending sales in ZIP code 46203. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $247,450, while the median of the 400 closed sales Resideline tracked over the last six months was $190,000. 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 80 days.

Frequently asked questions

What is the median home price in 46203?

The median closed sale price in Indianapolis, IN 46203 was $190,000 over the last six months, based on 400 closed sales tracked by Resideline. The middle half of those sales ranged from $135,000 to $300,000.

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

Resideline is currently tracking 7 pending sales against 142 active listings in 46203, a pending-to-active ratio of 0.05. 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

Full Indianapolis, IN housing market report →

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