Indianapolis, IN 46227 Housing Market
- Active listings67currently for sale
- Pending sales7under contract
- Median asking price$245,000current listings
- Listing age80 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)324a tracked sample, not a market total
- Median sold price$230,000last 6 months
- Middle half of sold prices$190k to $275k25th to 75th percentile
What the numbers say
As of October 26, 2026, Resideline is tracking 67 active listings and 7 pending sales in ZIP code 46227. That pending-to-active ratio of 0.10 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.
The median asking price of current listings is $245,000, while the median of the 324 closed sales Resideline tracked over the last six months was $230,000. 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 46227 for 80 days.
Frequently asked questions
What is the median home price in 46227?
The median closed sale price in Indianapolis, IN 46227 was $230,000 over the last six months, based on 324 closed sales tracked by Resideline. The middle half of those sales ranged from $190,000 to $275,000.
Is 46227 a buyer's or seller's market?
Resideline is currently tracking 7 pending sales against 67 active listings in 46227, a pending-to-active ratio of 0.10. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 46227 is currently a typical-pace market.
Nearby ZIP code market data
- 46220 Indianapolis, IN
- 46239 Indianapolis, IN
- 46203 Indianapolis, IN
- 46237 Indianapolis, IN
- 46201 Indianapolis, IN
- 46219 Indianapolis, IN
- 46217 Indianapolis, IN
- 46222 Indianapolis, IN
- 46229 Indianapolis, IN
- 46235 Indianapolis, IN
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