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Bos Canal Walk Chatham Arch Fletcher Place Herron Morton Indy East Kingpark Lockefield Gardens Lockerble Square Martindale (Brightwood) Mass Ave Arts District Near North Old Northside Ransom Place Riley Southeast St Joseph United Northwest Upper Canal

INDIANAPOLIS, IN 46202

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46202

Bos · Canal Walk · Chatham Arch · Fletcher Place · Herron Morton · Indy East · Kingpark · Lockefield Gardens · Lockerble Square · Martindale (Brightwood) · Mass Ave Arts District · Near North · Old Northside · Ransom Place · Riley · Southeast · St Joseph · United Northwest · Upper Canal

Market Analysis

Data as of February 2026. Source: Realtor.com.

The INDIANAPOLIS, IN real estate market (46202) currently shows 131 active listings, with 16 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 85 days on market compared to 100 days last year.

The median listing price has risen 2.5% year-over-year, from $450,000 to $461,300.

Whether you are buying or selling in INDIANAPOLIS, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 20,688  ·  Density: 1,458.3/mi²  ·  Median household income: $59,578

Typical home value: $343,067  ·  Homeownership: 29.8%

Market Overview

Active Listings
131
⇩ 8.4% vs 143 last year
Pending
16
12% pending ratio
Median Price
$461,300
⇧ 2.5% vs $450,000 last year
Average Price
$525,441
⇧ 1.2% vs $519,384 last year
Days on Market
85
⇩ 15% vs 100 days last year

Price Per Square Foot

Median $/sqft
$237
⇧ 2.6% vs $231/sqft last year
Median Home Size
2,012 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 131 this year vs 143 last year
  • Days on market: 85 now vs 100 last year

Median & Average Pricing

Year over Year
  • Median: $461,300 (+2.5% YoY)
  • Average: $525,441 (+1.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 1,544 listings ($448,817,782 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46202Indianapolis, IN 462020.0 mi121$66,768,526$449,100$551,806
46208Indianapolis, IN 462082.8 mi128$28,949,376$199,450$226,167
46201Indianapolis, IN 462012.9 mi213$48,286,461$199,900$226,697
46205Indianapolis, IN 462053.4 mi143$51,351,443$304,950$359,101
46203Indianapolis, IN 462034.8 mi229$65,475,222$229,900$285,918
46224Indianapolis, IN 462245.1 mi37$9,284,003$245,000$250,919
46219Indianapolis, IN 462196.2 mi111$23,959,461$197,000$215,851
46214Indianapolis, IN 462146.8 mi43$10,323,440$238,500$240,080
46226Indianapolis, IN 462267.0 mi116$30,181,576$212,700$260,186
46221Indianapolis, IN 462217.4 mi80$17,659,840$220,000$220,748
46217Indianapolis, IN 462177.9 mi103$30,839,127$265,000$299,409
46268Indianapolis, IN 462688.7 mi59$15,328,436$255,000$259,804
46237Indianapolis, IN 462378.9 mi161$50,410,871$275,000$313,111

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46202?

As of February 2026, there are 131 active listings in INDIANAPOLIS, IN (zip code 46202), compared to 143 the prior year.

What is the median home price in INDIANAPOLIS, IN 46202?

The median listing price in INDIANAPOLIS, IN 46202 is $461,300 as of February 2026, a 2.5% increase from $450,000 the prior year.

How long do homes stay on the market in INDIANAPOLIS, IN?

Homes in INDIANAPOLIS, IN 46202 spend an average of 85 days on the market before going under contract, compared to 100 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46202?

Based on current inventory and days-on-market data as of February 2026, INDIANAPOLIS, IN 46202 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 85 days on market compared to 100 days last year.

How much can I save on real estate commission in INDIANAPOLIS, IN?

With SELL123.com's maximum 3% commission, sellers in INDIANAPOLIS, IN 46202 save an estimated $9,226 compared to a typical 5% commission on the median listing price of $461,300. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.