Call or Text (240) SELL-123
Near North United Northwest

INDIANAPOLIS, IN 46208

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

Neighborhoods in ZIP 46208

Near North · United Northwest

Market Analysis

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

The INDIANAPOLIS, IN real estate market (46208) currently shows 131 active listings, with 38 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 73 days on market compared to 70 days last year.

The median listing price has risen 3.4% year-over-year, from $202,925 to $209,925.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for INDIANAPOLIS, IN 46208 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 22,729  ·  Density: 1,272.5/mi²  ·  Median household income: $46,693

Typical home value: $160,679  ·  Homeownership: 52.2%

Market Overview

Active Listings
131
⇧ 10.1% vs 119 last year
Pending
38
29% pending ratio
Median Price
$209,925
⇧ 3.4% vs $202,925 last year
Average Price
$247,272
⇩ 15.3% vs $292,072 last year
Days on Market
73
⇧ 4.3% vs 70 days last year

Price Per Square Foot

Median $/sqft
$140
⇧ 18.6% vs $118/sqft last year
Median Home Size
1,618 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 131 this year vs 119 last year
  • Days on market: 73 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $209,925 (+3.4% YoY)
  • Average: $247,272 (-15.3% 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 8.5 miles — 1,146 listings ($311,024,937 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46208Indianapolis, IN 462080.0 mi128$28,949,376$199,450$226,167
46228Indianapolis, IN 462282.3 mi48$20,278,848$304,000$422,476
46222Indianapolis, IN 462223.1 mi93$16,824,723$162,500$180,911
46218Indianapolis, IN 462184.1 mi162$25,874,802$150,000$159,721
46201Indianapolis, IN 462014.8 mi213$48,286,461$199,900$226,697
46260Indianapolis, IN 462605.1 mi64$32,620,352$300,000$509,693
46225Indianapolis, IN 462255.7 mi66$17,981,766$250,000$272,451
46240Indianapolis, IN 462406.4 mi42$25,082,148$395,000$597,194
46214Indianapolis, IN 462146.6 mi43$10,323,440$238,500$240,080
46219Indianapolis, IN 462197.4 mi111$23,959,461$197,000$215,851
46250Indianapolis, IN 462507.9 mi41$16,780,685$335,000$409,285
46234Indianapolis, IN 462348.2 mi70$31,921,330$304,900$456,019
46241Indianapolis, IN 462418.5 mi65$12,141,545$185,000$186,793

Frequently Asked Questions

How many homes are for sale in INDIANAPOLIS, IN 46208?

As of February 2026, there are 131 active listings in INDIANAPOLIS, IN (zip code 46208), compared to 119 the prior year.

What is the median home price in INDIANAPOLIS, IN 46208?

The median listing price in INDIANAPOLIS, IN 46208 is $209,925 as of February 2026, a 3.4% increase from $202,925 the prior year.

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

Homes in INDIANAPOLIS, IN 46208 spend an average of 73 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in INDIANAPOLIS, IN 46208?

Based on current inventory and days-on-market data as of February 2026, INDIANAPOLIS, IN 46208 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 73 days on market compared to 70 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 46208 save an estimated $4,199 compared to a typical 5% commission on the median listing price of $209,925. 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.