Home Market View

Home prices, listings & rents by city and ZIP code.

… cities & places
Median sale price
<$300K$700K+

ZIP 46227 in Indianapolis, IN: housing market trends

The median home sale price in ZIP 46227 in Indianapolis, IN was $243,179 for the three-month period ending September 2026. Sale prices were 5.7% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$243,179
three-month period ending September 2026
Median sale price per sq ft
$125.84
three-month period ending September 2026
Active listings
316
three-month period ending September 2026
Typical monthly rent
$1,284
Rent index · August 2026

How is housing inventory changing?

There were 316 active listings for the three-month period ending September 2026. Active listings were 3.9% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 25 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 46227 in Indianapolis, IN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$243,179$125.84158
Single-familySeptember 2026$249,837$130.49131
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$119,996$96.6218
Multifamily (2–4 units)September 2026$252,500$107.0810

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 46227 in Indianapolis, IN
MarketMedian sale priceReporting period / source
Southport, IN$265,0303 months ending September 2026 · Redfin
Beech Grove, IN$192,9083 months ending September 2026 · Redfin
Greenwood, IN$322,438Month ending July 2026 · Zillow
New Whiteland, IN$229,3913 months ending September 2026 · Redfin
Whiteland, IN$343,0373 months ending September 2026 · Redfin
Indianapolis, IN$258,593Month ending July 2026 · Zillow

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 46227 in Indianapolis, IN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$243,179$125.84316
August 2026$243,250$126.55331
July 2026$239,950$129.14318
June 2026$234,950$128.42298
May 2026$234,250$130.04301
April 2026$225,000$130.95271
March 2026$218,000$130.88238
February 2026$225,000$126.73244
January 2026$225,000$134.08261
December 2025$230,000$132.85269
November 2025$230,000$133.54296
October 2025$230,000$135.16313
September 2025$230,000$144.05304
August 2025$230,000$146.36285
July 2025$225,000$144.02282
June 2025$229,000$140.11270
May 2025$235,000$138.27261
April 2025$236,000$134.96239
March 2025$235,000$134.26220
February 2025$223,000$135.72212
January 2025$229,500$143.12211
December 2024$230,000$140.34212
November 2024$237,500$141.51235
October 2024$235,000$135.85235

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

Look up price per square foot by ZIP codeBrowse all IN markets