Indianapolis-Carmel-Greenwood, IN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Indianapolis-Carmel-Greenwood market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Indianapolis-Carmel-Greenwood, IN.
The Indianapolis-Carmel-Greenwood metropolitan area is exhibiting cooling market conditions, primarily driven by a pending ratio of 0.44. This reflects a significant demand absorption deceleration, with active listings having increased by 19.9% over the past year.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Sep 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Sep 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Indianapolis-Carmel-Greenwood market right now.
Active listings have expanded by 19.9% year-over-year, reaching 6,869 units, while new listings saw a more modest 1.6% increase. This divergence has contributed to an elevated supply environment. The median listing price declined by 4.1% over the past year, concurrent with a 10.1% year-over-year decrease in the pending ratio. Properties are remaining on the market longer, with the median days on market extending by 11.7% from the prior year.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
Current market dynamics suggest that demand absorption is lagging supply, contributing to a more measured pace of transactions. The increase in active listings and median days on market implies that buyers may encounter a wider selection of properties and potentially greater latitude for price negotiation. Price discipline from sellers is likely being tested in this environment.
The average listing price in the Indianapolis-Carmel-Greenwood market decreased by 2.9% year-over-year, while the median listing price saw a more pronounced 4.1% decline. This, combined with a positive year-over-year median $/sqft growth of 4.7% amid overall cooling, suggests that the upper price tiers may be experiencing disproportionate price adjustments relative to the broader market, as indicated by the elevated average-to-median spread.
6,869 active listings represent the current floor, with new supply arriving at roughly 3,064 per month.
of active listings carry a price reduction, +0.8% from prior period.
Median price per square foot has moved +4.7% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Indianapolis-Carmel-Greenwood, IN? Homes here are taking 6 days longer to sell than last year.
Indianapolis-Carmel-Greenwood, IN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 44%
- Median Days on Market
- 53 days
- Inventory YoY
- +20%
Indianapolis-Carmel-Greenwood, IN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
Check my home's Sold Score →Prefer the data first? Get the monthly Indianapolis-Carmel-Greenwood, IN briefing and watch the market before you list.
How the Sold Score works →Agents: no featured expert covers Indianapolis-Carmel-Greenwood, IN yet — claim this market →
The Monthly Briefing
Stay ahead of the Indianapolis-Carmel-Greenwood market.
One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.
Track your ZIP
Get the Sold Score for your exact ZIP code in your inbox each month.
Metro Demographics
ZIPs in Indianapolis-Carmel-Greenwood, IN
46203
indianapolis
$230K
259 active · 67 DOM
46201
indianapolis
$200K
249 active · 62 DOM
46074
westfield
$511K
215 active · 50 DOM
46143
greenwood
$375K
211 active · 59 DOM
46205
indianapolis
$296K
172 active · 59 DOM
46218
indianapolis
$150K
168 active · 69 DOM
46202
indianapolis
$428K
161 active · 66 DOM
46237
indianapolis
$289K
152 active · 45 DOM
46239
indianapolis
$324K
148 active · 54 DOM
46140
greenfield
$302K
145 active · 49 DOM
46037
fishers
$425K
141 active · 48 DOM
46123
avon
$361K
139 active · 49 DOM
46208
indianapolis
$211K
131 active · 65 DOM
46227
indianapolis
$245K
131 active · 53 DOM
46226
indianapolis
$164K
129 active · 68 DOM
46219
indianapolis
$197K
126 active · 40 DOM
46062
noblesville
$400K
123 active · 41 DOM
46032
carmel
$574K
116 active · 50 DOM
Sorted by active inventory · click a ZIP for its full report