Real Estate Market Update for Indianapolis, IN
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 16% from one year earlier, and down 19% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 150-thousand dollars. The number of units sold decreased 11% year-over-year, and increased 5% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Indianapolis, IN

Area Information for Indianapolis, IN
  • Population: 871,521
  • Median Age: 36.86 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 2,411/sq mi
  • Population Change Since 2000: 11.22%
  • Closest Airport: Indianapolis International
  • Closest College: Herron School Of Art And Design
  • Closest Jr. College: Ivy Tech Community Cllg-central Indiana
  • Median Household Income: $47,751
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $162,697
  • Closest Major Sports Team: Indiana Fever
  • Change Avg. Household Income Since 2000: 28.36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Indianapolis, IN
Median Age: 36.86 Married: 30% Number of Households: 353,943 Households with Children: 94,720
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Indianapolis, IN

      School Name Distance Type Grades School Rating
      Center For Inquiry 2 0.5 mi Public K-8 4
      Herron High School 1.3 mi Public 9-12 5
      Center For Inquiry 27 1.6 mi Public PRESCHOOL-6 2
      Southeast Neighborhood School Of Excellence (sense) 1.7 mi Public K-8 1
      Excel Center For Adult Learners 2.1 mi Public 9-12 1
      George And Veronica Phalen Leadership Academy 2.1 mi Public K-2 2
      George W Carver School 87 2.3 mi Public PRESCHOOL-8 3
      Paramount School Of Excellence - Brookside 2.4 mi Public K-8 4
      Vanguard Collegiate Of Indy 2.6 mi Public 5-8 1
      Christel House Academy - South 2.9 mi Public K-12 2
      Ips/butler University Laboratory School 60 3.2 mi Public PRESCHOOL-8 2
      Emma Donnan Elementary School 3.3 mi Public K-6 1
      Victory College Prep 3.9 mi Public K-12 1
      Charles A Tindley Accelerated School 4.5 mi Public 6-12 2
      Avondale Meadows Middle School 4.5 mi Public 6-8 1
      Avondale Meadows Academy (formerly The Challenge Foundation Academy) 4.5 mi Public K-5 1
      Tindley Genesis Academy 4.7 mi Public K-6 2
      Center For Inquiry School 70 4.9 mi Public K-8 2
      Speedway Junior High School 5.2 mi Public 7-8 5
      Carl G Fisher Elementary School 1 5.2 mi Public PRESCHOOL-6 3
      Irvington Community School 5.3 mi Public K-5 2
      Rousseau Mc Clellan 91 5.4 mi Public PRESCHOOL-8 2
      James A Allison Elementary School 3 5.6 mi Public K-6 3
      Abraham Lincoln Elementary School 5.6 mi Public 1-5 2
      Arthur C Newby Elementary School 2 5.8 mi Public K-6 4
      Indiana Math & Science Academy - West 5.8 mi Public K-8 2
      William Henry Burkhart Elementary School 5.9 mi Public 1-5 3
      Speedway Senior High School 5.9 mi Public 9-12 5
      Center For Inquiry 84 6.1 mi Public K-8 5
      Jeremiah Gray-edison Elementary School 6.2 mi Public 1-5 3
      Southport Middle School 6.2 mi Public 7-8 3
      Frank H Wheeler Elementary School 4 6.2 mi Public K-6 3
      Chapel Hill 7th & 8th Grade Center 6.3 mi Public 7-8 1
      Ben Davis University High School 6.4 mi Public 10-12 3
      Crooked Creek Elementary School 6.4 mi Public K-5 3
      Merle Sidener Gifted Academy 6.6 mi Public 2-8 5
      Guion Creek Elementary School 6.8 mi Public K-5 2
      Mcclelland Elementary School 6.8 mi Public K-6 2
      Homecroft Elementary School 7.1 mi Public 1-5 3
      Chapelwood Elementary School 7.3 mi Public K-6 2
      Achieve Virtual Education Academy 7.3 mi Public 9-12 2
      Eastwood Middle School 7.5 mi Public 6-8 4
      Arlington Elementary School 7.6 mi Public K-3 4
      Gold Academy 7.8 mi Public 1-6 1
      Blue Academy 7.8 mi Public 1-6 1
      Southport Elementary School 7.8 mi Public 1-5 4
      Douglas Macarthur Elementary School 8.1 mi Public 1-5 3
      Thompson Crossing Elementary School 8.1 mi Public K-3 4
      New Augusta Public Academy-north 8.1 mi Public 6-8 2
      Westlane Middle School 8.2 mi Public 6-8 2
      Hoosier Academy - Indianapolis 8.3 mi Public K-12 1
      Perry Meridian Middle School 8.3 mi Public 7-8 4
      Eagle Creek Elementary School 8.3 mi Public K-5 2
      Perry Meridian High School 8.3 mi Public 9-12 2
      Rosa Parks-edison Elementary School 8.4 mi Public 1-5 4
      Indiana Math & Science Academy - North 8.5 mi Public K-7 1
      Mary Bryan Elementary School 8.8 mi Public 1-5 3
      Franklin Township Middle School West 8.8 mi Public 6-8 4
      Bunker Hill Elementary School 8.9 mi Public K-3 4
      Glenns Valley Elementary School 9.0 mi Public 1-5 4
      Grassy Creek Elementary School 9.1 mi Public K-4 4
      Robey Elementary School 9.1 mi Public K-6 2
      Bridgeport Elementary School 9.2 mi Public K-6 1
      Pike High School 9.4 mi Public 9-12 2
      Spring Mill Elementary School 9.5 mi Public K-5 2
      Allisonville Elementary School 9.5 mi Public 1-5 4
      Franklin Central High School 9.6 mi Public 9-12 4
      Northview Middle School 9.6 mi Public 6-8 2
      Indiana Connections Career Academy 9.7 mi Public 9-11 1
      Indiana Connections Acad Virtual Pilot 9.7 mi Public K-12 2
      Lillie Idella Kitley Elementary 9.9 mi Public K-5 2
      North Central High School 10.0 mi Public 9-12 3
      Crestview Elementary School 10.1 mi Public 1-6 2
      Mary Adams Elementary School 10.2 mi Public K-3 4
      Greenwood Northeast Elementary School 10.2 mi Public K-5 3
      Andrew J Brown Academy 10.3 mi Public K-8 1
      North Grove Elementary School 10.3 mi Public K-5 4
      College Park Elem School 10.6 mi Public K-5 1
      Pleasant Grove Elementary School 10.7 mi Public K-5 4
      South Creek Elementary School 10.7 mi Public K-3 5
      Forest Glen Elementary School 10.8 mi Public 1-6 4
      Lawrence North High School 10.9 mi Public 9-12 2
      Center Grove Middle School North 10.9 mi Public 6-8 5
      V O Isom Central Elementary School 10.9 mi Public K-5 3
      Franklin Township Middle School East 11.2 mi Public 6-8 3
      Sugar Grove Elementary School 11.5 mi Public PRESCHOOL-5 4
      Southwest Elementary School 11.5 mi Public K-5 4
      Greenwood Community High School 11.5 mi Public 9-12 4
      Westwood Elementary School 11.5 mi Public PRESCHOOL-5 4
      Orchard Park Elementary School 11.7 mi Public PRESCHOOL-5 4
      Mary Evelyn Castle Elementary School 11.8 mi Public 1-6 3
      Greenwood Middle School 12.2 mi Public 6-8 4
      Acton Elementary School 12.6 mi Public K-3 4
      Fishback Creek Public Academy 12.7 mi Public K-5 3
      Grassy Creek Elementary 13.2 mi Public K-5 3
      Clark Pleasant Middle School 13.3 mi Public 6-8 4
      Center Grove Elementary School 13.4 mi Public K-5 5
      Center Grove Middle School Central 13.5 mi Public 6-8 5
      Center Grove High School 13.6 mi Public 9-12 5
      Amy Beverland Elementary School 13.7 mi Public 1-6 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Indianapolis, IN
        Data powered by Attom Data Solutions. Copyright© 2021. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
        CHOOSE YOUR LANGUAGE