Indianapolis, IN metro area Housing Market Brief
metro · IN · score computed October 2026
What is Indianapolis, IN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Indianapolis, IN metro area in its market cycle?
Indianapolis, IN metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Indianapolis, IN metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Indianapolis, IN metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $319K | ▲ +2.3% | Redfin |
| Median Days on Market | 34 days | ▲ +13.3% | Redfin |
| Months of Supply | 2.9 | ▲ +7.4% | Redfin |
| Homes for Sale | 7,366 | ▲ +11.2% | Redfin |
| Homes Sold | 2,585 | ▲ +3.2% | Redfin |
| Median Price / Sq Ft | $157 | ▲ +0.7% | Redfin |
How has Indianapolis, IN metro area’s Alpha Score moved?
Markets like Indianapolis, IN metro area
- Winston-Salem, NC metro area, NCmetro52
- Richmond, KY metro area, KYmetro49
- Greensboro, NC metro area, NCmetro53
- Blacksburg, VA metro area, VAmetro50
- Kansas City, MO metro area, MOmetro51
- Oklahoma City, OK metro area, OKmetro55
- Gary, IN metro area, INmetro56
- New Bern, NC metro area, NCmetro53
- Yuma, AZ metro area, AZmetro51
- Waco, TX metro area, TXmetro49
Frequently asked questions
Is Indianapolis, IN metro area a buyer's or seller's market?
In the scores computed October 2026, Indianapolis, IN metro area is classified as a Balanced Market, based on its Alpha Score of 54 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Indianapolis, IN metro area?
The median sale price in Indianapolis, IN metro area is $319K, having risen 2.3% over the past year, according to Redfin.
How affordable is Indianapolis, IN metro area?
Indianapolis, IN metro area scores 45 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Indianapolis, IN metro area's Alpha Score?
Indianapolis, IN metro area's strongest dimension is Inventory Health (68/100) and its weakest is Affordability (45/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Indianapolis, IN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.