The Downtown Indianapolis housing market is somewhat competitive. The median sale price of a home in Downtown Indianapolis was $366K last month, down 10.7% since last year. The median sale price per square foot in Downtown Indianapolis is $289, up 20.9% since last year.
What is the housing market like in Downtown Indianapolis today?
In September 2024, Downtown Indianapolis home prices were down 10.7% compared to last year, selling for a median price of $366K. On average, homes in Downtown Indianapolis sell after 47 days on the market compared to 52 days last year. There were 67 homes sold in September this year, down from 71 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$366,000
-10.7% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Downtown Indianapolis, IN
$366,000
-10.7%
United States
To compare other locations to the Downtown Indianapolis and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Indianapolis add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Indianapolis
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How hot is the Downtown Indianapolis housing market?
Downtown Indianapolis is somewhat competitive. Homes sell in 35 days.
0
100
38
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 35 days.
Hot homes
can sell for about 1% below list price and go pending in around 13 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
96.7%
+0.8 pt YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Downtown Indianapolis, IN
96.7%
+0.8 pt
United States
View houses in Downtown Indianapolis that sold recently
Learn about schools in the Downtown Indianapolis area
Elementary
Middle
High
GreatSchools Rating
5/10
Center For Inquiry School 2
Public • K-8
438
Students
16 reviews
4/10
William Penn School 49
Public • PreK-8
593
Students
3 reviews
4/10
Edison School of the Arts 47
Public • K-8
588
Students
N/A
NR
Wendell Phillips School 63
Public • PreK-6
498
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Indianapolis housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Indianapolis.
Flood Factor - Moderate
35% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Indianapolis has a moderate risk of flooding. 582 properties in Downtown Indianapolis are likely to be
severely affected
by flooding over the next 30 years. This represents 35% of all properties in Downtown Indianapolis. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Indianapolis has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Indianapolis is most at risk from hurricanes. 5,254 properties in Downtown Indianapolis have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 46 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 51 mph.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Indianapolis has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Indianapolis have a Moderate Heat Factor®.
Downtown Indianapolis is expected to see a 185% increase in the number of days over 101ºF over the next 30 years. Downtown Indianapolis is expected to experience 8