Google street view image for 5931 Gray Rd, Indianapolis, IN 46237

OFF MARKET

$245,537

•

1 ba

•

2,046

sq ft

5931 Gray Rd, Indianapolis, IN 46237

About this home

5931 Gray Rd is a 2,046 square foot house on a 0.83 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Indianapolis data, we estimate the home's value is $245,537.

Single-familyProperty Type

1962Year Built

0.83 acresLot Size

$120Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$245,537

$9,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.6% higher than the average sale price ($218K) of 6 comparable homes.

SOLD AUG 5, 2026
$135,000
A
3 beds1 bath2,286 sq ft
4429 Dudley North Dr, Indianapolis, IN 46237
SOLD JUL 31, 2026
$200,000
B
3 beds1.5 baths2,112 sq ft
4430 Dudley North Dr, Indianapolis, IN 46237
SOLD MAY 12, 2026
$245,000
C
3 beds1 bath1,084 sq ft
4555 Blackstone Dr, Indianapolis, IN 46237
SOLD NOV 10, 2025
$217,000
D
3 beds1 bath1,403 sq ft
4314 Dudley North Dr, Indianapolis, IN 46237
SOLD MAR 2, 2026
$250,000
E
3 beds2 baths1,772 sq ft
4407 Stone Mill Dr, Indianapolis, IN 46237
SOLD APR 3, 2026
$261,500
F
3 beds2 baths3,080 sq ft
4307 Knoll Top Dr, Indianapolis, IN 46237

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Earn from this home

Sell

$229,358

Est. take-home

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Rent

$1,762/mo

Redfin rental estimate

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Market trends in 46237, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.9%

0.0% MoM

Median sale price

$282K

$7K MoM

Avg. days on market

29d

9 days MoM

Recently sold homes

199

1 MoM

New listings for sale

NEW 13 HRS AGO
$305,000
3 beds2.5 baths2,148 sq ft
6648 Locust Grove Dr, Indianapolis, IN 46237
NEW 14 HRS AGO
$310,000
3 beds3 baths2,627 sq ft
6320 Falcon Pointe Ln, Indianapolis, IN 46237
NEW 18 HRS AGO
$359,900
4 beds2.5 baths3,793 sq ft
4537 Sugar Bay Ln, Indianapolis, IN 46237
NEW 18 HRS AGO
$289,900
3 beds2 baths1,479 sq ft
3941 Meridee Dr, Indianapolis, IN 46237
NEW 19 HRS AGO
$349,900
4 beds2.5 baths2,480 sq ft
5923 Edelle Dr, Indianapolis, IN 46237
$165,000
3 beds1 bath1,104 sq ft
1743 E Troy Ave, Indianapolis, IN 46203
$220,000
3 beds2 baths1,260 sq ft
4316 Arlington Cir, Indianapolis, IN 46237
(708) 560-1282
3D WALKTHROUGH
$230,000
3 beds2 baths1,050 sq ft
3026 S Temple Ave, Indianapolis, IN 46237
FOR SALE BY OWNER
$390,000
3 beds3 baths1,624 sq ft
4006 Dundee Dr, Indianapolis, IN 46237
$355,000
3 beds3 baths2,600 sq ft
5638 Gray Rd SW, Indianapolis, IN 46237
See all

Provided by Redfin

Sale history for 5931 Gray Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,389 (+3.9%)

$23,700 + $256,900

$280,600

2024

$3,263 (+19.5%)

$23,700 + $222,200

$245,900

2023

$2,731 (+1.7%)

$23,700 + $222,200

$245,900

2022

$2,685 (+6.3%)

$23,700 + $198,900

$222,600

2021

$2,527 (+8.1%)

$23,700 + $165,000

$188,700

2020

$2,336 (+8.5%)

$23,700 + $165,000

$188,700

2019

$2,154 (+10.4%)

$23,700 + $155,100

$178,800

2018

$1,951 (+7.6%)

$20,100 + $149,600

$169,700

2017

$1,813 (+11.7%)

$20,100 + $132,100

$152,200

2016

$1,624 (+32.0%)

$20,100 + $132,100

$152,200

2015

$1,230 (+19.5%)

$20,100 + $121,700

$141,800

2014

$1,029 (−15.3%)

$20,100 + $112,500

$132,600

2013

$1,215

$20,100 + $104,700

$124,800

Tax history for 5931 Gray Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,389 (+3.9%)

$23,700 + $256,900

$280,600

2024

$3,263 (+19.5%)

$23,700 + $222,200

$245,900

2023

$2,731 (+1.7%)

$23,700 + $222,200

$245,900

2022

$2,685 (+6.3%)

$23,700 + $198,900

$222,600

2021

$2,527 (+8.1%)

$23,700 + $165,000

$188,700

2020

$2,336 (+8.5%)

$23,700 + $165,000

$188,700

2019

$2,154 (+10.4%)

$23,700 + $155,100

$178,800

2018

$1,951 (+7.6%)

$20,100 + $149,600

$169,700

2017

$1,813 (+11.7%)

$20,100 + $132,100

$152,200

2016

$1,624 (+32.0%)

$20,100 + $132,100

$152,200

2015

$1,230 (+19.5%)

$20,100 + $121,700

$141,800

2014

$1,029 (−15.3%)

$20,100 + $112,500

$132,600

2013

$1,215

$20,100 + $104,700

$124,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Interior

Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 8

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Room Information
# of Rooms: 8

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family

Property Information
Living Sq. Ft: 2,046
Adjusted Gross Sq. Ft: 2,046
Ground Floor Sq. Ft: 2,046
Building Sq. Ft: 2,046
# of Stories: 1
Legal Description: PT SE1/4 SW1/4 S4 T14 R4 BEG 176.50' N & 45.02' E OF SW COR P.O.B. N131.50' E261.58' S131.50' W261.58' TO BEG .79AC

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 864
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 36,111
Municipality Name: PERRY, OUTSIDE
Acres: 0.829
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 2,046
Stories: 1.0
Lot Size: 0.83 acres
Style: Single Family Residential
Year Built: 1962
Year Renovated: 1962
County: Marion County
APN: 491504127013000500

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Jeremiah Gray Kindergarten

Public K-1 • Assigned • 0.7mi

Southport 6th Grade Academy

Public 6 • Assigned • 1.2mi

4/10

Southport High School

Public 9-12 • Assigned • 2.5mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46237

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$234,000 – $283,000

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New listings for sale in 46237

NEW 13 HRS AGO

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6648 Locust Grove Dr, Indianapolis, IN 46237

NEW 14 HRS AGO

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3 beds3 baths2,627 sq ft

6320 Falcon Pointe Ln, Indianapolis, IN 46237

NEW 18 HRS AGO

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NEW 18 HRS AGO

$289,900

3 beds2 baths1,479 sq ft

3941 Meridee Dr, Indianapolis, IN 46237

NEW 19 HRS AGO

$349,900

4 beds2.5 baths2,480 sq ft

5923 Edelle Dr, Indianapolis, IN 46237

$165,000

3 beds1 bath1,104 sq ft

1743 E Troy Ave, Indianapolis, IN 46203

$220,000

3 beds2 baths1,260 sq ft

4316 Arlington Cir, Indianapolis, IN 46237

(708) 560-1282

3D WALKTHROUGH

$230,000

3 beds2 baths1,050 sq ft

3026 S Temple Ave, Indianapolis, IN 46237

FOR SALE BY OWNER

$390,000

3 beds3 baths1,624 sq ft

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Home values near 5931 Gray Rd

Data from public records.

Address	Redfin Estimate
5911 Gray Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1802 Sq. Ft.	$299,687
5919 Gray Road, Indianapolis, IN 3 Beds \| 2 Baths \| 2824 Sq. Ft.	$275,257

Address	Redfin Estimate
5851 Gray Road, Indianapolis, IN 3 Beds \| - Baths \| 1350 Sq. Ft.	$219,165
4302 E Edgewood Avenue, Indianapolis, IN 3 Beds \| - Baths \| 1413 Sq. Ft.	$244,733

Address	Redfin Estimate
6002 Gray Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1384 Sq. Ft.	$239,145
4223 E Brunswick Avenue, Indianapolis, IN 3 Beds \| 1.5 Baths \| 1525 Sq. Ft.	$264,426

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