Downtown Indianapolis, IN Housing Market
The Downtown Indianapolis housing market is somewhat competitive. The median sale price of a home in Downtown Indianapolis was $410K last month, up 22.9% since last year. The median sale price per square foot in Downtown Indianapolis is $265, up 10.9% since last year.
Downtown Indianapolis Housing Market Trends
In August 2023, Downtown Indianapolis home prices were up 22.9% compared to last year, selling for a median price of $410K. On average, homes in Downtown Indianapolis sell after 51 days on the market compared to 36 days last year. There were 79 homes sold in August this year, down from 82 last year.

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How hot is the Downtown Indianapolis housing market?
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 45 days.
- Hot homescan sell for about 1% below list price and go pending in around 10 days.
Home offer insights for Downtown Indianapolis
Recent offers
View houses in Downtown Indianapolis that sold recently
Recently sold homes
- $785,000 Last Sold Price4 beds3.5 baths3,135 sq. ft.616 Stevens St, Indianapolis, IN 46203List Price$815,000Sale to List4% under listDays on Market54 days616 Stevens St, Indianapolis, IN 46203
- $550,000 Last Sold Price10 beds10 baths7,410 sq. ft.601 E Merrill St, Indianapolis, IN 46203List Price$575,000Sale to List4% under listDays on Market186 days601 E Merrill St, Indianapolis, IN 46203
- $1,650,000 Last Sold Price3 beds4.5 baths5,605 sq. ft.429 N Pennsylvania St #607, Indianapolis, IN 46204List Price$1,795,000Sale to List8% under listDays on Market81 days429 N Pennsylvania St #607, Indianapolis, IN 46204
- $269,000 Last Sold Price1 bed1.5 baths1,042 sq. ft.350 N Meridian St #412, Indianapolis, IN 46204List Price$269,000Sale to List0% over listDays on Market94 days350 N Meridian St #412, Indianapolis, IN 46204
- $640,000 Last Sold Price2 beds2 baths1,628 sq. ft.429 N Pennsylvania St Unit 702, Indianapolis, IN 46204List Price$649,999Sale to List2% under listDays on Market121 days429 N Pennsylvania St Unit 702, Indianapolis, IN 46204
- $560,000 Last Sold Price2 beds2 baths1,852 sq. ft.1 Virginia Ave #804, Indianapolis, IN 46204List Price$585,000Sale to List4% under listDays on Market210 days1 Virginia Ave #804, Indianapolis, IN 46204
- $295,000 Last Sold Price2 beds2 baths1,086 sq. ft.420 E Ohio St Unit B, Indianapolis, IN 46204List Price$299,900Sale to List2% under listDays on Market35 days420 E Ohio St Unit B, Indianapolis, IN 46204
- $409,900 Last Sold Price2 beds2 baths1,712 sq. ft.611 N Park #402 Ave #402, Indianapolis, IN 46204List Price$409,900Sale to List0% over listDays on Market284 days611 N Park #402 Ave #402, Indianapolis, IN 46204
See all recently sold homes in Downtown Indianapolis.
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Schools in Downtown Indianapolis
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Center For Inquiry School 2 Public • K-8 | 439 Students | 15 reviews |
3/10 Edison School of the Arts 47 Public • K-8 | 593 Students | N/A |
2/10 William Penn School 49 Public • PreK-8 | 682 Students | 3 reviews |
NR Wendell Phillips School 63 Public • PreK-6 | 498 Students | 2 reviews |
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
Flood Factor

Fire Factor - Minor
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Moderate
Heat Factor

Transportation in Downtown Indianapolis
Walk Score®
Transit Score®
Bike Score®
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