Downtown Indianapolis, IN Housing Market
The Downtown Indianapolis housing market is not very competitive. The median sale price of a home in Downtown Indianapolis was $410K last month, up 23.4% 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 23.4% compared to last year, selling for a median price of $410K. On average, homes in Downtown Indianapolis sell after 52 days on the market compared to 34 days last year. There were 78 homes sold in August this year, down from 81 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
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
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 51 days.
- Hot homescan sell for about 1% below list price and go pending in around 12 days.
Home offer insights for Downtown Indianapolis
Recent offers
View houses in Downtown Indianapolis that sold recently
Recently sold homes
- $400,000 Last Sold Price1 Bed1 Bath1,131 Sq. Ft.877 N East St Unit 101-A, Indianapolis, IN 46202List Price$450,000Sale to List11% under listDays on Market73 days877 N East St Unit 101-A, Indianapolis, IN 46202
- $140,000 Last Sold Price3 Beds1 Bath967 Sq. Ft.1412 E Lynn Dr, Indianapolis, IN 46202List Price$145,000Sale to List3% under listDays on Market24 days1412 E Lynn Dr, Indianapolis, IN 46202
- $341,500 Last Sold Price2 Beds2 Baths1,258 Sq. Ft.450 E Ohio St #216, Indianapolis, IN 46204List Price$345,000Sale to List1% under listDays on Market37 days450 E Ohio St #216, Indianapolis, IN 46204
- $215,000 Last Sold Price1 Bed1 Bath721 Sq. Ft.611 N Park Ave #114, Indianapolis, IN 46204List Price$227,000Sale to List5% under listDays on Market67 days611 N Park Ave #114, Indianapolis, IN 46204
- $570,000 Last Sold Price2 Beds2.5 Baths1,952 Sq. Ft.450 E Ohio St #304, Indianapolis, IN 46204List Price$575,000Sale to List1% under listDays on Market28 days450 E Ohio St #304, Indianapolis, IN 46204
- $500,000 Last Sold Price3 Beds2.5 Baths2,736 Sq. Ft.231 N Alabama St, Indianapolis, IN 46204List Price$499,900Sale to List0% over listDays on Market34 days231 N Alabama St, Indianapolis, IN 46204
- $145,000 Last Sold Price3 Beds2 Baths2,208 Sq. Ft.564 Ransom St, Indianapolis, IN 46202List Price$154,000Sale to List6% under listDays on Market49 days564 Ransom St, Indianapolis, IN 46202
- $493,426 Last Sold Price2 Beds3 Baths2,280 Sq. Ft.358 E Ohio St #4, Indianapolis, IN 46204List Price$510,000Sale to List3% under listDays on Market36 days358 E Ohio St #4, Indianapolis, IN 46204
See all recently sold homes in Downtown Indianapolis.
See listings
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®
More Real Estate Resources for Downtown Indianapolis
New Listings in Downtown Indianapolis
City Housing Markets
- Franklin Housing Market
- Mooresville Housing Market
- Westfield Housing Market
- Carmel Housing Market
- Indianapolis Housing Market
- Noblesville Housing Market
- Fishers Housing Market
- McCordsville Housing Market
- Greenwood Housing Market
- Brownsburg Housing Market
- Zionsville Housing Market
- Avon Housing Market
- Plainfield Housing Market
- Danville Housing Market
- Whitestown Housing Market
- Show More
Nearby Neighborhood Housing Markets
Zip Code Housing Markets
City Listings
- Franklin Real Estate
- Mooresville Real Estate
- Westfield Real Estate
- Carmel Real Estate
- Indianapolis Real Estate
- Noblesville Real Estate
- Fishers Real Estate
- McCordsville Real Estate
- Greenwood Real Estate
- Brownsburg Real Estate
- Zionsville Real Estate
- Avon Real Estate
- Plainfield Real Estate
- Danville Real Estate
- Whitestown Real Estate
- Show More
Nearby Neighborhood Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2023 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
NY Standard Operating Procedures
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.