Top Large Teams in Indianapolis, Indiana – Ranked by Volume

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2023 Indianapolis, Indiana Housing Market Summary

Indianapolis, Indiana started 2023 with a total of 1,544 single-family homes on the market, with a median home price of $250,000 and an average price per square foot of $141. By the end of the year, inventory had increased to 1,634 homes on the market (+5%), with a median home price of $262,000 (+4%) and an average price per square foot of $165 (+17%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had remained the same at 63 days.

Indianapolis started the year with 51% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 52% of Indianapolis homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Indianapolis started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 36 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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