ZIP 46227 Housing Market & Real Estate Update (Indianapolis, IN)
46227 – February 24, 2026 – Southside Indianapolis pricing is slightly softer year over year, inventory is higher, and rents remain elevated into spring.
ZIP 46227 (Indianapolis, Marion County, IN): the latest portal data shows prices basically flat-to-slightly down year over year, while shoppers still have plenty of choices and time to negotiate.
Top takeaways
- Recent sold pricing: Redfin’s January 2026 median sold price was $225,500 (down 1.7% year over year), with 102 homes sold.
- Market pace: Redfin shows a 39-day median days on market for January sales; Zillow shows homes going to pending in about 55 days.
- Inventory: Zillow lists 166 homes for sale (as of Jan. 31, 2026). Realtor.com shows 151 active listings for its latest reporting period.
- Rentals: Realtor.com shows a $1,595 median rent with year-over-year rent growth reported as 21.76%.
Market snapshot (sales + pricing)
On the sales side, Redfin’s January 2026 snapshot puts the median sold price at $225,500 and the median at 39 days on market. That combination suggests buyers have time to compare options, and sellers benefit from clean presentation and realistic pricing.
Zillow’s value view is similar: the typical home value for 46227 is $221,105 (data through Jan. 31, 2026). Zillow also reports a $236,383 median list price and a $229,333 median sale price (Dec. 31, 2025), plus a 0.978 median sale-to-list ratio, which hints that negotiated discounts are common.
Rentals check
Realtor.com’s market summary (reporting period: Dec. 2025) shows 57 rental listings in 46227 and a $1,595/mo median rent. If you’re a landlord, that’s a reminder to watch maintenance and turnover costs closely; if you’re a renter, it may be worth comparing a lease renewal vs. a purchase if you have stable plans and financing lined up.
What’s for sale right now (examples, no addresses)
Redfin currently shows 111 homes for sale in 46227. The mix is broad, but a few representative options on the portal today include:
- A 2-bed condo priced around $140K (good for first-time buyers or downsizers).
- Multiple 3-bed homes in the low-to-mid $200Ks, including properties highlighting basement systems and fenced yards.
- 4-bed homes in the upper $200Ks to around $350K, including updated interiors and larger lots.
ServiceXTC local pros (directory snapshot)
We looked for ServiceXTC provider pages tied to the 46227 area; the only clearly Indianapolis-area match we could verify quickly today was:
- JDS Wood Window Restoration LLC — Woodworker (window restoration)
Sources (data referenced)
- Redfin: 46227 housing market + homes for sale
- Zillow: 46227 home values and inventory
- Realtor.com: 46227 market overview (homes + rentals)
Locals: are you seeing more price cuts, or are the best homes still moving quickly in 46227?