ZIP 46229 Housing Market & Real Estate Update – February 22, 2026
46229 – February 22, 2026 – ZIP 46229 (Indianapolis) shows softer YoY sale prices, rising inventory, and mortgage rates easing to 6.01% ahead of spring.
ZIP 46229 (Indianapolis, Indiana) is showing a more buyer-friendly pace than last year on several major dashboards, with prices softer year-over-year and homes taking longer to move.
Top takeaways
- Closed-sale pricing in 46229 is down year-over-year on Redfin’s January 2026 snapshot.
- Active inventory looks higher than last year on Realtor.com, suggesting more choice for buyers.
- Mortgage rates dipped again this week, which can change monthly payment math fast for entry-level buyers.
Market snapshot
Sales and pricing: Redfin’s housing-market tracker for 46229 shows a January 2026 median sale price of $220,000 (down 9.77% year-over-year). It also shows 79 homes sold in January (up from 70 last year) and a median 40 days on market.
Listings and pace: Realtor.com’s ZIP dashboard (charts through December 2025) shows a median listing price around $229,624 with roughly 117 active listings and a median 60 days on market. (These portals measure slightly different things, so expect numbers to vary by site.)
Rentals: Realtor.com’s ZIP view also shows a median rent around $1,685, which matters for landlords comparing buy vs. rent spread and for renters watching renewal season.
Mortgage-rate check (national)
Freddie Mac’s latest Primary Mortgage Market Survey shows the 30-year fixed average at 6.01% (as of 02/19/2026), down from the prior week. Even small moves can widen the pool of qualified buyers in payment-sensitive ZIPs like 46229.
What’s for sale right now (no addresses)
On Redfin’s live search page for 46229, there were about 71 homes listed for sale at the time of review. Scanning the current mix, you can still spot options under $200K, a larger cluster in the low-to-mid $200Ks, and a smaller set of higher-end homes pushing into the $300Ks–$400Ks.
ServiceXTC local pros (directory note)
Today we could not confirm ZIP-46229-specific provider pages inside the ServiceXTC directory snapshot we reviewed. If you’re a local home-service pro (inspections, roofing, HVAC, electrical, plumbing, remodeling), adding a ServiceXTC listing helps buyers and sellers find you when they need quotes fast.
What are you seeing in 46229 right now: more price cuts, more multiple-offer listings, or more buyers waiting for rates to fall further?
Sources
- https://www.redfin.com/zipcode/46229/housing-market
- https://www.redfin.com/zipcode/46229
- https://www.realtor.com/local/market/indiana/zipcode-46229
- https://www.realtor.com/realestateandhomes-search/46229
- https://www.freddiemac.com/pmms