46227 Home Values & Market Trends
There are 759 homes currently listed for 46227. 46227 real estate market trends show that home prices range from $18,000 to $1,799,000, and the median sales price in the 46227 zip code is $235,000. The total number of properties sold within the past twelve months is 887. In 46227, 68 properties are in foreclosure, 7 are bank owned properties,and 9 are headed for auction.
46227 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Indianapolis | $ 245,110 $ 158/sqft | Indianapolis | $ 245,313 $ 158/sqft |
Housing Market Summary for 46227
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $230K | $230K | - |
| Median Sold Price | $246K | $220.4K | -10.40% |
| Homes For Sale | 434 | 751 | 73.04% |
| Homes Sold | 237 | 142 | -40.08% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 46227
Browse Homes in 46227
The median list price of a home in Indianapolis, is $235,000. A total of 759 properties are for sale, and the percentage of properties for sale in the zip code is 759.00%. The total count of 46227 properties is 1,035.
- Pre-ForeclosurePre-foreclosure homes account for 5.02% of all residential properties in 46227 with indianapolis containing 1093 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 46227; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,599,900 in indianapolis to the lowest home value of $48,145 in indianapolis.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 46227 ranges from the highest value of $389,000 in indianapolis to the lowest value of $57,256 in indianapolis. Bank owned homes and properties account for 0.68% of properties in 46227. There are 2 cities within 46227; indianapolis containing 82 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsindianapolis has 155 auction properties, the highest number of properties going to auction in a single city in the state of 46227. Auction homes and other auction properties account for 0.87% of all properties in 46227. There are 2 cities within 46227; of those cities, the median estimated home value for homes going to auction ranges from $609,004 in indianapolis to the lowest value of $68,265 in indianapolis.
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Guide for 46227
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.