46240 Home Values & Market Trends
There are 316 homes currently listed for 46240. 46240 real estate market trends show that home prices range from $175,000 to $5,000,000, and the median sales price in the 46240 zip code is $370,365. The total number of properties sold within the past twelve months is 383. In 46240, 8 properties are in foreclosure, 1 are bank owned properties,and 0 are headed for auction.
46240 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Indianapolis | $ 245,051 $ 158/sqft | Indianapolis | $ 245,051 $ 158/sqft |
Housing Market Summary for 46240
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $373.8K | $379.9K | 1.65% |
| Median Sold Price | $405K | $379.3K | -6.34% |
| Homes For Sale | 154 | 316 | 105.19% |
| Homes Sold | 124 | 78 | -37.10% |
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 46240
Browse Homes in 46240
The median list price of a home in Indianapolis, is $370,365. A total of 316 properties are for sale, and the percentage of properties for sale in the zip code is 316.00%. The total count of 46240 properties is 411.
- Pre-ForeclosurePre-foreclosure homes account for 1.70% of all residential properties in 46240 with indianapolis containing 1033 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 46240; 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 46240 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 0.24% of properties in 46240. There are 2 cities within 46240; indianapolis containing 84 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 46240. Auction homes and other auction properties account for 0% of all properties in 46240. There are 2 cities within 46240; of those cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Zip Codes
More Real Estate Resources for 46240
Guide for 46240
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.
