How big are the homes in Indianapolis?

The average property size in Indianapolis is 2093.98 sq.ft., the largest being 13549 sq.ft., and the smallest being 200 sq.ft.

Frequently Asked Questions

Are house prices dropping in Indianapolis?

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $11,590.12. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Indianapolis at this time?

The housing market and house prices in Indianapolis are going down. The average house price is $262,593.00 and the average price per square feet is $154.69 per square foot. At the moment, there are 18657 homes listed - 2889 active, 1461 pending, and 14307 sold in Indianapolis.

What is the most popular place to buy a house in Indianapolis?

The most popular place to buy a home in Indianapolis is 4910 - Marion - Center. 4910 - Marion - Center has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Indianapolis?

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,545.13. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Indianapolis being sold?

Properties in Indianapolis stay on the market for an average of 88 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Indianapolis?

The last home listed in Indianapolis was 255 minutes ago.

Can you visit houses in Indianapolis?

Currently, there are 49 open houses available for viewing in Indianapolis.

What is the most expensive house in Indianapolis?

The cost of the most expensive home in Indianapolis is $5,400,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Indianapolis?

The cost of the cheapest home in Indianapolis is $1,000.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Indianapolis?

The oldest home in Indianapolis was built in 1848, and the newest in 2026.

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Address:

1056 Reserve Way Indianapolis IN 46220

Status:

Sold

Sold On:

04/25/2025

Price:

$342, 000

Bedrooms:

3 Beds

Bathrooms:

2 Full Baths

Sq. Feet:

1, 946

Year Built:

2005

Lot Size:

0.05

County:

Marion

Township:

Washington

MLS #:

22017217

Property Type:

Condominium

Exterior Type

Brick, Cement Siding

Community Information

Area:

4903 Marion Washington

City:

Indianapolis

Subdivision:

Reserve At Broad Ripple

Zip Code:

46220

Rooms

Type	Dimensions	Level
Bedroom 2	16x11	Upper
Bedroom 3	16x11	Main
Dining Room	14x11	Main
Kitchen	14x14	Main
Living Room	22x14	Main
Primary Bedroom	25x11	Upper
Loft	16x10	Upper
Laundry	9x7	Main

Sold

$342,000

$3,000 on 02/28/2025

3 Beds

2 Baths

1,946 Sq. Ft.

1056 Reserve Way, Indianapolis, IN, 46220

Est. Payments: $0/mo

Residential

Built in 2005

Sold on 04/25/2025

0.05 Lot Size

Central Air

Forced Air, Natural Gas

Additional Details

Description

Welcome Home! This rare 3 bed, 2 bath condo has everything you are looking for with condo living - direct access to the Monon Trail, minutes from Broad Ripple Village, zero-maintenance lifestyle, HOA paid water/sewer, and one of the only communities in the area with a pool! On the ground floor you will find a 2 car attached garage and sma...

Source: MIBOR as distributed by MLS GRID, MLS ID: 22017217

Listing provided courtesy of Andrew Tarantino 317-686-0612 with F.C. Tucker Company

Last Updated: 5/11/2026 | 11:35 AM

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About the Neighborhood

Broad Ripple features a calm atmosphere with easy access to several nearby parks, providing inviting outdoor settings. The neighborhood offers convenient access to grocery stores, restaurants, and cafes, making day-to-day living straightforward. Cycling routes are well-designed with few elevation changes, encouraging pleasant rides throughout the area. Street parking is readily available, and a handful of bus lines offer public transportation options with stops situated close to most residences. Housing consists primarily of charming single detached homes dating back to the mid-20th century, alongside smaller apartment buildings. Proximity to primary and high schools adds to the neighborhood’s well-rounded appeal.

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