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 294 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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Active

$97,997

Beds

Baths

Sq. Ft.

4825 Melrose Avenue, Indianapolis, IN, 46241

Est. Payments: $0/mo

Land

Built in null

361 days on Site

0.22 Lot Size

Additional Details

Contact Agent

Eric J. Johnson

F.C. Tucker Company, Inc.

(317) 735-8345

View Profile

Description

CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily ...

Source: MIBOR as distributed by MLS GRID, MLS ID: 22040254

Listing provided courtesy of Eric J Johnson 317-259-6000 with F.C. Tucker Company

Last Updated: 5/12/2026 | 10:53 AM

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About the Neighborhood

Stout Field offers a serene neighborhood with a calm atmosphere that suits those seeking peaceful living. The area features charming single detached homes, many built before the 1960s, showcasing enduring character and solid construction. Residents find primary schools and grocery stores conveniently close, enhancing daily convenience, while approximately ten local restaurants provide varied dining options. Car access is straightforward, with most homes a short drive from major highways like I-74 and plentiful parking available. Nearby parks offer outdoor spaces for relaxation. Stout Field’s location and housing style create an inviting place for anyone valuing a quiet neighborhood with practical amenities.

Learn more about

Indianapolis Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

179

Median List Price

$264,999

Homes Listed

3928

Frequently Asked Questions

Contact Agent

Eric J. Johnson

F.C. Tucker Company, Inc.

(317) 735-8345

View Profile

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