The simple answer to the question “what is the average price of condos for sale in Indianapolis?” is that in 2025, many units will cost between $180,000 and $260,000. Prices change based on the neighborhood, the size of the home, and the amenities, but this is a good place to start.
Why It’s Important to Know the Average Price of a Condo in Indianapolis
Knowing the average price of a condo in Indianapolis can help you make smart choices, create realistic budgets, and compare neighborhoods. When you own a condo, you have to pay the purchase price as well as HOA fees and maintenance costs. Knowing what condos usually cost can help you avoid surprises.
Average Price of Condos for Sale in Indianapolis (2025)
City-Wide Median Listing Price
The average price of a condo for sale in Indianapolis is about $210,000.
Another source says that the average price of a condo is between $180,000 and $260,000.
Price by Neighborhood & Type
- In downtown Indianapolis, condos usually cost between $220,000 and $300,000, with luxury units costing more.
- In neighborhoods beyond the city, condos might cost between $180,000 and $230,000.
- Units that cost less or are older: There are homes for sale for less than $150,000, especially in less well-known ZIP areas.
What Drives the Price Differences?
- Where it is (in the city or in the suburbs)
- The age of the building, the facilities, and the floor level
- Size of the unit (1 bed vs. 2–3 beds)
- What HOA fees are and what they cover
What You Should Know Before Buying a Condo in Indianapolis
- There are a lot of listings, with condominiums costing anywhere from less than $100,000 to more than $300,000, depending on the features.
- HOA fees that could raise your monthly costs should be included in your budget.
- You will pay for renovations, walkability, and views in newer or hip districts.
- You might be able to get more space for less money in older buildings or regions that aren’t as central.
Buyer Tips for Condo Pricing in Indianapolis
- Check HOA fees and what they include — sometimes a lower purchase price comes with high monthly fees.
- Visit different neighborhoods — the difference between downtown and suburb can be tens of thousands in price.
- Compare similar units — size, condition, amenities and view all impact price.
- Factor resale value — condos in high‑demand areas may hold value better.
- Work with a local real estate agent who knows Indianapolis condo‑market nuances.
Final Thoughts
So, if you want to know how much condominiums for sale in Indianapolis cost on average, expect to pay between $180,000 and $260,000 in 2025, with many listings around $210,000. This is a good starting point, even though the range can be higher or lower depending on where you are and what amenities are available. Indianapolis is still a great place for condo buyers because the metro is cheaper than in many other U.S. cities.
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