St. Joseph Historic Neighborhood currently tilts toward sellers, with the market gauge at 43 despite signs of softer conditions. A long median of 125 days on market and a high 10.3 months of supply indicate buyers have more time and options than in a tight market. Compared with Indianapolis overall, which has 3.6 months of supply, this neighborhood is significantly looser even while still labeled a seller’s market.
Over the latest rolling three-month period ending in September 2026, prices have pulled back sharply from a year earlier. The typical home value is down more than 40 percent year over year, while months of supply has more than tripled over the same time, pointing to increased inventory relative to demand. At the same time, median list prices are slightly higher than a year ago and up strongly in recent months, suggesting some sellers are still pricing optimistically even as conditions cool.
Sales activity shows a mixed picture in this rolling three-month view. Homes sold have held roughly steady compared with last year, but pending sales are down notably year over year and no recent sales have closed above list price, with an average sale-to-list ratio around 95 percent. Inventory has grown compared with a year ago, and new listings are also up, giving buyers more choices even as sellers still hold some leverage. In a market this nuanced, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent who understands these shifting dynamics.
