From November 2025 to October 2026, 43 homes sold in the Herron-Morton Place Association area at a median price of $725,000, against $250,695 across Marion County (local listing data). The median home went under contract in 16 days, but 79% sold below their original list price, and 21 homes were for sale on Nov. 10, 2026. What that means for a seller depends on their price range and their home's condition.
What we analyzed: residential sales in the Herron-Morton Place Association area and across Marion County from local listing data cleared for public display, November 2025 to October 2026, and the homes for sale on Nov. 10, 2026. The maps and charts show Indiana REALTORS Housing Hub figures for ZIP Code 46202, which takes in Herron-Morton Place, and the rest of the county, as published.
Herron-Morton Place home prices and days on market
Nov 2025 to Oct 2026
- Median sale price
- $725,000
- Nov 2025 to Oct 2026
- Median days on market
- 16 days
- Listing to contract, Nov 2025 to Oct 2026
- Sale price vs. original list price
- 96.8%
- Median, Nov 2025 to Oct 2026
- Homes sold
- 43
- Nov 2025 to Oct 2026
Source: Broker Listing Cooperative listing service data for the Herron-Morton Place Association area, November 2025 to October 2026, as of Nov. 10, 2026.
What have Herron-Morton Place homes sold for?
The median Herron-Morton Place home sold for $725,000 from November 2025 to October 2026, on 43 sales in local listing data. Across Marion County the median was $250,695 on 11,378 sales.
The middle half of Herron-Morton Place sales ran from $550,000 to $890,000, while the county's middle half ran from $185,000 to $335,000. The two markets barely overlap, so county-wide headlines say little about what a home here is worth.
The latest three months, August to October 2026, had 14 sales at a median of $584,500. With so few sales, a few homes at one end of the range move that median a long way, so read it next to the 12-month figure rather than as a change in value.
How quickly do Herron-Morton Place homes go under contract?
Faster than the county's homes. The median Herron-Morton Place home went under contract 16 days after listing from November 2025 to October 2026, against 22 days across Marion County.
Nearly half moved within two weeks: 47% of Herron-Morton Place sales went under contract within 14 days, against 41% for the county. The pace was slower in the latest three months, August to October 2026, with a median of 26 days on 14 sales.
How much do Herron-Morton Place sellers come off their first price?
Most come off it, but not by much. From November 2025 to October 2026, 79% of Herron-Morton Place homes sold below their original list price, against 68% across Marion County.
The median home still sold for 96.8% of its original list price, close to the county's 96.9%. So buyers here usually negotiate, yet a home priced near what recent sales support has not had to give up much to sell.
Of the 21 homes for sale on Nov. 10, 2026, 71% had already cut their price since listing, against 61% of homes for sale across the county.
What does your price range look like?
Almost every Herron-Morton Place sale in the past year was at $400,000 or more. Homes at $600,000 and up made up 30 of the 43 sales, with a median of 16 days on market and a median of 96.4% of original list price.
The 11 sales from $400,000 to $599,999 went under contract in a median of 13 days and sold for a median of 98.3% of original list price, the strongest result of any band, even though 82% still closed below their first price. There were too few sales under $400,000 to report figures.
Herron-Morton Place sales by price range, November 2025 to October 2026
Source: Broker Listing Cooperative listing service data, as of Nov. 10, 2026. Bands with fewer than 5 sales are not reported.
| Price range | Homes sold | Median days on market | Median sale price vs. original list price |
|---|---|---|---|
| $200,000 to $299,999 | 2 | Too few to report | Too few to report |
| $400,000 to $599,999 | 11 | 13 | 98.3% |
| $600,000 and up | 30 | 16 | 96.4% |
How does the wider area around Herron-Morton Place look?
Slower than the neighborhood itself. Across the wider 46202 ZIP Code area, the median home took 58 days to go under contract in October 2026, and there were 7.9 months of inventory, as published by the Housing Hub.
The wider area had 158 homes for sale in October 2026, and 60.3% of its listings had a price decrease in the three weeks to the week of Oct. 26, 2026. Those figures cover far more homes than Herron-Morton Place, at a lower median price, so they describe the competition around you more than your own street.
Who is in a stronger position right now, and who is in a weaker one?
The past year of local listing data in Herron-Morton Place points both ways. These are the patterns on each side.
In a stronger position
- A seller in the $400,000 to $599,999 band, where the median home went under contract in 13 days.
- A seller whose first price matches recent sales, in a market where the median home sold for 96.8% of its original list price.
- A seller ready to show in the first two weeks, when 47% of sales went under contract.
In a weaker position
- A seller who lists high to test the market, when 79% of sales closed below their original list price.
- A seller competing with the 21 homes for sale on Nov. 10, 2026, 71% of which had already cut their price.
- A seller who needs a quick sale in the slower months, when the latest three months' median was 26 days.
Can anyone say where Herron-Morton Place prices go next?
Our view at Mark Dietel Realty: We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing.
Your options for selling a Herron-Morton Place home
There is more than one way to sell a Herron-Morton Place home. We will lay them side by side with your numbers so you can choose.
List on the market
Usually the highest price, if you have time to prepare and show the home.
- A local agent walks through your home
- Recent sales at your price, side by side
- A pricing and preparation plan for your first weeks on the market
Guaranteed sale
For sellers who need to know the home will sell before they make their next move. Conditions apply.
- We agree on the price up front
- Plan your move around a known outcome
Cash offer
Speed and certainty. Sell as-is, on your timeline.
- No repairs or showings
- See how a cash price compares with listing
A cash offer trades price for speed and certainty. If your home is in good shape and you have time, a cash offer usually means taking less. It can make sense when repairs, timing or certainty matter more than price.
Who this may not be right for
You may not need a listing agent if you already have a buyer, you are comfortable pricing from public sold data, and you are ready to handle disclosures, showings, negotiation and closing paperwork yourself, or with a real estate attorney. Many people sell that way. If that is you, we will tell you so.
We are a team: you work with a listing agent backed by inside sales, coordinators and a transaction coordinator. Some sellers want one person for every call, start to finish. If that matters more to you than a team system, a solo agent may fit you better.
Questions Herron-Morton Place sellers ask us
How long does it take to sell a house in Herron-Morton Place?
From November 2025 to October 2026 the median Herron-Morton Place home went under contract 16 days after listing, against 22 days across Marion County (local listing data). Closing usually follows the contract by several weeks, depending on the buyer's financing.
Should I wait to sell my Herron-Morton Place home?
We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing. The better question is what your plan looks like at today's numbers.
Do Herron-Morton Place homes sell for their asking price?
Usually a little under it. From November 2025 to October 2026, 79% sold below their original list price, and the median home sold for 96.8% of its original list price (local listing data).
More for Herron-Morton Place sellers
- Sell your house in Indianapolis with Mark Dietel Realty
- Fall Creek Place real estate market: home prices and trends
- Lockerbie Square real estate market: home prices and trends
- Get cash and listing offers on your Herron-Morton Place home
- All the ways we help sellers in Central Indiana
Based on information submitted to the Broker Listing Cooperative listing service as of Nov. 10, 2026. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Herron-Morton Place and Marion County figures: residential sales cleared for public display, November 2025 to October 2026, and homes for sale on Nov. 10, 2026. Neighborhood boundary: City of Indianapolis (IndyGIS). Maps, charts and wider-area figures: Indiana REALTORS Housing Hub (data.indianarealtors.com), ZIP Code 46202 and other Marion County ZIP Code figures as published for August to October 2026, October 2026 and the week of Oct. 26, 2026; ZIP areas: U.S. Census Bureau; base map: OpenStreetMap contributors. Body photo: Nyttend, Wikimedia Commons, public domain. Card photo: Indiana Landmarks, Wikimedia Commons, CC BY 4.0.
This page is general information about the Herron-Morton Place market, not an appraisal or a valuation of any specific home.
