Lockerbie Square, IN Real Estate Market: Home Prices (Oct 2025 to Sep 2026)

From October 2025 to September 2026, 27 home sales were recorded in the Lockerbie Square Neighborhood Association area, with a median sale price of $420,000 and the middle half of sales from $350,000 to $700,000, against a median of $229,000 for Marion County (public sales records via STATS Indiana). In ZIP Code 46202 as a whole, homes sold for 91.5% of their original list price in the three weeks to the week of Oct. 26, 2026 (Indiana REALTORS Housing Hub). What that means for a seller depends on their price range and their home's condition.

What we analyzed: home sales recorded in public records for the Lockerbie Square Neighborhood Association area and Marion County, October 2025 to September 2026, plus Indiana REALTORS Housing Hub figures for ZIP Code 46202 as a whole, October 2026 and the three weeks ending with the week of Oct. 26, 2026, as published.

Lockerbie Square home prices and days on market

Oct 2025 to Sep 2026

Recorded home sales: 27; Oct 2025 to Sep 2026
Median sale price: $420,000; Oct 2025 to Sep 2026
Middle half of sales: $350,000 to $700,000; Oct 2025 to Sep 2026
Marion County median: $229,000; Oct 2025 to Sep 2026

Source: Indiana Department of Local Government Finance sales disclosure data via STATS Indiana (stats.indiana.edu), home sales recorded in Marion County through September 2026; neighborhood boundary from the City of Indianapolis (IndyGIS); addresses located with the U.S. Census Bureau geocoder. Recorded sales include homes sold without a listing.

How many Lockerbie Square homes sell in a year, and what does that mean for the numbers?

Not many, which is why the 12-month figures come first. From October 2025 to September 2026, 27 home sales were recorded in the Lockerbie Square Neighborhood Association area, and the median sale price was $420,000. Marion County recorded 14,106 home sales over the same 12 months, with a median of $229,000.

By quarter, 11 sales were recorded from January to March 2025, with a median of $341,100, 11 from April to June 2025 ($400,000), 10 from July to September 2025 ($465,000), and 11 from April to June 2026 ($415,000). The other quarters recorded 5, 7 and 4 sales, too few to report a median.

These figures are recorded home sales from public records, which include homes sold without a listing, so they can differ from listing-based figures. With this few sales, one or two sales can move a quarter's median.

What price bands do Lockerbie Square homes sell in?

Sales were spread across the upper bands. Of the 27 recorded sales in the 12 months to September 2026, 8 (30%) were from $400,000 to $599,999, 7 (26%) were from $300,000 to $399,999, and 7 (26%) were $600,000 and up.

The other 5 sales (19%) were from $200,000 to $299,999, and none was under $200,000. The map below shows Housing Hub medians for ZIP Codes, not the neighborhood's own figures: ZIP Code 46202 as a whole was $464,815 from August to October 2026.

Map of Marion County, Indiana ZIP Codes shaded by median sale price (3-month average), Aug 2026–Oct 2026. Lockerbie Square: 46202: $465K. Other ZIPs: 46107: $200K; 46113: $293K; 46183: too few sales; 46201: $168K; 46203: $190K; 46204: $345K; 46205: $300K; 46208: $235K; 46214: $242K; 46216: too few sales; 46217: $260K; 46218: $121K; 46219: $193K; 46220: $355K; 46221: $225K; 46222: $132K; 46224: $215K; 46225: $182K; 46226: $160K; 46227: $234K; 46228: $315K; 46229: $239K; 46231: $250K; 46234: $295K; 46235: $220K; 46236: $374K; 46237: $264K; 46239: $308K; 46240: $365K; 46241: $174K; 46250: $332K; 46254: $230K; 46256: $377K; 46259: $398K; 46260: $295K; 46268: $268K; 46278: $454K. — Median sale price (3-month average) by ZIP Code, Aug 2026–Oct 2026. Lockerbie Square's ZIPs are outlined. Source: Indiana REALTORS Housing Hub.

How fast are homes going under contract around Lockerbie Square?

Public records do not show days on market, so this answer uses ZIP Code 46202 as a whole. In October 2026 the median home in the ZIP went under contract in 58 days, against 35 days for Marion County. For the ZIP, that was down 18% from a year earlier as published.

Closed sales in the ZIP were 57 over the three months from August to October 2026, down 30% from a year earlier as published.

Map of Marion County, Indiana ZIP Codes shaded by median days on market, October 2026. Lockerbie Square: 46202: 58 days. Other ZIPs: 46107: 36 days; 46113: 60 days; 46183: too few sales; 46201: 52 days; 46203: 40 days; 46204: too few sales; 46205: 35 days; 46208: 57 days; 46214: 33 days; 46216: too few sales; 46217: 25 days; 46218: 58 days; 46219: 39 days; 46220: 33 days; 46221: 16 days; 46222: 46 days; 46224: 28 days; 46225: too few sales; 46226: 52 days; 46227: 37 days; 46228: 18 days; 46229: 24 days; 46231: 15 days; 46234: 26 days; 46235: 47 days; 46236: 32 days; 46237: 46 days; 46239: 40 days; 46240: 38 days; 46241: 34 days; 46250: 29 days; 46254: 30 days; 46256: 49 days; 46259: 104 days; 46260: 14 days; 46268: 16 days; 46278: 66 days. — Median days on market by ZIP Code, October 2026. Lockerbie Square's ZIPs are outlined. Source: Indiana REALTORS Housing Hub.

How much is for sale around Lockerbie Square right now?

In ZIP Code 46202 as a whole, an average of 158 homes were for sale in October 2026, up 24% from a year earlier as published. Months of inventory was 7.9, against 3.7 months for Marion County.

In the same month, 26 new listings came on the market in the ZIP and 20 new pending contracts were recorded. These are ZIP Code figures, so they describe the competition a listing meets, not the neighborhood's own sales.

Map of Marion County, Indiana ZIP Codes shaded by months of inventory, October 2026. Lockerbie Square: 46202: 7.9 mo. Other ZIPs: 46107: 2.2 mo; 46113: 3.6 mo; 46183: too few sales; 46201: 6.5 mo; 46203: 5.6 mo; 46204: 11.8 mo; 46205: 4.6 mo; 46206: too few sales; 46208: 5.0 mo; 46214: 2.8 mo; 46216: 3.8 mo; 46217: 3.1 mo; 46218: 5.2 mo; 46219: 3.7 mo; 46220: 2.3 mo; 46221: 3.0 mo; 46222: 3.7 mo; 46224: 2.4 mo; 46225: 6.6 mo; 46226: 3.1 mo; 46227: 3.4 mo; 46228: 3.1 mo; 46229: 4.0 mo; 46231: 2.8 mo; 46234: 3.0 mo; 46235: 4.0 mo; 46236: 1.9 mo; 46237: 3.4 mo; 46239: 3.6 mo; 46240: 2.5 mo; 46241: 3.1 mo; 46250: 3.3 mo; 46254: 2.6 mo; 46256: 2.3 mo; 46259: 4.8 mo; 46260: 2.8 mo; 46268: 3.2 mo; 46278: 3.3 mo. — Months of inventory by ZIP Code, October 2026. Lockerbie Square's ZIPs are outlined. Source: Indiana REALTORS Housing Hub.

How close to list price are homes selling around Lockerbie Square?

Below it, in the ZIP Code as a whole. In ZIP Code 46202, homes sold for 91.5% of their original list price in the three weeks to the week of Oct. 26, 2026, against 94.2% for Marion County. Homes sold for 94.1% of the asking price at sale from August to October 2026.

In the same three weeks, 60.3% of the ZIP's listings had a price decrease, against 60.5% across the county. By the Housing Hub's original-list-price measure, under 96 percent is a buyer's market. That is a call for ZIP Code 46202 as a whole, and a single price range can differ.

Map of Marion County, Indiana ZIP Codes shaded by share of listings with a price decrease, Week of Oct. 26, 2026. Lockerbie Square: 46202: 60.3%. Other ZIPs: 46107: 51.6%; 46113: 63.0%; 46183: too few listings; 46201: 65.2%; 46203: 67.1%; 46204: 70.4%; 46205: 65.1%; 46208: 68.5%; 46214: 50.4%; 46216: too few listings; 46217: 63.6%; 46218: 58.0%; 46219: 56.0%; 46220: 61.7%; 46221: 53.2%; 46222: 60.6%; 46224: 46.5%; 46225: 67.4%; 46226: 60.7%; 46227: 62.2%; 46228: 52.8%; 46229: 62.8%; 46231: 46.7%; 46234: 69.0%; 46235: 50.9%; 46236: 51.1%; 46237: 61.7%; 46239: 62.1%; 46240: 53.3%; 46241: 47.8%; 46250: 60.5%; 46254: 59.8%; 46256: 60.2%; 46259: 64.2%; 46260: 59.1%; 46268: 47.2%; 46278: 62.0%. — Share of listings with a price decrease by ZIP Code, Week of Oct. 26, 2026. Lockerbie Square's ZIPs are outlined. Source: Indiana REALTORS Housing Hub.

Where we stand on Lockerbie Square price forecasts

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 Lockerbie Square home

There is more than one way to sell a Lockerbie Square 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 Lockerbie Square sellers ask us

How long does it take to sell a house in Lockerbie Square?

In October 2026 the median home in ZIP Code 46202 as a whole went under contract in 58 days (Indiana REALTORS Housing Hub). Closing usually follows the contract by several weeks, depending on the buyer's financing.

Should I wait to sell my Lockerbie Square 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.

Where do these Lockerbie Square figures come from?

The sale prices are recorded home sales from public records for the Lockerbie Square Neighborhood Association area, which include homes sold without a listing. Days on market and price cuts are not in those records, so we use ZIP Code 46202 figures for them and label them that way. Only 4 sales were recorded from July to September 2026, too few to report a median for that quarter.

How do Lockerbie Square prices compare with Marion County?

From October 2025 to September 2026 the median recorded sale price in the Lockerbie Square Neighborhood Association area was $420,000, compared with $229,000 for Marion County, both from public records.

More for Lockerbie Square sellers

Sources: Indiana Department of Local Government Finance sales disclosure data via STATS Indiana (stats.indiana.edu), home sales recorded in Marion County through September 2026; neighborhood boundary from the City of Indianapolis (IndyGIS); addresses located with the U.S. Census Bureau geocoder. ZIP Code 46202 figures as published by the Indiana REALTORS Housing Hub (data.indianarealtors.com): median days on market, months of inventory and inventory October 2026; price decreases and sale price as a share of original list price, three-week average to the week of Oct. 26, 2026. ZIP areas: U.S. Census Bureau. Maps: OpenStreetMap contributors. Recorded sales include homes sold without a listing.

This page is general information about the Lockerbie Square market, not an appraisal or a valuation of any specific home.

Lockerbie Square Real Estate Market: Home Prices and Trends