331 E  Thompson Rd, Indianapolis, IN 46227
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Property image
OFF MARKET

331 E Thompson Rd
Indianapolis, IN 46227

Southdale
  • 2 Beds
  • 1 Bath
  • 1,287 sqft (on 0.87 acres)

$156,400

Trulia Estimate
as of Aug 17, 2026

$156,400

Trulia Estimate
as of Aug 17, 2026
2 Beds
1 Bath
1,287 sqft
(on 0.87 acres)

Home Value

Trulia Estimate
$156K
Since last month
Decreased$3K (-2%)
Since last year
Decreased$10K (-6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +112% in the last 10 years
MonthEstimated value
2026
August 2026$157K
July 2026$161K
June 2026$161K
May 2026$165K
April 2026$155K
March 2026$167K
February 2026$165K
January 2026$158K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.08
Single-Family Home
$85,900
12/12/25
2
1
1,530
0.52
Single-Family Home
$240,000
07/10/26
2
1
1,788
0.49
Single-Family Home
$150,000
09/30/25
2
1
1,577
0.61
Single-Family Home
$170,000
09/22/25
2
1
1,172
0.50
Single-Family Home
$191,000
08/18/25
2
1
888
0.26
Single-Family Home
$254,000
06/03/26
3
2
1,340
0.17
Single-Family Home
$269,900
05/07/26
3
2
2,184
0.55
Single-Family Home
$200,000
05/22/26
2
1
1,968
0.37
Single-Family Home
$198,000
06/08/26
3
1
2,100
0.43
Single-Family Home
$289,000
01/06/26
3
2
1,658

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.09
$283,500
3
1.5
1,630
Off Market
0.11
$283,900
3
1
2,504
Off Market
0.13
$262,800
4
2
3,058
Off Market
0.13
$299,000
-
-
-
For Sale
0.17
$269,900
3
2
2,184
Recently Sold
0.16
$241,100
2
1
1,625
Off Market
0.18
$218,300
2
1
1,420
Off Market
0.18
$205,000
2
2
1,069
Recently Sold
0.18
$229,999
3
2
1,556
Recently Sold
0.20
$217,000
2
2
1,310
Recently Sold
0.19
$284,800
3
2
1,320
Off Market
0.23
$222,500
2
2
1,266
Off Market

Local Information

  • Map ViewExplore the area around 331 E Thompson Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1923
Lot Size
0.87 acres
Living Area
1,287 sqft
Price/Sqft
$122
Parking
Garage

About this House

This single-family home is located at 331 E Thompson Rd, Indianapolis, IN. 331 E Thompson Rd is in the Southdale neighborhood in Indianapolis, IN and in ZIP code 46227. This property has 2 bedrooms, 1 bathroom and approximately 1,287 sqft of floor space. This property has a lot size of 0.87 acres and was built in 1923.
331 E Thompson Rd, Indianapolis, IN 46227 is a 2 bedroom, 1 bathroom, 1,287 sqft single-family home in Southdale, built in 1923. More recently, it was listed as a rental in August 2020 with an asking price of $800 per month. That rental listing was removed on August 19, 2020. It is currently off market. The Trulia Estimate is $156,400, with a rent estimate of $1,307/month.

Home Details for 331 E Thompson Rd

Interior Features

Interior Details
BasementNumber of Rooms: 6Types of Rooms: Dining Room
Heating & Cooling
Heating: Forced Air, Electric, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Laminate
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Crawl Raised
Parking & Garage
GarageParking: None, Garage

Property Information

Year Built
Year Built: 1923Year Updated: 1923
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Community

Units in Building: 1

Lot Information

Lot Area: 0.87 acres

Price and Tax history

DateEventPrice
Aug 19, 2020
Source: Agent Provided
ListingRemoved
$800
Aug 6, 2020
Source: Agent Provided
Listed For Rent
$800
May 8, 2019
Source: Agent Provided
ListingRemoved
$800
May 3, 2019
Source: Agent Provided
Listed For Rent
$800
Apr 8, 2014
Source: Agent Provided
ListingRemoved
$700

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10K
MoM
Sale-to-List Price
99.6%
0.3%
MoM
Price per sq ft
$145
$3
MoM
Available listings
4043
154
MoM
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Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Southdale

At least 44 Trulia users voted on each feature.
  • 95 % Say car is needed

  • 82 % Say it's dog friendly

  • 80 % Say parking is easy

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 74 % Say kids play outside

  • 57 % Say there are sidewalks

  • 53 % Say it's quiet

  • 53 % Say they plan to stay for at least 5 years

  • 52 % Say people would walk alone at night

  • 43 % Say there's wildlife

  • 42 % Say neighbors are friendly

  • 34 % Say streets are well-lit

  • 30 % Say it's walkable to grocery stores

  • 27 % Say it's walkable to restaurants

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "we need more public transportation and convenience stores butis very neighborly great place to raise your family and the schools is top 3 in the state , shopping is very close and everything you need is in a 3 mile radius and the highway as well downtown Indy and college campus all within a 3 mile radius from the surrounding neighborhoods "
  • Rosario Y. E. A.
    "I like this area because is so quiet and safe we have neighborhood potlucks And movies night. And every Halloween houses are decorated "
  • Maria J.
    "I like to live here because is a nice place and quite and clean and it has holiday spirit in Christmas "
  • Maria J.
    "My neighborhood is a good place to live in it has holiday spirits and good schools and is close to stores "
  • Michael C.
    "Good place to live. Very quiet and pretty safe. Homes prices are on average and homes are newer builds."
  • Brittney W.
    "seems quiet and safe. looks nice and houses are taken care of. people take care of their yards and care about the community. "
  • Bwhitescarver09
    "I've lived in this area for a year and half.everyone here are kind and friendly. schools are close and playgrounds."
  • Gerald R.
    "It’s quiet,low violence minutes from shopping and right next to the highway. Needs more diversity , but other than that it’s cool. "

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Homes for sale near 331 E Thompson Rd

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Off Market Homes Near 331 E Thompson Rd

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Frequently asked questions about 331 E Thompson Rd

  • What is 331 E Thompson Rd estimated to be worth?
    Trulia's estimated value for 331 E Thompson Rd in Indianapolis, IN is $156,400.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • What do residents say about the Southdale neighborhood?
    Residents describe the Southdale neighborhood in Indianapolis, IN as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Southdale, Indianapolis.
  • Does 331 E Thompson Rd have air conditioning?
    Yes, 331 E Thompson Rd in Indianapolis, IN has air conditioning.
  • How big is the lot at 331 E Thompson Rd?
    The lot at 331 E Thompson Rd in Indianapolis, IN is about 0.87 acres (37,897 sq ft).