5545 Gray Rd, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$236,400

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,206 sqft (on 0.41 acres)

5545 Gray Rd, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,538/mo*
Refinance Your Home
Currently Off Market - Sold Oct 5, 2021 for $200,000

Home Value

Trulia Estimate
$236K
Since last month
$100 (0%)
Since last year
Increased$6K (+2.7%)
Since last sale
Increased$36K (+17.8%)
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 +103% in the last 10 years
MonthEstimated value
2026
September 2026$236K
August 2026$236K
July 2026$238K
June 2026$237K
May 2026$236K
April 2026$235K
March 2026$231K
February 2026$232K
January 2026$228K
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
4314 Dudley North Dr, Indianapolis, IN
0.11
Single-Family Home
$217,000
11/10/25
3
1
1,403
4109 E Epler Ave, Indianapolis, IN
0.08
Single-Family Home
$263,000
10/14/25
3
2
1,494
4429 Dudley North Dr, Indianapolis, IN
0.22
Single-Family Home
$135,000
08/05/26
3
1
2,286
4330 N Dudley North Dr, Indianapolis, IN
0.15
Single-Family Home
$236,500
06/05/26
4
1.5
1,500
4555 Blackstone Dr, Indianapolis, IN
0.37
Single-Family Home
$245,000
05/12/26
3
1
1,084
4124 Shelbyville Rd, Indianapolis, IN
0.50
Single-Family Home
$234,000
01/16/26
3
1
1,040
4430 Dudley North Dr, Indianapolis, IN
0.20
Single-Family Home
$200,000
07/31/26
3
1.5
2,112
3535 Parrish Ct, Indianapolis, IN
0.53
Single-Family Home
$202,900
09/30/25
3
1
1,385
5519 Black Cherry Cir, Indianapolis, IN
0.11
Single-Family Home
$252,000
06/04/26
3
2
1,518
3605 Redwood Dr, Indianapolis, IN
0.46
Single-Family Home
$175,000
07/06/26
3
1
1,271

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
4220 Dudley South Dr, Indianapolis, IN 46237
0.09
$244,400
3
1.5
1,375
Off Market
4336 S Dudley South Dr, Indianapolis, IN 46237
0.12
$242,700
3
1.5
2,412
Off Market
5638 Gray Rd, Indianapolis, IN 46237
0.10
$349,900
3
3
2,600
For Sale
4314 Dudley North Dr, Indianapolis, IN 46237
0.11
$217,500
3
1
1,403
Off Market
5524 Cherry Blossom Ct, Indianapolis, IN 46237
0.07
$317,600
4
2.5
1,999
Off Market
4314 E Dudley North Dr, Indianapolis, IN 46237
0.11
$182,100
3
1
1,403
Off Market
4109 E Epler Ave, Indianapolis, IN 46237
0.08
$263,800
3
2
1,494
Off Market
4320 E Dudley Dr N, Indianapolis, IN 46237
0.13
$199,400
3
1
1,500
Off Market
4343 E Dudley South Dr, Indianapolis, IN 46237
0.15
$213,100
3
2
1,247
Off Market
4330 N Dudley North Dr, Indianapolis, IN 46237
0.15
$236,500
4
1.5
1,500
Recently Sold
5519 Black Cherry Cir, Indianapolis, IN 46237
0.11
$252,000
3
2
1,518
Recently Sold
4118 E Epler Ave, Indianapolis, IN 46237
0.12
$302,500
2
2
1,756
Off Market

Local Information

  • Map ViewExplore the area around 5545 Gray Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1956
0.41 acre lot
1,206 sqft
$196/sqft
Garage

About this House

What's unique:Brick ranchNew roof guttersNew water heaterGreat location
Updated 3 bedroom 1 bath brick ranch with maintenance-free vinyl soffits and 22x10 sun porch! Newer carpet in living room and bedrooms. Beginning in 2012: New Windows, Sump Pump, New Kitchen, New Bath, New Front Door. 2014: New Roof & Gutters, Driveway. 2015: New chimney, New Water Heater 2021: Garage Door Opener, HVAC system, Fridge. Newer 10x10 Storage Barn and an older 10 x 12 Storage Barn with a loft. City water/sewer. There is a well for outdoor watering. Great location in Perry with easy access to 465 and to 65. Seller will remove the CrossFit equipment on the driveway prior to closing.
5545 Gray Rd, Indianapolis, IN 46237 is a 3 bedroom, 1 bathroom, 1,206 sqft single-family home in South Emerson, built in 1956. It last sold for $200,000 on Oct 5, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $236,400, with a rent estimate of $1,573/month.

Home Details for 5545 Gray Rd

Interior Features

Heating & Cooling
Heating: Heat PumpAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 6

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: BrickFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1956Year Updated: 1956
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.41 acres

Price and Tax history

DateEventPrice
Oct 5, 2021
Source: MIBOR as distributed by MLS GRID #21809301
Sold
$200,000
Aug 30, 2021
Source: MIBOR as distributed by MLS GRID #21809301
Pending
$185,000
Aug 27, 2021
Source: MIBOR as distributed by MLS GRID #21809301
Listed For Sale
$185,000
Oct 1, 2012
Source: N/A
Sold
$40,000
Aug 4, 2012
Source: Agent Provided
PriceChange
$66,420
Price decreased by 10%

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

Neighborhood Overview

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5545 Gray Rd

  • What is 5545 Gray Rd estimated to be worth?
    Trulia's estimated value for 5545 Gray Rd in Indianapolis, IN is $236,400.
  • What is the price history for 5545 Gray Rd?
    5545 Gray Rd in Indianapolis, IN last sold for $200,000 in October 2021.
  • 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 $257K. That is up $6.7K from the prior month.
  • Does 5545 Gray Rd have air conditioning?
    Yes, 5545 Gray Rd in Indianapolis, IN has air conditioning.
  • How big is the lot at 5545 Gray Rd?
    The lot at 5545 Gray Rd in Indianapolis, IN is about 0.41 acres (17,860 sq ft).

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