$3,266 Closing Credit*
$275,000
2,582 SqFt
4 Beds
•2 Full Baths, 1 Partial
Derek Gutting, Listing Office: Keller Williams Indpls Metro N
Is Speedway, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Speedway was a Seller's Market.
Key Takeaway
Speedway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Speedway, IN
How much do homes in Speedway, IN cost?
Median Sold Price
$255,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,750(+5.7%)
Key Takeaway
Homes in Speedway have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Speedway was $255,000 in November 2024, up 5.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $142K | -40.8% |
| 2 Bedrooms | $214.7K | $230K | +7.1% |
| 3 Bedrooms | $250K | $253.9K | +1.6% |
| 4 Bedrooms | $279K | $346K | +24.0% |
| 5+ Bedrooms | $372.5K | $370K | -0.7% |
Summary: Speedway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Speedway | $241.2K | $255K | +5.7% |
| Indianapolis | $235K | $248.1K | +5.6% |
| Wayne Township | $190K | $200K | +5.3% |
Housing Supply in Speedway, IN
How many homes are available in Speedway, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 33 | -19.5% |
Summary: The Speedway real estate market had 33 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Speedway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 4 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Speedway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Speedway in November 2024, down by 75.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Speedway, IN
How long does it take to sell a home in Speedway, IN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -28.4% |
Summary: Homes in Speedway had an average of 21 days on market in Nov 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Speedway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Speedway; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.