Is Speedway, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Speedway has remained a Seller's Market.
Housing Prices in Speedway, IN
How much do homes in Speedway, IN cost?
Median Sold Price
$247,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Speedway was $247,000 in March 2024, up 3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.9K | $285K | +18.8% |
2 Bedrooms | $215K | $215K | 0.0% |
3 Bedrooms | $240K | $250K | +4.2% |
4 Bedrooms | $277K | $317.2K | +14.5% |
5+ Bedrooms | $430K | $315K | -26.7% |
Summary: Speedway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $183.9K | $194.3K | +5.6% |
Speedway | $239.9K | $247K | +3.0% |
Indianapolis | $237K | $239.7K | +1.2% |
Housing Supply in Speedway, IN
How many homes are available in Speedway, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Summary: The Speedway real estate market had 30 homes for sale in March 2024, a 30.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Speedway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Speedway in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 31 Days | -6.9% |
Summary: Homes in Speedway had an average of 31 days on market in Mar 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Speedway; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.