Is Speedway, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$249,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Speedway was $249,000 in May 2024, up 3.8% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.9K | - | N/A |
2 Bedrooms | $215.4K | $215K | -0.2% |
3 Bedrooms | $240.5K | $250K | +4.0% |
4 Bedrooms | $279.5K | $333.7K | +19.4% |
5+ Bedrooms | $430K | $315K | -26.7% |
Summary: Speedway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $185.1K | $194.8K | +5.2% |
Speedway | $240K | $249K | +3.8% |
Indianapolis | $235.3K | $240.2K | +2.1% |
Housing Supply in Speedway, IN
How many homes are available in Speedway, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Summary: The Speedway real estate market had 28 homes for sale in May 2024, a 15.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 16 | 13 | -18.8% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Speedway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Speedway in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +45.5% |
Summary: Homes in Speedway had an average of 26 days on market in May 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Speedway; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.