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Featured local agent — Speedway, IN
Sarah Mitchell
Compass Real Estate · Speedway, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Speedway, IN Housing Market
The typical home in Speedway, IN is worth $236,311, fell 2.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $257,450, -6.4% year over year (through May 2026). With 0.8 months of supply and homes going under contract in about 4 days, Speedway is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $236,311 home is about $1,262/mo in principal and interest.
Key numbers for Speedway, IN
Typical home value
$236,311
-2.4% in 12 months
Zillow, August 2026
Typical asking rent
$1,679/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$257,450
-6.4% year over year
Redfin, through May 2026
Days on market
4
Fast-moving
Redfin, through May 2026
Active listings
11
0.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$57,158
Home costs 4.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.8%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Speedway a buyer's or seller's market?
Speedway, IN is a strong seller's market, based on 0.8 months of supply and homes selling in about 4 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Speedway housing market data show?
Every row below is Redfin's final published month for Speedway, IN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $257,450 |
| Median list price | $247,500 |
| Year-over-year price change | -6.4% |
| Median price per sq ft | $130/sq ft |
| Median days on market | 4 days |
| Active inventory | 11 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 98.8% |
| Homes sold (that month) | 14 |
| New listings (that month) | 12 |
| Listings with a price cut | 27.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Speedway is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Speedway is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Speedway home prices moved?
Over the last three years the median sale price in Speedway, IN rose 10.4%, from $233,250 to $257,450. The live Zillow value series has fell 2.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.3% of Speedway listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 0.8 months while the sale-to-list ratio slips below its current 98.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Speedway?
Priced off the typical home value of $236,311 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $47,262 | $189,049 | $1,262/mo |
| 5% | $11,816 | $224,496 | $1,498/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,262, that implies roughly $54,067 a year before you add taxes and insurance. The median household in Speedway earns $57,158, about $3,091 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.1x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Speedway in the next 12 months?
Tell us your timeline. We send the Speedway market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Speedway?
Typical asking rent in Speedway, IN is $1,679/mo, against a typical home value of $236,311. That is a price-to-rent ratio of 11.7x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,262 a month — $417 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Speedway?
Active listings in Speedway, IN went from 10 in May 2025 to 11 in May 2026, a +10.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 10 | 8 |
| July 2025 | 17 | 13 |
| August 2025 | 17 | 11 |
| September 2025 | 13 | 15 |
| October 2025 | 17 | 7 |
| November 2025 | 16 | 7 |
| December 2025 | 16 | 5 |
| January 2026 | 17 | 7 |
| February 2026 | 14 | 6 |
| March 2026 | 16 | 12 |
| April 2026 | 10 | 10 |
| May 2026 | 11 | 12 |
Redfin, through May 2026
How does Speedway compare to Indiana and the U.S.?
Speedway homes sell for $257,450 — 10% below the Indiana median of $287,300. Against the national median of $410,700, Speedway runs 37% lower. Year-over-year, Speedway moved -6.4% against Indiana's +4.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Speedway, IN | $257,450 | -6.4% | 4 days |
| Indiana statewide | $287,300 | +4.2% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Speedway
What buyers should watch
- Months of supply, currently 0.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $237 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $236,311 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Speedway listing goes under contract in 4 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Speedway added 12 new listings against 14 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -2.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Speedway varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Speedway
There are currently 11 homes listed for sale in Speedway, Indiana. The median listing price is $248K.
Active listings
11
Homes on market
Median list price
$248K
Avg. days on market
4
Days until sale
New this week
12
Newly listed
How much do homes cost in Speedway by property type?
How the Speedway, IN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,950 | $130/sq ft | 12 | 3 days |
Who lives in Speedway?
American Community Survey estimates for Speedway. U.S. Census ACS, 2023
Population
13,622
Households
5,991
Median income
$57,158/yr
Median age
35.9 years
Owner-occupied
46.4%
Median home value
$209,400
Median gross rent
$1,120/mo
Mean commute
22.9 min
46.4% of occupied homes in Speedway are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $209,400 against Zillow's $236,311 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,120/mo, below Zillow's $1,679/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Speedway?
6 schools tracked · 1,789 students
The largest public schools serving Speedway, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Speedway Senior High School
Grades 9-12 · 572 students
Frank H Wheeler Elementary Sch 4
Grades K-6 · 323 students
Speedway Junior High School
Grades 7-8 · 286 students
James A Allison Elementary Sch 3
Grades K-6 · 242 students
Arthur C Newby Elementary School 2
Grades K-6 · 220 students
Carl G Fisher Elementary School 1
Grades PK-6 · 146 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Speedway, IN?
Ordered by distance from Speedway, not by size. Compare Speedway side by side with any of them.
Speedway housing market FAQ
Is Speedway a buyer's or seller's market?
Speedway, IN is currently a strong seller's market. That read comes from 0.8 months of supply, homes going under contract in about 4 days, and sellers getting 98.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Speedway?
The typical home in Speedway, IN is worth $236,311 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $257,450, about $130 per square foot.
Is Speedway cheaper than the rest of Indiana?
Speedway's median sale price of $257,450 is 10% lower than the Indiana statewide median of $287,300, and 37% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Speedway?
Homes in Speedway, IN spent a median of 4 days on market before going under contract, versus 26 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Speedway?
At the current 30-year fixed rate of 7.03%, 20% down on a $236,311 home is about $1,262 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $54,067 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $57,158.
Are home prices rising in Speedway?
The typical home value in Speedway, IN fell 2.4% over the last 12 months, from $242,242 to $236,311 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Speedway?
Speedway ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Speedway?
That depends on your timeline, not on a headline. What the data says today: Speedway, IN is a strong seller's market with 0.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 11.7x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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