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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 & Real Estate
Housing market overview · Updated monthly ·
$257,450median sale price
How is the Speedway, IN housing market right now?
The median home sale price in Speedway, IN is $257,450, down 6.4% year-over-year. Homes sell in an average of 4 days with 11 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Speedway a buyer's or seller's market?
Speedway, IN is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
4
Fast-moving
Active listings
11
0.8 months supply
Sale-to-list
98.8%
Below asking
What does the Speedway housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $257,450 |
| Median list price | $247,500 |
| Year-over-year price change | -6.4% |
| Average days on market | 4 days |
| Active inventory | 11 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $130/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 12 |
| Listings with a price cut | 27.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Speedway by property type?
How the Speedway, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,950 | $130/sq ft | 12 | 3 days |
Source: Redfin · Updated monthly
The Speedway housing market is currently classified as a strong seller's market with a median sale price of $257,450. Prices have fallen 6.4% compared to last year, with homes spending an average of 4 days on market, indicating 0.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
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
Who lives in Speedway?
Population
13,622
Median income
$57,158/yr
Median age
35.9 years
Owner-occupied
46.4%
College grads
34.4%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Speedway?
Zillow home value
$240,259
Zillow rent index
$1,645/mo
Price-to-rent ratio
12.2x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Speedway?
Speedway is a community of approximately 14K residents with a median age of 35.9 years.The median household income is $57,158, which represents a working-class community with solid middle-income opportunities. 34.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 46.4%, showing a blend of owner and renter-occupied properties. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Speedway offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Speedway side-by-side with any other U.S. city using our market-comparison tool.
Is Speedway a good real estate investment market?
For investors evaluating Speedway, the price-to-rent ratio of 12.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 6.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Speedway's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Speedway's median home price.
Frequently asked questions
What is the average home price in Speedway?
The median home sale price in Speedway is $257,450, down 6.4% from last year.
How long do homes stay on market in Speedway?
Homes typically spend 4 days on market before going under contract.
What is the median income in Speedway?
The median household income is $57,158 per year.
Is Speedway a buyer's or seller's market?
With 0.8 months of supply, Speedway is currently a strong seller's market.
What is the Zillow home value estimate for Speedway?
The Zillow Home Value Index (ZHVI) for Speedway is $240,259, representing the typical home value in the area.
How much does a single-family home cost in Speedway?
The median single-family home price in Speedway, IN is $239,950 (about $130 per square foot).
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