Mitch's Weekly Market Report
Speedway, IN 46224
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Speedway, IN 46224
Wed Jul 08 2026
This week the median list price for Speedway, IN 46224 is $367,250 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $367,250 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $192 | |
| Average Days on Market | 86 | |
| Median Days on Market | 70 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $545,000 | 3,953 | 0.5 - 1 acre | 6 | 4.3 | 88 | 0 | 1 | 119 |
| $385,000 | 2,214 | 8,000 - 10,000 sqft | 5 | 3 | 69 | 0 | 0 | 7 |
| $312,250 | 1,439 | 8,000 - 10,000 sqft | 3 | 2.5 | 69 | 0 | 0 | 70 |
| $233,850 | 1,056 | 4,500 - 6,500 sqft | 3 | 1 | 35 | 0 | 0 | 133 |