Mitch's Weekly Market Report
Speedway, IN 46224
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Speedway, IN 46224
Thu Jul 16 2026
This week the median list price for Speedway, IN 46224 is $364,750 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $364,750 | |
| Median Price of New Listings | $259,900 | |
| Per Square Foot | $190 | |
| Average Days on Market | 91 | |
| Median Days on Market | 77 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 | 126 |
| $380,000 | 2,214 | 8,000 - 10,000 sqft | 5 | 3 | 69 | 0 | 0 | 14 |
| $304,700 | 1,430 | 8,000 - 10,000 sqft | 3 | 2 | 72 | 1 | 0 | 70 |
| $233,850 | 1,056 | 4,500 - 6,500 sqft | 3 | 1 | 35 | 0 | 0 | 140 |