Median sale price
$260,000Redfin city: Speedway
All neighborhoods
West Side - Indianapolis
Speedway, Indianapolis real estate guide
Speedway, Indianapolis real estate guide with median sale price $260,000, $125/sqft, 78 days on market, home styles, schools, amenities, and FAQs.
Housing market stats
Median price and housing data for Speedway
Latest Redfin month: March 2026 / Redfin Data Center / Redfin city: Speedway / Data pulled May 22, 2026
Latest month includes 9 reported sales for Speedway. This uses city-level Redfin data.
Median price / sqft
$125/sqftRedfin city: Speedway
Median days on market
78Typical market speed
Price change
+3.2%Year over year
12-month median price trend
Latest March 2026: $260,000Neighborhood overview
What to know about Speedway
Speedway is a small town of about 12,000 people on the west side, surrounded by Indianapolis but with its own town government and the School Town of Speedway as its district. The Indianapolis Motor Speedway anchors the western edge and Main Street has been on a steady redevelopment arc.
The housing stock is mostly bungalows, ranches, cottages, and mid-century homes near the track and Main Street. Lot sizes are reasonable. Newer infill and renovation activity have picked up around Main Street.
The latest Redfin data (March 2026) shows a median sale price around $260,000, up 3.2% year over year, with homes selling for about 99% of list and a 78-day median days on market. The strong sale-to-list ratio confirms accurate pricing gets paid, but the longer DOM tells you marketing time matters here.
Speedway fits buyers who want a small-town feel inside the metro, race-season short-term rental investors where rules allow, sellers near Main Street or the track, and households wanting School Town of Speedway rather than IPS. Tradeoffs include race-week traffic and noise, parking pressure near the track during events, and limited new construction.
For investors, the short-term-rental thesis around race weekends is real but verify the town's ordinance carefully before underwriting that into the deal. For sellers, the 99% sale-to-list ratio rewards accurate pricing.
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6 articles on Speedway
Speedway FAQ
Speedway questions, straight answers.
Quick answers about buying, selling, and investing in Speedway. Still deciding? Book a consultation and ask a Roots agent directly.
Book a Consultation →What is the median sale price in Speedway?
The current median sale price shown for Speedway, Indianapolis is $260,000. This figure comes from Redfin Data Center (Redfin city: Speedway). Use it as a neighborhood-level reference point rather than a valuation for a specific home.
What is the median price per square foot in Speedway?
The current median price per square foot shown for Speedway, Indianapolis is $125/sqft. Price per square foot can swing by condition, layout, lot, updates, parking, and exact block.
What types of homes are common in Speedway?
Speedway is mostly bungalows, ranches, cottages, and mid-century homes near the Motor Speedway and Main Street. Newer infill and renovation activity has picked up around the Main Street redevelopment area.
What schools serve Speedway?
School Town of Speedway covers the town. School district is a meaningful reason some buyers choose Speedway over surrounding west-side Marion County areas. Verify assigned schools by exact address, especially near town limits.
Is Speedway a good place to buy a home?
Speedway fits buyers who want a small-town feel inside the metro with proximity to the Indianapolis Motor Speedway and the Main Street redevelopment. Tradeoffs include race-week traffic and noise, parking pressure near the track, and limited new construction.
Is Speedway good for short-term rental investors?
Race weekends drive a real short-term rental thesis in Speedway, but verify the town's STR ordinance and any HOA rules carefully before underwriting that into the deal. The race-weekend revenue concentration also means cash flow planning needs to be conservative across the year.
What should sellers know about pricing in Speedway?
With a 99% sale-to-list ratio, accurate initial pricing works. The 78-day median DOM means marketing time matters. Comp work should focus on similar condition and proximity to Main Street or the track.
How long do homes stay on the market in Speedway?
The median days on market is about 78 days, longer than several other Indianapolis-area cities. Well-priced updated homes near Main Street move faster. Smaller inventory pools and seasonal buyer cycles pull the average up.
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