Speedway, IN Foreclosures
How much do homes sell for in Speedway, IN?
The average home price is currently $243,608.
In Speedway, IN, how many homes are available?
There are currently 36 active home listings available in Speedway.
What’s the average rental cost in Speedway, IN?
The average rental price in Speedway is $1,151.
What is the most expensive home in Speedway?
The most expensive home sold in Speedway had a price of $931,400.
What is currently the cheapest priced home in Speedway, IN?
The cheapest home for sale in Speedway is priced at $55,000.
Living in Speedway, IN
Speedway, IN, is a charming community adjacent to Indianapolis, known for its rich racing heritage and family-friendly atmosphere. With local amenities, parks, and excellent schools, it offers a desirable suburban lifestyle while being just a short drive from urban conveniences.
Current Market Conditions in Speedway, IN
The real estate market in Speedway, IN, has shown promising signs of growth over the past year. Home prices have steadily increased, making it an attractive market for both buyers and investors. The overall demand for single-family homes remains high, spurred by the area's appeal and proximity to Indianapolis.
More families and young professionals are flocking to the area due to its affordability compared to nearby urban centers. As more developments emerge, and due to the popularity of the Indianapolis Motor Speedway, the demand for properties is expected to remain consistent.
Home Value Estimator For Speedway, IN
There are currently 2,846 real estate properties
in Speedway, IN,
with a median automated valuation model (AVM) price
of $244,679.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Speedway, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Speedway, IN,
is $243,608.00, with the most expensive house
in Speedway, IN, topping out
at $931,400.00 and the cheapest home
in Speedway, IN,
clocking in at $55,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Speedway, IN!
Rent Prices
In Speedway, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Speedway, IN, is on
a rollercoaster ride. The
average rent price in Speedway, IN,
is $1,151.00. Indeed, when looking to rent in
Speedway, IN, you can expect to pay as little
as $520.00 or as much
as $2,020.00,
with the average rent median estimated to
be $1,150.00. The good news is that finding
an affordable and desirable property to rent in Speedway, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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