Is New Castle, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Castle is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Castle has remained a Seller's Market.

Key Takeaway

New Castle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Castle, IN

How much do homes in New Castle, IN cost?

Median Sold Price

$155,128

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,628(+18.0%)

Key Takeaway

Homes in New Castle have sold for 18% more than they did a year ago.

Summary: The median home sold price in New Castle was $155,128 in November 2024, up 18% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$65K
-35.0%
2 $90K$101.5K
+12.8%
3 $145.4K$162K
+11.4%
4 $185K$200K
+8.1%
5+ $241K$240K
-0.4%

Summary: New Castle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

New Castle
+18.0%
Henry Township
+13.5%

Housing Supply in New Castle, IN

How many homes are available in New Castle, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
181158-12.7%

Summary: The New Castle real estate market had 158 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4648
+4.3%
3 9482
-12.8%
4 3221
-34.4%
5+ 97
-22.2%

Summary: The New Castle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5135-31.4%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Castle, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in New Castle in November 2024, down by 31.4% month-over-month. Of the 35 sold homes, 80% were sold under asking, 9% were sold at asking, and 11% were sold over asking.

Days on Market for New Castle, IN

How long does it take to sell a home in New Castle, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days36 Days+18.2%

Summary: Homes in New Castle had an average of 36 days on market in Nov 2024, up by 18.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Castle are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 35 homes were sold in New Castle; 26% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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