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 December 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

$160,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$30,100(+23.2%)

Key Takeaway

Homes in New Castle have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in New Castle was $160,000 in December 2024, up 23.2% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $100K$72.5K
-27.5%
2 $89.5K$109K
+21.8%
3 $145.4K$165K
+13.4%
4 $175K$206K
+17.7%
5+ $232K$237K
+2.2%

Summary: New Castle housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.5%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

New Castle
+23.2%
Henry Township
+19.9%

Housing Supply in New Castle, IN

How many homes are available in New Castle, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
156133-14.7%

Summary: The New Castle real estate market had 133 homes for sale in December 2024, a 14.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 4647
+2.2%
3 7956
-29.1%
4 2321
-8.7%
5+ 89
+12.5%

Summary: The New Castle housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 29.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4233-21.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in New Castle in December 2024, down by 21.4% month-over-month. Of the 33 sold homes, 67% were sold under asking, 15% were sold at asking, and 18% 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

Dec 2023Dec 2024CHANGE
37 Days49 Days+32.7%

Summary: Homes in New Castle had an average of 49 days on market in Dec 2024, up by 32.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 December 2024, 33 homes were sold in New Castle; 15% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

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