Is New Castle, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Castle has remained a Seller's Market.
Housing Prices in New Castle, IN
How much do homes in New Castle, IN cost?
Median Sold Price
$139,737
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Castle was $139,737 in March 2024, up 33.1% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.4K | $90K | +48.8% |
2 Bedrooms | $77.7K | $90K | +15.8% |
3 Bedrooms | $127K | $152K | +19.7% |
4 Bedrooms | $177.4K | $187.9K | +5.9% |
5+ Bedrooms | $175K | $280K | +60.0% |
Summary: New Castle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Cities
New Castle | $105K | $139.7K | +33.1% |
Henry Township | $109.6K | $135K | +23.1% |
Franklin Township | $258K | $270.5K | +4.9% |
Housing Supply in New Castle, IN
How many homes are available in New Castle, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 98 | +12.6% |
Summary: The New Castle real estate market had 98 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 25 | +56.3% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The New Castle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in New Castle in March 2024, down by 4.2% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 26 Days | +47.8% |
Summary: Homes in New Castle had an average of 26 days on market in Mar 2024, up by 47.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in New Castle; 57% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.