Is New Palestine, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Palestine has remained a Seller's Market.
Housing Prices in New Palestine, IN
How much do homes in New Palestine, IN cost?
Median Sold Price
$361,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Palestine was $361,000 in April 2024, up 0.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300.4K | $336.9K | +12.2% |
3 Bedrooms | $335K | $339.7K | +1.4% |
4 Bedrooms | $386K | $400K | +3.6% |
5+ Bedrooms | $409.4K | $415.9K | +1.6% |
Summary: New Palestine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
New Palestine | $359.9K | $361K | 0.3% |
Sugar Creek Township | $360K | $359.9K | 0% |
Housing Supply in New Palestine, IN
How many homes are available in New Palestine, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 67 | +17.5% |
Summary: The New Palestine real estate market had 67 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 20 | 29 | +45.0% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The New Palestine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 20 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in New Palestine in April 2024, up by 100.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for New Palestine, IN
How long does it take to sell a home in New Palestine, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 31 Days | -29.4% |
Summary: Homes in New Palestine had an average of 31 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in New Palestine; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.