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Featured local agent — New Albany, IN
Sarah Mitchell
Compass Real Estate · New Albany, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Albany, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$220,000median sale price
How is the New Albany, IN housing market right now?
The median home sale price in New Albany, IN is $220,000, down 2.2% year-over-year. Homes sell in an average of 54 days with 103 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Albany a buyer's or seller's market?
New Albany, IN is currently a balanced market, based on 2.5 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
54
Average pace
Active listings
103
2.5 months supply
Sale-to-list
98.4%
Below asking
What does the New Albany housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $234,900 |
| Year-over-year price change | -2.2% |
| Average days on market | 54 days |
| Active inventory | 103 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $149/sq ft |
| Homes sold (latest month) | 41 |
| New listings (latest month) | 55 |
| Listings with a price cut | 49.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Albany by property type?
How the New Albany, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $215,000 | $148/sq ft | 40 | 53 days |
| Condo / Co-op | $225,000 | $179/sq ft | 1 | 77 days |
| Townhouse | $270,000 | $114/sq ft | 1 | 220 days |
Source: Redfin · Updated monthly
The New Albany housing market is currently classified as a balanced market with a median sale price of $220,000. Prices have fallen 2.2% compared to last year, with homes spending an average of 54 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in New Albany
There are currently 103 homes listed for sale in New Albany, Indiana. The median listing price is $235K.
Active listings
103
Homes on market
Median list price
$235K
Avg. days on market
54
Days until sale
New this week
55
Newly listed
Who lives in New Albany?
Population
37,589
Median income
$54,152/yr
Median age
38 years
Owner-occupied
55.9%
College grads
22.8%
Avg commute
20.1 min
Source: U.S. Census Bureau ACS
What are homes worth in New Albany?
Zillow home value
$241,568
Zillow rent index
$1,204/mo
Price-to-rent ratio
16.7x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in New Albany?
New Albany is a community of approximately 38K residents with a median age of 38 years.The median household income is $54,152, which represents a working-class community with solid middle-income opportunities. 22.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.9%, showing a blend of owner and renter-occupied properties. The average commute time is 20.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Albany offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Albany?
12 schools tracked · 6,525 students
The largest public schools serving New Albany, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Albany Senior High School
Grades 9-12 · 1,814 students
Nathaniel Scribner Middle School
Grades 5-8 · 898 students
Hazelwood Middle School
Grades 5-8 · 810 students
Mount Tabor Elementary School
Grades PK-4 · 611 students
Grant Line Elementary School
Grades PK-4 · 516 students
Community Montessori
Grades PK-12 · 486 students
Green Valley Elementary School
Grades PK-4 · 419 students
Slate Run Elementary School
Grades PK-4 · 405 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Albany, IN?
Want a head-to-head view? Compare New Albany side-by-side with any other U.S. city using our market-comparison tool.
Is New Albany a good real estate investment market?
For investors evaluating New Albany, the price-to-rent ratio of 16.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Albany's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Albany's median home price.
Frequently asked questions
What is the average home price in New Albany?
The median home sale price in New Albany is $220,000, down 2.2% from last year.
How long do homes stay on market in New Albany?
Homes typically spend 54 days on market before going under contract.
What is the median income in New Albany?
The median household income is $54,152 per year.
Is New Albany a buyer's or seller's market?
With 2.5 months of supply, New Albany is currently a balanced market.
What is the Zillow home value estimate for New Albany?
The Zillow Home Value Index (ZHVI) for New Albany is $241,568, representing the typical home value in the area.
What is the median condo price in New Albany?
The median condo/co-op sale price in New Albany, IN is $225,000, compared to $215,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Albany?
The median single-family home price in New Albany, IN is $215,000 (about $148 per square foot).
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