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Featured local agent — New Castle, IN
Sarah Mitchell
Compass Real Estate · New Castle, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Castle, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$161,000median sale price
How is the New Castle, IN housing market right now?
The median home sale price in New Castle, IN is $161,000, up 22.3% year-over-year. Homes sell in an average of 21 days with 51 active listings. The market is currently a seller's 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 Castle a buyer's or seller's market?
New Castle, IN is currently a seller's market, based on 2.4 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
21
Average pace
Active listings
51
2.4 months supply
Sale-to-list
96.4%
Below asking
What does the New Castle housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $161,000 |
| Median list price | $139,950 |
| Year-over-year price change | +22.3% |
| Average days on market | 21 days |
| Active inventory | 51 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 96.4% |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 32 |
| Listings with a price cut | 51.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Castle by property type?
How the New Castle, 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 | $161,000 | $120/sq ft | 21 | 21 days |
Source: Redfin · Updated monthly
The New Castle housing market is currently classified as a seller's market with a median sale price of $161,000. Prices have risen 22.3% compared to last year, with homes spending an average of 21 days on market, indicating 2.4 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in New Castle
There are currently 51 homes listed for sale in New Castle, Indiana. The median listing price is $140K.
Active listings
51
Homes on market
Median list price
$140K
Avg. days on market
21
Days until sale
New this week
32
Newly listed
Who lives in New Castle?
Population
17,356
Median income
$48,977/yr
Median age
41.1 years
Owner-occupied
62.9%
College grads
13.9%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in New Castle?
Zillow home value
$171,868
Zillow rent index
$756/mo
Price-to-rent ratio
18.9x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in New Castle?
New Castle is a community of approximately 17K residents with a median age of 41.1 years.The median household income is $48,977, which represents a working-class community with solid middle-income opportunities. 13.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Castle offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Castle?
9 schools tracked · 3,488 students
The largest public schools serving New Castle, 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 Castle High School
Grades 9-12 · 824 students
New Castle Middle School
Grades 6-8 · 633 students
Wilbur Wright Elementary School
Grades PK-6 · 327 students
Blue River Valley Elementary Sch
Grades PK-6 · 317 students
Blue River Valley Jr-Sr High Sch
Grades 7-12 · 297 students
Parker Elementary School
Grades PK-5 · 285 students
Eastwood Elementary School
Grades PK-6 · 280 students
Westwood Elementary School
Grades K-6 · 272 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 Castle, IN?
Want a head-to-head view? Compare New Castle side-by-side with any other U.S. city using our market-comparison tool.
Is New Castle a good real estate investment market?
For investors evaluating New Castle, the price-to-rent ratio of 18.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Castle's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Castle's median home price.
Frequently asked questions
What is the average home price in New Castle?
The median home sale price in New Castle is $161,000, up 22.3% from last year.
How long do homes stay on market in New Castle?
Homes typically spend 21 days on market before going under contract.
What is the median income in New Castle?
The median household income is $48,977 per year.
Is New Castle a buyer's or seller's market?
With 2.4 months of supply, New Castle is currently a seller's market.
What is the Zillow home value estimate for New Castle?
The Zillow Home Value Index (ZHVI) for New Castle is $171,868, representing the typical home value in the area.
How much does a single-family home cost in New Castle?
The median single-family home price in New Castle, IN is $161,000 (about $120 per square foot).
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