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Featured local agent — New Chicago, IN
Sarah Mitchell
Compass Real Estate · New Chicago, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Chicago, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$121,000median sale price
How is the New Chicago, IN housing market right now?
The median home sale price in New Chicago, IN is $121,000, down 24.1% year-over-year. Homes sell in an average of 47 days with 2 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 Chicago a buyer's or seller's market?
New Chicago, IN is currently a seller's market, based on 1.0 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
47
Average pace
Active listings
2
1.0 months supply
Sale-to-list
96.7%
Below asking
What does the New Chicago housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $121,000 |
| Median list price | $212,500 |
| Year-over-year price change | -24.1% |
| Average days on market | 47 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Chicago by property type?
How the New Chicago, 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 | $121,000 | $142/sq ft | 2 | 47 days |
Source: Redfin · Updated monthly
The New Chicago housing market is currently classified as a seller's market with a median sale price of $121,000. Prices have fallen 24.1% compared to last year, with homes spending an average of 47 days on market, indicating 1.0 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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in New Chicago
There are currently 2 homes listed for sale in New Chicago, Indiana. The median listing price is $213K.
Active listings
2
Homes on market
Median list price
$213K
Avg. days on market
47
Days until sale
New this week
2
Newly listed
Who lives in New Chicago?
Population
2,348
Median income
$54,700/yr
Median age
30.4 years
Owner-occupied
68.2%
College grads
17.0%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in New Chicago?
Zillow home value
$168,613
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in New Chicago?
New Chicago is a community of approximately 2K residents with a median age of 30.4 years.The median household income is $54,700, which represents a working-class community with solid middle-income opportunities. 17.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Chicago offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Chicago, IN?
Want a head-to-head view? Compare New Chicago side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Chicago?
The median home sale price in New Chicago is $121,000, down 24.1% from last year.
How long do homes stay on market in New Chicago?
Homes typically spend 47 days on market before going under contract.
What is the median income in New Chicago?
The median household income is $54,700 per year.
Is New Chicago a buyer's or seller's market?
With 1.0 months of supply, New Chicago is currently a seller's market.
What is the Zillow home value estimate for New Chicago?
The Zillow Home Value Index (ZHVI) for New Chicago is $168,613, representing the typical home value in the area.
How much does a single-family home cost in New Chicago?
The median single-family home price in New Chicago, IN is $121,000 (about $142 per square foot).
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