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Featured local agent — New Palestine, IN
Sarah Mitchell
Compass Real Estate · New Palestine, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Palestine, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$388,000median sale price
How is the New Palestine, IN housing market right now?
The median home sale price in New Palestine, IN is $388,000, down 3.0% year-over-year. Homes sell in an average of 40 days with 15 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 Palestine a buyer's or seller's market?
New Palestine, IN is currently a seller's market, based on 1.7 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
40
Average pace
Active listings
15
1.7 months supply
Sale-to-list
97.4%
Below asking
What does the New Palestine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $388,000 |
| Median list price | $439,500 |
| Year-over-year price change | -3.0% |
| Average days on market | 40 days |
| Active inventory | 15 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $162/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 14 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Palestine by property type?
How the New Palestine, 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 | $386,500 | $159/sq ft | 8 | 48 days |
| Condo / Co-op | $415,000 | $184/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The New Palestine housing market is currently classified as a seller's market with a median sale price of $388,000. Prices have fallen 3.0% compared to last year, with homes spending an average of 40 days on market, indicating 1.7 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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in New Palestine
There are currently 15 homes listed for sale in New Palestine, Indiana. The median listing price is $440K.
Active listings
15
Homes on market
Median list price
$440K
Avg. days on market
40
Days until sale
New this week
14
Newly listed
Who lives in New Palestine?
Population
3,027
Median income
$93,170/yr
Median age
42.9 years
Owner-occupied
79.0%
College grads
39.1%
Avg commute
30.8 min
Source: U.S. Census Bureau ACS
What are homes worth in New Palestine?
Zillow home value
$388,069
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in New Palestine?
New Palestine is a community of approximately 3K residents with a median age of 42.9 years.The median household income is $93,170, which reflects a relatively affluent area with strong earning potential. 39.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Palestine offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Palestine?
5 schools tracked · 3,556 students
The largest public schools serving New Palestine, 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 Palestine High School
Grades 9-12 · 1,217 students
New Palestine Jr High School
Grades 7-8 · 621 students
New Palestine Intermediate School
Grades 5-6 · 583 students
Sugar Creek Elementary Sch
Grades PK-4 · 577 students
New Palestine Elementary School
Grades PK-4 · 558 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 Palestine, IN?
Want a head-to-head view? Compare New Palestine 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 Palestine?
The median home sale price in New Palestine is $388,000, down 3.0% from last year.
How long do homes stay on market in New Palestine?
Homes typically spend 40 days on market before going under contract.
What is the median income in New Palestine?
The median household income is $93,170 per year.
Is New Palestine a buyer's or seller's market?
With 1.7 months of supply, New Palestine is currently a seller's market.
What is the Zillow home value estimate for New Palestine?
The Zillow Home Value Index (ZHVI) for New Palestine is $388,069, representing the typical home value in the area.
What is the median condo price in New Palestine?
The median condo/co-op sale price in New Palestine, IN is $415,000, compared to $386,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Palestine?
The median single-family home price in New Palestine, IN is $386,500 (about $159 per square foot).
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