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Featured local agent — New Pekin, IN
Sarah Mitchell
Compass Real Estate · New Pekin, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Pekin, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$125,000median sale price
How is the New Pekin, IN housing market right now?
The median home sale price in New Pekin, IN is $125,000, down 37.5% year-over-year. Homes sell in an average of 45 days with 4 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 Pekin a buyer's or seller's market?
New Pekin, IN is currently a seller's market, based on 4.0 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
45
Average pace
Active listings
4
4.0 months supply
Sale-to-list
104.2%
Above asking
What does the New Pekin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $125,000 |
| Median list price | $192,450 |
| Year-over-year price change | -37.5% |
| Average days on market | 45 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 104.2% |
| Median price per sq ft | $96/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Pekin by property type?
How the New Pekin, 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 | $125,000 | $96/sq ft | 1 | 45 days |
| Townhouse | $136,000 | $97/sq ft | 1 | 36 days |
Source: Redfin · Updated monthly
The New Pekin housing market is currently classified as a seller's market with a median sale price of $125,000. Prices have fallen 37.5% compared to last year, with homes spending an average of 45 days on market, indicating 4.0 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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in New Pekin
There are currently 4 homes listed for sale in New Pekin, Indiana. The median listing price is $192K.
Active listings
4
Homes on market
Median list price
$192K
Avg. days on market
45
Days until sale
New this week
2
Newly listed
Who lives in New Pekin?
Population
1,377
Median income
$50,500/yr
Median age
38 years
Owner-occupied
64.0%
College grads
9.9%
Avg commute
30.6 min
Source: U.S. Census Bureau ACS
What are homes worth in New Pekin?
Zillow home value
$243,626
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in New Pekin?
New Pekin is a community of approximately 1K residents with a median age of 38 years.The median household income is $50,500, which represents a working-class community with solid middle-income opportunities. 9.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.0%, showing a blend of owner and renter-occupied properties. The average commute time is 30.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Pekin offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Pekin, IN?
Want a head-to-head view? Compare New Pekin 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 Pekin?
The median home sale price in New Pekin is $125,000, down 37.5% from last year.
How long do homes stay on market in New Pekin?
Homes typically spend 45 days on market before going under contract.
What is the median income in New Pekin?
The median household income is $50,500 per year.
Is New Pekin a buyer's or seller's market?
With 4.0 months of supply, New Pekin is currently a seller's market.
What is the Zillow home value estimate for New Pekin?
The Zillow Home Value Index (ZHVI) for New Pekin is $243,626, representing the typical home value in the area.
How much does a single-family home cost in New Pekin?
The median single-family home price in New Pekin, IN is $125,000 (about $96 per square foot).
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