New Castle, IN metro area Housing Market
Cool MarketComprehensive housing market data for the New Castle, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$175K
↓ 3.8% YoY
Days on Market
45 days
↑ 21.6% YoY
Active Inventory
103
↑ 18.4% YoY
Homes Sold
41
↑ 7.9% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
New Castle, IN metro area Market Summary
The New Castle, IN metro area housing market is cooling down. As of January 2026, the median home sale price is $175K, down 3.8% year-over-year. Homes are spending a median of 45 days on the market, 21.6% longer than a year ago.
There are 103 homes for sale — 18.4% more than last year. With 2.5 months of supply, this is a seller's market. 32 new listings were added during this period, up 14.3% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 17.1% of homes sell above their asking price. 40.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
75
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 59% below the national median, which could indicate stronger cash flow potential.
New Castle, IN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$169K
Price per Sq Ft
$115
Sale-to-List Ratio
96.0%
Months of Supply
2.5
Sold Above List
17.1%
Price Drops
40.8%
New Listings
32
↑ 14.3% YoY
Pending Sales
42
Off Market in 2 Weeks
19.1%
Other Markets in Indiana
Indianapolis, IN metro area
$300K · 53d on market
Gary, IN metro area
$280K · 57d on market
Fort Wayne, IN metro area
$245K · 45d on market
Evansville, IN metro area
$215K · 32d on market
South Bend, IN metro area
$218K · 50d on market
Terre Haute, IN metro area
$161K · 48d on market
Lafayette, IN metro area
$257K · 48d on market
Elkhart, IN metro area
$223K · 47d on market
Analyze a deal in New Castle, IN metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.