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NEW CASTLE, KY 40050

Real Estate Market Report  ·  Henry County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NEW CASTLE, KY real estate market (40050) currently shows 3 active listings, with 1 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 54 days on market compared to 60 days last year.

The median listing price has fallen 29.6% year-over-year, from $449,500 to $316,225.

Whether you are buying or selling in NEW CASTLE, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,877  ·  Density: 42.0/mi²  ·  Median household income: $43,571

Typical home value: $142,984  ·  Homeownership: 75.5%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
1
33% pending ratio
Median Price
$316,225
⇩ 29.6% vs $449,500 last year
Average Price
$354,225
⇩ 38.1% vs $572,167 last year
Days on Market
54
⇩ 10% vs 60 days last year

Price Per Square Foot

Median $/sqft
$249
⇧ 53.7% vs $162/sqft last year
Median Home Size
1,363 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 54 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $316,225 (-29.6% YoY)
  • Average: $354,225 (-38.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.5 miles — 234 listings ($105,184,802 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40050New Castle, KY 400500.0 mi2$899,950$449,975$449,975
40019Eminence, KY 400195.0 mi18$5,312,826$282,255$295,157
40068Smithfield, KY 400686.4 mi6$6,641,700$1,106,950$1,106,950
40055Pendleton, KY 400559.0 mi5$4,496,460$986,875$899,292
40036Lockport, KY 4003611.1 mi1$449,000$449,000$449,000
40006Bedford, KY 4000613.2 mi7$2,737,322$286,250$391,046
41098Worthville, KY 4109814.3 mi4$1,271,052$274,675$317,763
40077Westport, KY 4007714.6 mi4$764,800$219,950$191,200
47104Bethlehem, IN 4710415.6 mi1$270,000$270,000$270,000
40065Shelbyville, KY 4006516.2 mi140$61,823,860$346,250$441,599
47162New Washington, IN 4716218.4 mi2$525,900$262,950$262,950
40026Goshen, KY 4002619.1 mi16$11,555,616$627,100$722,226
40359Owenton, KY 4035919.5 mi28$8,436,316$245,000$301,297

Frequently Asked Questions

How many homes are for sale in NEW CASTLE, KY 40050?

As of March 2026, there are 3 active listings in NEW CASTLE, KY (zip code 40050), compared to 4 the prior year.

What is the median home price in NEW CASTLE, KY 40050?

The median listing price in NEW CASTLE, KY 40050 is $316,225 as of March 2026, a 29.6% decrease from $449,500 the prior year.

How long do homes stay on the market in NEW CASTLE, KY?

Homes in NEW CASTLE, KY 40050 spend an average of 54 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in NEW CASTLE, KY 40050?

Based on current inventory and days-on-market data as of March 2026, NEW CASTLE, KY 40050 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 60 days last year.

How much can I save on real estate commission in NEW CASTLE, KY?

With SELL123.com's maximum 3% commission, sellers in NEW CASTLE, KY 40050 save an estimated $6,325 compared to a typical 5% commission on the median listing price of $316,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.