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NEW SALISBURY, IN 47161

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW SALISBURY, IN real estate market (47161) currently shows 27 active listings, with 5 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 58 days last year.

The median listing price has fallen 7.6% year-over-year, from $295,900 to $273,400.

Whether you are buying or selling in NEW SALISBURY, IN, 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: 3,368  ·  Density: 57.8/mi²  ·  Median household income: $80,417

Typical home value: $178,461  ·  Homeownership: 87.1%

Market Overview

Active Listings
27
⇧ 285.7% vs 7 last year
Pending
5
19% pending ratio
Median Price
$273,400
⇩ 7.6% vs $295,900 last year
Average Price
$301,483
⇩ 9% vs $331,214 last year
Days on Market
70
⇧ 20.7% vs 58 days last year

Price Per Square Foot

Median $/sqft
$187
⇧ 12% vs $167/sqft last year
Median Home Size
1,294 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 7 last year
  • Days on market: 70 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $273,400 (-7.6% YoY)
  • Average: $301,483 (-9% 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 18.4 miles — 728 listings ($193,357,530 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47161New Salisbury, IN 471610.0 mi26$7,600,554$272,225$292,329
47166Ramsey, IN 471663.7 mi3$734,700$244,900$244,900
47124Greenville, IN 471246.1 mi7$2,222,150$317,450$317,450
47122Georgetown, IN 471226.7 mi46$19,060,974$380,919$414,369
47136Lanesville, IN 471369.8 mi37$14,984,408$444,288$404,984
47119Floyds Knobs, IN 4711912.4 mi36$17,690,148$490,450$491,393
47150New Albany, IN 4715014.1 mi193$53,637,402$249,900$277,914
47125Hardinsburg, IN 4712514.7 mi7$1,775,480$231,900$253,640
40211Louisville, KY 4021116.5 mi86$12,444,286$138,625$144,701
47110Central, IN 4711016.7 mi1$175,000$175,000$175,000
40216Louisville, KY 4021617.2 mi143$35,006,829$239,300$244,803
40258Louisville, KY 4025817.6 mi81$20,001,249$233,825$246,929
40210Louisville, KY 4021018.4 mi62$8,024,350$133,250$129,425

Frequently Asked Questions

How many homes are for sale in NEW SALISBURY, IN 47161?

As of March 2026, there are 27 active listings in NEW SALISBURY, IN (zip code 47161), compared to 7 the prior year.

What is the median home price in NEW SALISBURY, IN 47161?

The median listing price in NEW SALISBURY, IN 47161 is $273,400 as of March 2026, a 7.6% decrease from $295,900 the prior year.

How long do homes stay on the market in NEW SALISBURY, IN?

Homes in NEW SALISBURY, IN 47161 spend an average of 70 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in NEW SALISBURY, IN 47161?

Based on current inventory and days-on-market data as of March 2026, NEW SALISBURY, IN 47161 is currently a Buyer's Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 58 days last year.

How much can I save on real estate commission in NEW SALISBURY, IN?

With SELL123.com's maximum 3% commission, sellers in NEW SALISBURY, IN 47161 save an estimated $5,468 compared to a typical 5% commission on the median listing price of $273,400. 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.