Call or Text (240) SELL-123

NEW CASTLE, IN 47362

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

Market Analysis

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

The NEW CASTLE, IN real estate market (47362) currently shows 95 active listings, with 39 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 53 days last year.

The median listing price has risen 4.6% year-over-year, from $157,450 to $164,750.

Whether you are buying or selling in NEW CASTLE, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEW CASTLE, IN 47362 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 29,377  ·  Density: 76.8/mi²  ·  Median household income: $54,252

Typical home value: $116,530  ·  Homeownership: 72.9%

Market Overview

Active Listings
95
⇧ 25% vs 76 last year
Pending
39
41% pending ratio
Median Price
$164,750
⇧ 4.6% vs $157,450 last year
Average Price
$211,425
⇧ 12.6% vs $187,800 last year
Days on Market
65
⇧ 22.6% vs 53 days last year

Price Per Square Foot

Median $/sqft
$126
⇧ 29.9% vs $97/sqft last year
Median Home Size
1,443 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 95 this year vs 76 last year
  • Days on market: 65 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $164,750 (+4.6% YoY)
  • Average: $211,425 (+12.6% 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 16.2 miles — 172 listings ($38,170,116 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47362New Castle, IN 473620.0 mi89$17,313,170$162,975$194,530
47388Sulphur Springs, IN 473886.4 mi3$664,749$224,900$221,583
47351Kennard, IN 473518.2 mi4$926,384$233,675$231,596
47386Springport, IN 473868.4 mi2$349,800$174,900$174,900
47337Dunreith, IN 473379.6 mi1$149,900$149,900$149,900
47356Middletown, IN 473569.9 mi15$3,015,315$158,200$201,021
46148Knightstown, IN 4614811.4 mi17$4,826,062$268,650$283,886
47327Cambridge City, IN 4732712.5 mi15$2,069,160$125,525$137,944
46155Mays, IN 4615513.4 mi3$472,401$153,000$157,467
46186Wilkinson, IN 4618614.7 mi2$789,850$394,925$394,925
46127Falmouth, IN 4612715.1 mi2$818,000$409,000$409,000
46017Anderson, IN 4601715.9 mi14$3,224,970$226,225$230,355
47383Selma, IN 4738316.2 mi5$3,550,355$607,400$710,071

Frequently Asked Questions

How many homes are for sale in NEW CASTLE, IN 47362?

As of March 2026, there are 95 active listings in NEW CASTLE, IN (zip code 47362), compared to 76 the prior year.

What is the median home price in NEW CASTLE, IN 47362?

The median listing price in NEW CASTLE, IN 47362 is $164,750 as of March 2026, a 4.6% increase from $157,450 the prior year.

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

Homes in NEW CASTLE, IN 47362 spend an average of 65 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in NEW CASTLE, IN 47362?

Based on current inventory and days-on-market data as of March 2026, NEW CASTLE, IN 47362 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 65 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW CASTLE, IN 47362 save an estimated $3,295 compared to a typical 5% commission on the median listing price of $164,750. 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.