Mitch's Weekly Market Report

New Palestine, IN 46163

Condos/Townhomes

ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673


Current active inventory in New Palestine, IN 46163 is very low. Keep this in mind when looking at this report.

New Palestine, IN 46163

Mon Jun 16 2025
This week the median list price for New Palestine, IN 46163 is $399,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 3. Click here to stay informed with the New Palestine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

New Palestine, IN 46163

Mon Jun 16 2025
This week the median list price for New Palestine, IN 46163 is $399,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 3. Click here to stay informed with the New Palestine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the New Palestine market.
Median List Price $399,000
Median Price of New Listings $0
Per Square Foot $178
Average Days on Market 252
Median Days on Market 266
Price Decreased 0%
Price Increased 0%
Relisted 33%
Inventory 3
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$434,900 2,786 - 2 3 1 0 0 392
$399,000 2,231 - 2 3 3 0 0 98
$320,000 1,589 4,500 - 6,500 sqft 3 2 19 0 0 266
$0 0 - NaN 0 NaN 0 0 NaN