Mitch's Weekly Market Report

New Palestine, IN 46163

Condos/Townhomes

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

Sun Sep 20 2026
This week the median list price for New Palestine, IN 46163 is $330,000 with the market action index hovering around 32. This is less than last month's market action index of 35. 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 Seller's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

New Palestine, IN 46163

Sun Sep 20 2026
This week the median list price for New Palestine, IN 46163 is $330,000 with the market action index hovering around 32. This is less than last month's market action index of 35. 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 Seller's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the New Palestine market.
Median List Price $330,000
Median Price of New Listings $0
Per Square Foot $180
Average Days on Market 54
Median Days on Market 35
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 32
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$414,900 2,295 0 - 4,500 sqft 2 3 4 0 0 35
$330,000 1,507 4,500 - 6,500 sqft 2 2 8 0 0 14
$265,000 1,674 6,500 - 8,000 sqft 3 2 23 0 0 112
$0 0 - NaN 0 NaN 0 0 NaN