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

Fri May 08 2026
This week the median list price for New Palestine, IN 46163 is $392,000 with the market action index hovering around 29. This is less than last month's market action index of 40. Inventory has increased to 2. 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

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

Fri May 08 2026
This week the median list price for New Palestine, IN 46163 is $392,000 with the market action index hovering around 29. This is less than last month's market action index of 40. Inventory has increased to 2. 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

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 $392,000
Median Price of New Listings $425,000
Per Square Foot $175
Average Days on Market 32
Median Days on Market 32
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$425,000 2,250 0 - 4,500 sqft 3 3 2 1 0 0
$0 0 - NaN 0 NaN 0 0 NaN
$359,000 2,211 4,500 - 6,500 sqft 3 2 20 0 0 63
$0 0 - NaN 0 NaN 0 0 NaN