Mitch's Weekly Market Report

New Palestine, IN 46163

Single-Family Homes

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


New Palestine, IN 46163

Tue Jun 23 2026
This week the median list price for New Palestine, IN 46163 is $414,900 with the market action index hovering around 44. This is less than last month's market action index of 51. Inventory has increased to 39. 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 Buyers market, this price trend may be a result of improved quality 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

Tue Jun 23 2026
This week the median list price for New Palestine, IN 46163 is $414,900 with the market action index hovering around 44. This is less than last month's market action index of 51. Inventory has increased to 39. 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 Buyers market, this price trend may be a result of improved quality 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 $414,900
Median Price of New Listings $354,500
Per Square Foot $166
Average Days on Market 57
Median Days on Market 35
Price Decreased 62%
Price Increased 0%
Relisted 3%
Inventory 39
Median Rent
Market Action 44
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$551,950 3,461 0.5 - 1 acre 4 3 24 0 0 31
$444,450 3,068 0.25 - 0.5 acre 5 3.3 4 0 0 31
$399,900 2,498 0.25 - 0.5 acre 4 3 4 0 0 42
$354,500 1,801 0.5 - 1 acre 3 2 5 1 1 70