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NEW CASTLE, IN 47362

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

Market Analysis

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

The NEW CASTLE, IN real estate market (47362) currently shows 89 active listings, with 33 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 82 days last year.

The median listing price has risen 3.8% year-over-year, from $156,950 to $162,975.

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.

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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
89
⇧ 30.9% vs 68 last year
Pending
33
37% pending ratio
Median Price
$162,975
⇧ 3.8% vs $156,950 last year
Average Price
$194,530
⇧ 1.4% vs $191,853 last year
Days on Market
88
⇧ 7.3% vs 82 days last year

Price Per Square Foot

Median $/sqft
$118
⇧ 24.2% vs $95/sqft last year
Median Home Size
1,448 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 68 last year
  • Days on market: 88 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $162,975 (+3.8% YoY)
  • Average: $194,530 (+1.4% 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 — 186 listings ($43,033,534 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47362New Castle, IN 473620.0 mi99$20,201,247$174,950$204,053
47388Sulphur Springs, IN 473886.4 mi2$459,800$229,900$229,900
47385Spiceland, IN 473858.1 mi3$397,350$132,450$132,450
47360Mooreland, IN 473608.2 mi3$307,500$102,500$102,500
47352Lewisville, IN 473529.4 mi3$410,799$125,000$136,933
47356Middletown, IN 473569.9 mi14$3,365,138$222,450$240,367
46148Knightstown, IN 4614811.4 mi15$4,598,100$332,400$306,540
47327Cambridge City, IN 4732712.5 mi13$1,609,985$119,900$123,845
46155Mays, IN 4615513.4 mi2$334,400$167,200$167,200
46186Wilkinson, IN 4618614.7 mi3$1,109,850$369,950$369,950
46127Falmouth, IN 4612715.1 mi2$818,000$409,000$409,000
46017Anderson, IN 4601715.9 mi15$3,379,965$225,000$225,331
47383Selma, IN 4738316.2 mi12$6,041,400$302,000$503,450

Frequently Asked Questions

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

As of February 2026, there are 89 active listings in NEW CASTLE, IN (zip code 47362), compared to 68 the prior year.

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

The median listing price in NEW CASTLE, IN 47362 is $162,975 as of February 2026, a 3.8% increase from $156,950 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 88 days on the market before going under contract, compared to 82 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 February 2026, NEW CASTLE, IN 47362 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 82 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 $3,260 compared to a typical 5% commission on the median listing price of $162,975. 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.