New Palestine, IN Home Values & Market Trends
Real estate market trends reflect that there have been 511 transactions over the past year in New Palestine. The median value for residential home transactions that occurred over the previous year is $351,989.03. The number of current listings in New Palestine is 5, and the percentage of properties for sale in the city is 5.00%. New Palestine, IN currently has 7 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 5 properties for sale.
New Palestine, IN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 46163 | $ 344,500 $ 133/sqft |
Housing Market Summary for New Palestine, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $424.9K | $340.1K | -19.96% |
| Median Sold Price | $317.5K | $340.1K | 7.12% |
| Homes For Sale | 3 | 6 | 100.00% |
| Homes Sold | 101 | 113 | 11.88% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Palestine, IN
Browse Homes in New Palestine, IN
New Palestine home values range from $23,419 to $27,111,558. The median estimated value of a home in New Palestine is $351,989.03. The median list price of a home is 340,000, and the total count of properties in the city is 5,369.
- Pre-ForeclosurePre-foreclosure homes account for 0.11% of all residential properties in New Palestine, IN with 46163 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Palestine, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $367,250 in 46163 to the lowest home value of $213,642 in 46163.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Palestine, IN ranges from the highest value of $182,000 in 46163 to the lowest value of $182,000 in 46163. Bank owned homes and properties account for 0.02% of properties in New Palestine, IN. There is 1 zips within New Palestine, IN; 46163 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of New Palestine, IN. Auction homes and other auction properties account for 0% of all properties in New Palestine, IN. There is 1 zips within New Palestine, IN; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for New Palestine, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
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