Is New Albany, IN 47150 a buyer’s or seller’s market?
New Albany is a seller’s market. With about 2.8 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 39% of U.S. ZIP codes, and #227 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New Albany housing market right now
In the three months ending August 31, 2026, 14% of homes in New Albany, IN 47150 sold above their list price, the typical home went under contract in 60 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 196 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (49 days then) and the median sale price rose 9% to $259,888. Overall, New Albany is less competitive than a year ago, which gives buyers more room.
On our competition score, New Albany ranks #227 of 306 IN ZIP codes with enough sales (score 40 out of 100).
Nearby, Floyds Knobs 47119 (20% sold over asking) and Greenville 47124 (16% sold over asking) are even more competitive.
Run the numbers for 47150
Nearby markets
Floyds Knobs 47119Balanced $167 /sq ftGeorgetown 47122Seller’s market $164 /sq ftGreenville 47124Seller’s market $173 /sq ft Browse all markets →Towns like New Albany nearby
Find towns like New Albany in other states →Where New Albany is
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Questions about New Albany real estate
Is New Albany a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in New Albany, IN 47150 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Albany?
The typical home went under contract in 60 days in the latest three months.
Do homes in New Albany sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in New Albany?
About 0.69% of a home’s value a year in Floyd County, or roughly $2,760 on a $400,000 home.
What is the median home price in New Albany?
The median sale price was $259,888 in the three months ending August 31, 2026, about $152 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology