Is New Washington, IN 47162 a buyer’s or seller’s market?
New Washington is a seller’s market. With about 2.1 months of supply and 0% 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.
The New Washington housing market right now
In the three months ending August 31, 2026, 0% of homes in New Washington, IN 47162 sold above their list price, the typical home went under contract in 34 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (47 days then) and the median sale price rose 17% to $209,909. Overall, New Washington is more competitive than a year ago, so tougher for buyers.
Within Clark County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Charlestown 47111 (21% sold over asking) and Sellersburg 47172 (18% sold over asking) are even more competitive.
Run the numbers for 47162
Nearby markets
Bethlehem 47104 — /sq ftBorden 47106Seller’s market $168 /sq ftCharlestown 47111Seller’s market $180 /sq ftClarksville 47129Seller’s market $139 /sq ft Browse all markets →Where New Washington is
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Questions about New Washington real estate
Is New Washington a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in New Washington, IN 47162 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 Washington?
The typical home went under contract in 34 days in the latest three months.
Do homes in New Washington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in New Washington?
About 0.77% of a home’s value a year in Clark County, or roughly $3,080 on a $400,000 home.
What is the median home price in New Washington?
The median sale price was $209,909 in the three months ending August 31, 2026, about $156 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