Is New Castle, IN 47362 a buyer’s or seller’s market?

The New Castle housing market right now

In the three months ending August 31, 2026, 22% of homes in New Castle, IN 47362 sold above their list price, the typical home went under contract in 17 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 85 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold more slowly (9 days then) and the median sale price rose 20% to $169,827. Overall, New Castle is about as competitive as it was a year ago.

Within Henry County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 78%. On our competition score, New Castle ranks #183 of 306 IN ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Straughn 47387 (0% sold over asking) or Spiceland 47385 (0% sold over asking), while Springport 47386 (50% sold over asking) and Kennard 47351 (33% sold over asking) are even more competitive.