Market Intelligence Report — IN-220

New Castle, IN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IN-09
As of the latest 2026 data
Cooling

Median Listing

$193K
-15.9% YoY

Pending Ratio

0.40
-23.2% YoY

Active Inventory

146
+37.9% YoY

Median DOM

56 Days
-2.2% YoY

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The New Castle market is currently categorized as Cooling, with a pending ratio of 0.40 indicating a noticeable slowdown in demand absorption relative to available supply. This comes amid a significant year-over-year contraction of 15.9% in the median listing price, suggesting downward pressure on valuations.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the New Castle market right now.

Active listings have expanded by 37.9% year-over-year, contributing to a more ample supply environment, while new listings saw a more moderate increase of 7.1% over the past year. Concurrently, the pending ratio declined by 23.2% year-over-year, reflecting reduced buyer activity relative to available inventory. Despite these trends, the median days on market saw a slight reduction of 2.2% year-over-year, alongside a 7.6% year-over-year increase in median price per square foot.

Historical Analysis

Market Trends

Median Price

$193K+1.8% MoM

Active Inventory

146+37.9% YoY

Days on Market

56-2.2% YoY

Sold Score™

47-23.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

47
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.40 and an increasing inventory of active listings, the market exhibits characteristics where purchasers may find more negotiating leverage. The elevated share of price-reduced properties, at 35.7%, suggests that price discipline from sellers may be waning, influencing the pace of transactions. This dynamic creates an environment where inventory absorption is slower, potentially extending transaction timelines.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

146 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
35.7%

of active listings carry a price reduction, +10.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +7.6% year-over-year.

Absorption
0.40

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in New Castle, IN? Inventory is up 38% from last year.

Buyers have leverage in New Castle, IN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
40%
Median Days on Market
56 days
Inventory YoY
+38%

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Metro Demographics

Metro Area
New Castle, IN
CBSA Code
35220
State
IN