Market Intelligence Report — IN-220

New Castle, IN

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

Ref. No: 2026-IN-08
As of the latest 2026 data
Cooling

Median Listing

$190K
-15.6% YoY

Pending Ratio

0.39
-27.1% YoY

Active Inventory

149
+40.6% YoY

Median DOM

49 Days
-14.2% YoY

Primary Intelligence Tool — Sold Score™

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The New Castle market is currently exhibiting cooling characteristics, primarily driven by a pending ratio of 0.39, indicating that demand absorption is moderate relative to available supply. This environment is further influenced by a significant year-over-year increase in active listings by 40.6%.

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 substantially over the past year, increasing by 40.6%, while new listings also rose by 6.7% during the same period. The median listing price declined by 1.0% month-over-month and 15.6% year-over-year. Correspondingly, the pending ratio experienced a year-over-year decline of 27.1%, signaling a reduction in demand velocity. Despite these trends, median days on market decreased by 14.2% over the past year, and median price per square foot increased by 13.0% year-over-year.

Historical Analysis

Market Trends

Median Price

$190K-1.0% MoM

Active Inventory

149+40.6% YoY

Days on Market

49-14.2% YoY

Sold Score™

40-27.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

40
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 notable increase in active listings and a pending ratio of 0.39, the market demonstrates increasing supply pressure, allowing for greater price discipline among prospective purchasers. The declining median listing price suggests a shift in negotiating leverage. The sustained median days on market, despite an increase in available inventory, indicates demand is not absent, but the pace of transactions may be slowing.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

149 active listings represent the current floor, with new supply arriving at roughly 64 per month.

Pricing Pressure
32.7%

of active listings carry a price reduction, +6.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +13.0% year-over-year.

Absorption
0.39

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in New Castle, IN? Homes here are taking 8 days less to sell than 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
39%
Median Days on Market
49 days
Inventory YoY
+41%

In a buyer's market, strategy beats timing. See how your home scores in New Castle, IN and what moves the number.

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Metro Demographics

Metro Area
New Castle, IN
CBSA Code
35220
State
IN