Comprehensive market data and analysis• Updated Dec 2025
20.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 6 | 8 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 1 | 1 | 2 | 3 |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 4 | 11 | 15 |
Acreage buckets
The median price for land in New Castle, Indiana is currently $13K per acre. For a typical parcel, the median sale price is $40K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $5K while premium lots reached $180K.
New Castle, Indiana is currently a strong buyer's market with 20.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 560.0% year-over-year.
New Castle, Indiana currently has 20.2 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in New Castle, Indiana typically sells within 199 days of listing. The median time on market is 111 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in New Castle, Indiana is 4.9% (3-month basis), indicating slow demand. With appreciating values (+560.0% YoY), the market shows growth potential. The top-performing broker in this market is RE/MAX First Integrity.
There are currently 27 active listings in New Castle, Indiana. 4 new listings have hit the market in the last 90 days. The median asking price is $94K.
Land in New Castle, Indiana averages $26K per acre. The median price per acre is $13K, which may be more representative of typical transactions. Most parcels sold are around 35,719 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
