Comprehensive market data and analysis• Updated Oct 2026
84.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 2 | 5 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 11 |
Acreage buckets
The median price for land in New Castle, Indiana is currently $18K per acre. For a typical parcel, the median sale price is $93K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $17K while premium lots reached $265K.
New Castle, Indiana is currently a strong buyer's market with 84.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Castle, Indiana currently has 84.0 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 78 days of listing. The median time on market is 47 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in New Castle, Indiana is 1.2% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX First Integrity.
There are currently 28 active listings in New Castle, Indiana. 9 new listings have hit the market in the last 90 days. The median asking price is $67K.
Land in New Castle, Indiana averages $67K per acre. The median price per acre is $18K, which may be more representative of typical transactions. Most parcels sold are around 5.8 acres.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in New Castle on LandyDandy.
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