Comprehensive market data and analysis• Updated Oct 2026
4.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 1 | 1 | 6 |
| 5-10 acres | 1 | 1 | 1 | 2 |
| 10-20 acres | - | - | 2 | 3 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 6 | 14 |
Acreage buckets
The median price for land in New Palestine, Indiana is currently $48K per acre. For a typical parcel, the median sale price is $227K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $131K while premium lots reached $437K.
New Palestine, Indiana is currently a seller's market with 4.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
New Palestine, Indiana currently has 4.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The median land price in New Palestine, Indiana stands at $227K. This translates to roughly $48K per acre for the typical parcel size. The average price is $293K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, New Palestine, Indiana saw 14 properties sold, totaling $4.1M in sales volume. In just the last 3 months, 3 properties changed hands.
The current absorption rate in New Palestine, Indiana is 25.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Ever Real Estate, LLC.
The 3-month absorption rate in New Palestine, Indiana is 25.0%. The 12-month rate is 29.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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 Palestine on LandyDandy.
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