Comprehensive market data and analysis• Updated Dec 2025
33.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 9 |
Acreage buckets
The median price for land in New Palestine, Indiana is currently $69K per acre. For a typical parcel, the median sale price is $140K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $47K while premium lots reached $341K.
New Palestine, Indiana is currently a strong buyer's market with 33.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Palestine, Indiana currently has 33.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in New Palestine, Indiana stands at $140K. This translates to roughly $69K per acre for the typical parcel size. The average price is $175K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, New Palestine, Indiana saw 9 properties sold, totaling $1.6M in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in New Palestine, Indiana is 3.0% (3-month basis), indicating slow demand. The top-performing broker in this market is Carpenter, REALTORS®.
The 3-month absorption rate in New Palestine, Indiana is 3.0%. The 12-month rate is 6.8%. 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. 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.
