The New Albany housing market is very competitive. Homes in New Albany receive 2 offers on average and sell in around 22 days. The median sale price of a home in New Albany was $225K last month, up 12.5% since last year. The median sale price per square foot in New Albany is $133, down 0.37% since last year.
What is the housing market like in New Albany today?
In March 2024, New Albany home prices were up 12.5% compared to last year, selling for a median price of $225K. On average, homes in New Albany sell after 22 days on the market compared to 19 days last year. There were 34 homes sold in March this year, down from 62 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$224,950
+12.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
New Albany, IN
$224,950
+12.5%
United States
To compare other locations to the New Albany and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Albany add value to a home.
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How hot is the New Albany housing market?
New Albany is very competitive. Homes sell in 11 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 11 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for New Albany
Explore recent offers and recently sold homes in New Albany
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Portland Elementary School
Public • K-5
269
Students
N/A
6/10
Fairmont Elementary School
Public • K-4
339
Students
7 reviews
5/10
Mount Tabor School
Public • K-4
641
Students
3 reviews
4/10
Nathaniel Scribner Middle School
Public • 5-8
967
Students
6 reviews
4/10
Slate Run Elementary School
Public • K-4
295
Students
7 reviews
Only showing 5 of
10 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on New Albany housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in New Albany.
Risk Factor
Flood Factor - Severe
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
New Albany has a severe risk of flooding. 2,563 properties in New Albany are likely to be
severely affected
by flooding over the next 30 years. This represents 21% of all properties in New Albany. Flood risk is increasing slower than the national average.
12% of properties are at risk of wildfire over the next 30 years
Fire Factor
New Albany has a moderate risk of wildfire. There are 2,207 properties in New Albany that have some risk of being affected by wildfire over the next 30 years. This represents 12% of all properties in New Albany.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
New Albany has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. New Albany is most at risk from hurricanes. 18,300 properties in New Albany have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 51 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.