Why Live in New Palestine
New Palestine, known locally as New Pal, is a small town in Indiana that combines a rural atmosphere with proximity to Indianapolis, being less than 30 minutes away. Established in 1871, this growing community features a variety of home styles, including 100-year-old historic homes, custom-built million-dollar residences, and contemporary Craftsman houses. The town's real estate market is characterized by consistent property values, with typical homes offering three to four bedrooms and two to three bathrooms. Families are drawn to New Palestine for its highly rated schools within the Southern Hancock County Community School Corporation, including Brandywine Elementary School and New Palestine Intermediate School, both of which boast high ratings. The town's high school is known for its strong athletics program and serves students from across Hancock County.
Residents enjoy outdoor activities at Sugar Creek Township Park, which features soccer fields, playgrounds, and a nine-hole disc golf course. The Pennsy Trail is another popular spot for walking and enjoying the outdoors. Community events such as the New Pal Summer Fest, Music on Depot concert series, Harvest Fest, and the annual Christmas parade foster a close-knit atmosphere. Dining options in New Palestine include the popular Barrel Racing Baristas coffee shop and the beloved Frosty Boy ice cream stand, known for its extensive menu of sweets and fast-food favorites. Despite its growth, New Palestine maintains its small-town charm and offers a low crime risk compared to the national average.
Home Trends in New Palestine, IN
On average, homes in New Palestine, IN sell after 39 days on the market compared to the national average of 50 days. The median sale price for homes in New Palestine, IN over the last 12 months is $379,950, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$379,950
Median Single Family Sale Price
$388,000
Median 2 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$167
Number of Homes for Sale
48
Last 12 months Home Sales
200
Median List Price
$399,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%