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Southern Indiana · ZIP 47150

New Albany, Indiana home prices and market data

New Albany, Indiana seen from the Ohio River
New Albany from the Ohio River. Photo by Mikehallna, CC BY-SA 4.0.

What are homes selling for in New Albany?

The median sale price in New Albany is $251,625, +7.1% year over year.

Median sale price
$251,625

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Year-over-year change
+7.1%

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Average days to contract
39 days

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Months of inventory
3.09

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Sold-to-list price
98.0%

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Active listings
177

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Homes sold, last 12 months
687

Source: SIRA MLS, closed Residential/Farm, trailing 12 months

Live listings below are the New Albany homes GLAR carries; most Indiana homes list in the Southern Indiana MLS. Treat them as a sample, not the market. Call or text 859.684.9995 for the rest.

What is for sale in New Albany right now?

See all homes for sale in 47150

Who lives in New Albany?

New Albany has a population of 49,144, a median age of 40.1, and a median household income of $62,820.

Population
49,144
Median age
40.1
Median household income
$62,820

Source: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates, ZIP Code Tabulation Area.

How long does it take to sell a home in New Albany?

Homes in New Albany go under contract in an average of 39 days. Going under contract is only half the timeline; figure roughly 10 weeks in New Albany from listing to keys.

That is an average, so a handful of homes that sat for months pulls it upward. Most homes in New Albany go under contract faster than that figure suggests.

Across every price range on both sides of the river, closing takes about another month after the contract is signed — that interval is set by lender underwriting and title work, not by the neighborhood.

Are sellers getting their asking price in New Albany?

Homes in New Albany sell at 98.0% of list price.

Should I sell my home in New Albany now?

Yes — conditions in New Albany currently favor sellers. Homes in New Albany are selling at 98.0% of list price in an average of 39 days, with 3.09 months of inventory — under the six-month line that separates a seller's market from a buyer's. Call 859.684.9995 and Alexandria will price your home against what has actually closed nearby, not a website estimate.

Is now a good time to buy in New Albany?

Buyers have little leverage in New Albany right now — inventory is tight. New Albany has 3.09 months of inventory, with 177 active listings and 687 homes sold in the last twelve months.

Call 859.684.9995 and Alexandria will walk through what those numbers mean for your specific price range and timeline.

Where exactly is New Albany?

New Albany is the seat of Floyd County, Indiana, on the Ohio River about ten minutes from downtown Louisville by way of the Sherman Minton Bridge.

New Albany is the seat of Floyd County, on the Ohio River, connected to Louisville by the Sherman Minton Bridge carrying Interstate 64. The historic core runs up from the river through the Main Street blocks, where the Mansion Row Historic District preserves the 19th-century houses built when New Albany was a shipbuilding town. Indiana University Southeast sits on the northern edge of the city. ZIP 47150 reaches well past the city limits into the surrounding county.

What is New Albany actually like?

New Albany closed 687 sales in the last twelve months at a median of $251,625, up 7.1% — the strongest year-over-year move of the three river towns, and the second-lowest median price on the Indiana side. Homes went under contract in an average of 39 days at 98.0% of asking, with 177 active listings and 3.09 months of inventory.

What separates New Albany from Jeffersonville and Clarksville is that it has a real downtown of its own rather than a commercial strip, and a university inside the city limits. The housing stock follows: 19th-century brick in the Mansion Row blocks, mid-century as you move out, new construction at the county edges.

What schools serve New Albany?

New Albany is served by the New Albany-Floyd County Consolidated School Corporation, which covers the whole of Floyd County. Indiana school assignment is set by the district and should be confirmed with the district directly before it is relied on for a purchase decision.

Want listings in New Albany before they hit the public sites?

Tell me your price range and what you need and I will email you new matches in New Albany first.

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About this listing data

Greater Louisville Association of REALTORS® MLS

Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed.

Data last updated .

Listings are shown courtesy of the listing brokerage named on each listing. Alexandria Grayson is a REALTOR® with RE/MAX Five Star Properties.