Newburgh, IN Foreclosures
How much do homes sell for in Newburgh, IN?
The average home price is currently $363,332.
In Newburgh, IN, how many homes are available?
There are currently 65 active home listings available in Newburgh.
What’s the average rental cost in Newburgh, IN?
The average rental price in Newburgh is $1,516.
What is the most expensive home in Newburgh?
The most expensive home sold in Newburgh had a price of $16,057,400.
What is currently the cheapest priced home in Newburgh, IN?
The cheapest home for sale in Newburgh is priced at $21,376.
Living in Newburgh, IN
Newburgh, Indiana, boasts a vibrant community with stunning river views and a rich history. Residents enjoy a friendly atmosphere, excellent schools, and numerous parks, making it ideal for families. With convenient access to nearby Evansville and a variety of amenities, Newburgh is a hidden gem in southwestern Indiana.
Current Market Conditions in Newburgh, IN
The real estate market in Newburgh has shown resilience over the past few months, with a stable increase in home values and a steady demand for properties. Buyers are attracted to the area's small-town feel coupled with easy access to Evansville, which is just a short drive away. Due to the limited inventory, competitive bidding has become common, and sellers are seeing favorable offers.
In recent years, Newburgh's housing market has continued to flourish, reflecting trends of suburban expansion. Homebuyers are increasingly looking for properties that provide a safe and welcoming neighborhood, leading to rising interest in Newburgh. The town's amenities and schools are significant draws for families, driving demand for residential properties.
Home Value Estimator For Newburgh, IN
There are currently 12,249 real estate properties
in Newburgh, IN,
with a median automated valuation model (AVM) price
of $299,952.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Newburgh, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Newburgh, IN,
is $363,332.00, with the most expensive house
in Newburgh, IN, topping out
at $16,057,400.00 and the cheapest home
in Newburgh, IN,
clocking in at $21,376.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newburgh, IN!
Rent Prices
In Newburgh, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newburgh, IN, is on
a rollercoaster ride. The
average rent price in Newburgh, IN,
is $1,516.00. Indeed, when looking to rent in
Newburgh, IN, you can expect to pay as little
as $490.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Newburgh, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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