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New Albany

Why you'd want to live in New Albany

New Albany, Indiana, in Floyd county, is 4 miles NW of Louisville, Kentucky. The city benefits from easy access to the nearby cities and towns that it shares the Louisville metropolitan area with. New Albany History Three brothers from Albany, New York - Abner, Joel, and Nathaniel Scribner - visited the Falls of the Ohio in 1813. They purchased land here and named it after their hometown. John Graham platted the city of New Albany on the Scribner brother's land. New Albany was initially incorporated as a town in 1817. At that time, it was a part of Clark County. New Albany was later reincorporated as a city in 1839. Things To Do In New Albany Places of historic interest near New Albany include the Culbertson Mansion State Historic Site, the Thomas Edison House and the Locust Grove. There are a number of museums in the neighborhood too. Among these are the Filson Museum, which houses exhibits on antebellum portraiture and regional history, the Kentucky Museum of Arts and Design, the Frazier Historical Arms Museum and the J.B. Speed Art Museum. The various creeks and brooks around the city are popular tourist haunts too. One can also enjoy shopping at the New Albany Mall and the Colonial Manor Shopping Center. The Louisville Zoo and Six Flags Kentucky Kingdom are also nearby.

New Albany Market Report

$249,944

AVERAGE PRICE OF 112 HOMES

$1,750,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$267,169

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$213,900

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $249,944
Avg Bedrooms 1.17 beds
Avg Bathrooms .93 bath

Average Price by Bedrooms

1 bedroom $154,900
2 bedrooms $173,455
3 bedrooms $255,578
4 bedrooms $261,585
5 bedrooms $519,950
New Albany Home Price Trends
  2/2021 1/2021 12/2020 11/2020 10/2020
Total Listings n/a 110 116 118 124
Average Price n/a $258,178 $247,529 $236,645 $218,225
Avg Price Change n/a +4.30% +4.60% +8.44% +7.62%
Median Price n/a $137,115 $137,370 $153,196 $171,966
Med Price Change n/a -0.19% -11.52% -12.25% +3.85%
Avg Bedrooms n/a 1.43 beds 1.42 beds 1.46 beds 1.74 beds
Avg Bathrooms n/a 1.09 baths 1.12 baths 1.17 baths 1.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 112 $249,944 89 days
Multi-Million Dollar Homes 5 $1,750,000 107 days
Newly Built Homes 13 $267,169 46 days
Reduced Price Homes 1 $213,900 18 days