$3,591 Closing Credit*
$302,404
1,820 SqFt
4 Beds
•2 Full Baths
Listing Office: Adams Homes LLC
Is New Market, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Market was a Neutral Market.
Key Takeaway
New Market is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Market, AL
How much do homes in New Market, AL cost?
Median Sold Price
$310,831
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,831(+3.6%)
Key Takeaway
Homes in New Market have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in New Market was $310,831 in November 2024, up 3.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $120K | $140K | +16.7% |
| 3 Bedrooms | $269.9K | $268.1K | -0.7% |
| 4 Bedrooms | $315.3K | $350K | +11.0% |
| 5+ Bedrooms | $510K | $415.3K | -18.6% |
Summary: New Market housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Hazel Green | $285.5K | $300.1K | +5.1% |
| New Market | $300K | $310.8K | +3.6% |
| Brownsboro | $619K | $616.9K | -0.3% |
| Meridianville | $343.7K | $328K | -4.6% |
Housing Supply in New Market, AL
How many homes are available in New Market, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 211 | 196 | -7.1% |
Summary: The New Market real estate market had 196 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 90 | 87 | -3.3% |
| 4 Bedrooms | 92 | 86 | -6.5% |
| 5+ Bedrooms | 24 | 19 | -20.8% |
Summary: The New Market housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 20.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 20 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Market, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in New Market in November 2024, down by 50.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 50% were sold at asking, and 15% were sold over asking.
Days on Market for New Market, AL
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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