$4,122 Closing Credit*
$347,155
2,137 SqFt
4 Beds
•3 Full Baths
Listing Office: Vc Realty 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 September 2023
At the same time last year, New Market was a Seller's 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
$309,511
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,511(+3.2%)
Key Takeaway
Homes in New Market have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in New Market was $309,511 in September 2024, up 3.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $120K | $165K | +37.5% |
| 3 Bedrooms | $274.8K | $262.7K | -4.4% |
| 4 Bedrooms | $315.5K | $340K | +7.8% |
| 5+ Bedrooms | $615K | $418.1K | -32.0% |
Summary: New Market housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Cities
| Brownsboro | $599.9K | $622.5K | +3.8% |
| New Market | $300K | $309.5K | +3.2% |
| Hazel Green | $295.4K | $300K | +1.6% |
| Meridianville | $352.4K | $328.2K | -6.9% |
Housing Supply in New Market, AL
How many homes are available in New Market, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 185 | 201 | +8.6% |
Summary: The New Market real estate market had 201 homes for sale in September 2024, a 8.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 74 | 84 | +13.5% |
| 4 Bedrooms | 87 | 90 | +3.4% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The New Market housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Market, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in New Market in September 2024, down by 16.7% month-over-month. Of the 25 sold homes, 36% were sold under asking, 36% were sold at asking, and 28% 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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