$4,068 Closing Credit*
$342,601
2,136 SqFt
4 Beds
•3 Full Baths
Listing Office: Davidson Homes LLC 4
Is New Market, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, New Market was a Seller's Market.
Key Takeaway
New Market is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Market, AL
How much do homes in New Market, AL cost?
Median Sold Price
$314,012
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$14,012(+4.7%)
Key Takeaway
Homes in New Market have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in New Market was $314,012 in December 2024, up 4.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $120K | $165K | +37.5% |
| 3 Bedrooms | $269.4K | $268.6K | -0.3% |
| 4 Bedrooms | $316K | $357.2K | +13.0% |
| 5+ Bedrooms | $506K | $413.4K | -18.3% |
Summary: New Market housing prices by bedroom type for December 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 0.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| New Market | $300K | $314K | +4.7% |
| Hazel Green | $287K | $300.1K | +4.6% |
| Brownsboro | $612K | $609.5K | -0.4% |
| Meridianville | $345.9K | $321.4K | -7.1% |
Housing Supply in New Market, AL
How many homes are available in New Market, AL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 181 | 187 | +3.3% |
Summary: The New Market real estate market had 187 homes for sale in December 2024, a 3.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 82 | 79 | -3.7% |
| 4 Bedrooms | 78 | 87 | +11.5% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The New Market housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 31 | +47.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 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. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in New Market in December 2024, up by 47.6% month-over-month. Of the 31 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% 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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