$3,086 Closing Credit*
$259,900
1,248 SqFt
4 Beds
•2 Full Baths
Listing Office: ReMax Between the Lakes
Is New Market, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Market has remained a Seller's Market.
Key Takeaway
New Market is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Market, TN
How much do homes in New Market, TN cost?
Median Sold Price
$400,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,000(+35.6%)
Key Takeaway
Homes in New Market have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in New Market was $400,000 in October 2024, up 35.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158.5K | $245K | +54.6% |
| 3 Bedrooms | $320K | $400K | +25.0% |
| 4 Bedrooms | $405.5K | $485K | +19.6% |
| 5+ Bedrooms | $915K | - | N/A |
Summary: New Market housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Market | $295K | $400K | +35.6% |
| Jefferson City | $298.5K | $310.5K | +4.0% |
Housing Supply in New Market, TN
How many homes are available in New Market, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The New Market real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Market housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Market, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in New Market in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for New Market, TN
How long does it take to sell a home in New Market, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 73 Days | +945.2% |
Summary: Homes in New Market had an average of 73 days on market in Oct 2024, up by 945.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Market has remained consistent over time.
Summary: During October 2024, 6 homes were sold in New Market; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.