$2,244 Closing Credit*
$189,000
672 SqFt
2 Beds
•1 Full Bath
Diana M Crisman, Listing Office: Johnston and Rhodes Real Estate
Is New Market, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Market was a Neutral 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, VA
How much do homes in New Market, VA cost?
Median Sold Price
$315,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.3%)
Key Takeaway
Homes in New Market have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in New Market was $315,000 in October 2024, up 3.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $227.5K | $247K | +8.6% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $394.9K | $336.5K | -14.8% |
| 5+ Bedrooms | $380K | $662K | +74.2% |
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 8.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 74.2%.
Housing Supply in New Market, VA
How many homes are available in New Market, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The New Market real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to 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 | 13 | 14 | +7.7% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
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 increased by 7.7%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in New Market in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for New Market, VA
How long does it take to sell a home in New Market, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -35.2% |
Summary: Homes in New Market had an average of 18 days on market in Oct 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Market are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in New Market; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
