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Featured local agent — New Market, AL
Sarah Mitchell
Compass Real Estate · New Market, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Market, AL Housing Market
The typical home in New Market, AL is worth $291,259, fell 0.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $250,000, -5.0% year over year (through May 2026). With 2.4 months of supply and homes going under contract in about 174 days, New Market is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $291,259 home is about $1,497/mo in principal and interest.
Key numbers for New Market, AL
Typical home value
$291,259
-0.8% in 12 months
Zillow, July 2026
Typical asking rent
$1,814/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$250,000
-5.0% year over year
Redfin, through May 2026
Days on market
174
Slow-moving
Redfin, through May 2026
Active listings
12
2.4 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$71,083
Home costs 4.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.8%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New Market a buyer's or seller's market?
New Market, AL is a balanced market, based on 2.4 months of supply and homes selling in about 174 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Market housing market data show?
Every row below is Redfin's final published month for New Market, AL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $293,900 |
| Year-over-year price change | -5.0% |
| Median price per sq ft | $170/sq ft |
| Median days on market | 174 days |
| Active inventory | 12 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 97.8% |
| Homes sold (that month) | 5 |
| New listings (that month) | 5 |
| Listings with a price cut | 41.7% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New Market is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Market is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New Market home prices moved?
Over the last three years the median sale price in New Market, AL fell 16.7%, from $299,995 to $250,000. The live Zillow value series has fell 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 41.7% of New Market listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.4 months while the sale-to-list ratio slips below its current 97.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New Market?
Priced off the typical home value of $291,259 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $58,252 | $233,008 | $1,497/mo |
| 5% | $14,563 | $276,696 | $1,778/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,497, that implies roughly $64,173 a year before you add taxes and insurance. The median household in New Market earns $71,083, about $6,910 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.1x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Market in the next 12 months?
Tell us your timeline. We send the New Market market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New Market?
Typical asking rent in New Market, AL is $1,814/mo, against a typical home value of $291,259. That is a price-to-rent ratio of 13.4x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,497 a month — $317 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in New Market?
Active listings in New Market, AL went from 16 in March 2025 to 12 in May 2026, a -25.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 15 | 1 |
| May 2025 | 12 | 4 |
| June 2025 | 13 | 8 |
| July 2025 | 13 | 3 |
| September 2025 | 17 | 8 |
| October 2025 | 14 | 1 |
| November 2025 | 12 | 1 |
| December 2025 | 11 | 1 |
| January 2026 | 10 | not published |
| March 2026 | 10 | 2 |
| April 2026 | 10 | 5 |
| May 2026 | 12 | 5 |
Redfin, through May 2026
How does New Market compare to Alabama and the U.S.?
New Market homes sell for $250,000 — 20% below the Alabama median of $312,600. Against the national median of $410,700, New Market runs 39% lower. Year-over-year, New Market moved -5.0% against Alabama's +7.2% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Market, AL | $250,000 | -5.0% | 174 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Market
What buyers should watch
- Months of supply, currently 2.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 41.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $281 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $291,259 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New Market listing goes under contract in 174 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month New Market added 5 new listings against 5 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside New Market varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Market
There are currently 12 homes listed for sale in New Market, Alabama. The median listing price is $294K.
Active listings
12
Homes on market
Median list price
$294K
Avg. days on market
174
Days until sale
New this week
5
Newly listed
How much do homes cost in New Market by property type?
How the New Market, AL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $170/sq ft | 5 | 174 days |
Who lives in New Market?
American Community Survey estimates for New Market. U.S. Census ACS, 2023
Population
1,296
Households
553
Median income
$71,083/yr
Median age
37.7 years
Owner-occupied
79.9%
Median home value
$113,400
Median gross rent
$967/mo
Mean commute
28.4 min
79.9% of occupied homes in New Market are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $113,400 against Zillow's $291,259 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $967/mo, below Zillow's $1,814/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve New Market?
5 schools tracked · 3,327 students
The largest public schools serving New Market, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Buckhorn High School
Grades 9-12 · 1,295 students
Buckhorn Middle School
Grades 7-8 · 708 students
Moores Mill Intermediate School
Grades 3-5 · 621 students
New Market School
Grades PK-6 · 428 students
Walnut Grove School
Grades PK-6 · 275 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Market, AL?
Ordered by distance from New Market, not by size. Compare New Market side by side with any of them.
New Market housing market FAQ
Is New Market a buyer's or seller's market?
New Market, AL is currently a balanced market. That read comes from 2.4 months of supply, homes going under contract in about 174 days, and sellers getting 97.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in New Market?
The typical home in New Market, AL is worth $291,259 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $250,000, about $170 per square foot.
Is New Market cheaper than the rest of Alabama?
New Market's median sale price of $250,000 is 20% lower than the Alabama statewide median of $312,600, and 39% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Market?
Homes in New Market, AL spent a median of 174 days on market before going under contract, versus 57 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in New Market?
At the current 30-year fixed rate of 6.66%, 20% down on a $291,259 home is about $1,497 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $64,173 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $71,083.
Are home prices rising in New Market?
The typical home value in New Market, AL fell 0.8% over the last 12 months, from $293,571 to $291,259 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in New Market?
New Market ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New Market?
That depends on your timeline, not on a headline. What the data says today: New Market, AL is a balanced market with 2.4 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 13.4x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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