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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 & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the New Market, AL housing market right now?
The median home sale price in New Market, AL is $250,000, down 5.0% year-over-year. Homes sell in an average of 174 days with 12 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Market a buyer's or seller's market?
New Market, AL is currently a balanced market, based on 2.4 months of supply and homes selling in about 174 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
174
Average pace
Active listings
12
2.4 months supply
Sale-to-list
97.8%
Below asking
What does the New Market housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $293,900 |
| Year-over-year price change | -5.0% |
| Average days on market | 174 days |
| Active inventory | 12 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 5 |
| Listings with a price cut | 41.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
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.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $170/sq ft | 5 | 174 days |
Source: Redfin · Updated monthly
The New Market housing market is currently classified as a balanced market with a median sale price of $250,000. Prices have fallen 5.0% compared to last year, with homes spending an average of 174 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Market trends
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
Who lives in New Market?
Population
1,296
Median income
$71,083/yr
Median age
37.7 years
Owner-occupied
79.9%
College grads
19.0%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in New Market?
Zillow home value
$292,034
Zillow rent index
$1,700/mo
Price-to-rent ratio
14.3x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in New Market?
New Market is a community of approximately 1K residents with a median age of 37.7 years.The median household income is $71,083, which represents a working-class community with solid middle-income opportunities. 19.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Market offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare New Market side-by-side with any other U.S. city using our market-comparison tool.
Is New Market a good real estate investment market?
For investors evaluating New Market, the price-to-rent ratio of 14.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Market's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Market's median home price.
Frequently asked questions
What is the average home price in New Market?
The median home sale price in New Market is $250,000, down 5.0% from last year.
How long do homes stay on market in New Market?
Homes typically spend 174 days on market before going under contract.
What is the median income in New Market?
The median household income is $71,083 per year.
Is New Market a buyer's or seller's market?
With 2.4 months of supply, New Market is currently a balanced market.
What is the Zillow home value estimate for New Market?
The Zillow Home Value Index (ZHVI) for New Market is $292,034, representing the typical home value in the area.
How much does a single-family home cost in New Market?
The median single-family home price in New Market, AL is $250,000 (about $170 per square foot).
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