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Featured local agent — New Market, TN
Sarah Mitchell
Compass Real Estate · New Market, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Market, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$334,000median sale price
How is the New Market, TN housing market right now?
The median home sale price in New Market, TN is $334,000, up 50.1% year-over-year. Homes sell in an average of 9 days with 3 active listings. The market is currently a seller's 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, TN is currently a seller's market, based on 3.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
9
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
98.3%
Below asking
What does the New Market housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $334,000 |
| Median list price | $149,900 |
| Year-over-year price change | +50.1% |
| Average days on market | 9 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $181/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Market by property type?
How the New Market, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $334,000 | $181/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The New Market housing market is currently classified as a seller's market with a median sale price of $334,000. Prices have risen 50.1% compared to last year, with homes spending an average of 9 days on market, indicating 3.0 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in New Market
There are currently 3 homes listed for sale in New Market, Tennessee. The median listing price is $150K.
Active listings
3
Homes on market
Median list price
$150K
Avg. days on market
9
Days until sale
New this week
1
Newly listed
Who lives in New Market?
Population
1,789
Median income
$70,913/yr
Median age
41.8 years
Owner-occupied
74.6%
College grads
25.5%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What are homes worth in New Market?
Zillow home value
$324,232
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in New Market?
New Market is a community of approximately 2K residents with a median age of 41.8 years.The median household income is $70,913, which represents a working-class community with solid middle-income opportunities. 25.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.3 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?
1 schools tracked · 295 students
The largest public schools serving New Market, TN 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.
New Market Elementary
Grades PK-5 · 295 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, TN?
Want a head-to-head view? Compare New Market side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Market?
The median home sale price in New Market is $334,000, up 50.1% from last year.
How long do homes stay on market in New Market?
Homes typically spend 9 days on market before going under contract.
What is the median income in New Market?
The median household income is $70,913 per year.
Is New Market a buyer's or seller's market?
With 3.0 months of supply, New Market is currently a seller's market.
What is the Zillow home value estimate for New Market?
The Zillow Home Value Index (ZHVI) for New Market is $324,232, 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, TN is $334,000 (about $181 per square foot).
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