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Featured local agent — New Home, TX
Sarah Mitchell
Compass Real Estate · New Home, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Home, TX Housing Market
The last median sale price Redfin published was $720,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 126 days, New Home is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $720,000 home is about $3,844/mo in principal and interest.
Key numbers for New Home, TX
Median sale price
$720,000
Last published period
Redfin, through March 2026
Days on market
126
Slow-moving
Redfin, through March 2026
Active listings
4
4.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$56,563
Home costs 12.7x income
U.S. Census ACS, 2023
Zillow figures 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 Home a buyer's or seller's market?
New Home, TX is a leaning buyer's, based on 4.0 months of supply and homes selling in about 126 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Home housing market data show?
Every row below is Redfin's final published month for New Home, TX. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $720,000 |
| Median price per sq ft | $242/sq ft |
| Median days on market | 126 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Homes sold (that month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
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 Home is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Home 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 Home home prices moved?
Across the 15 months we hold for New Home, TX, the median sale price rose 167.7%, from $269,000 in May 2021 to $720,000. 25.0% of New Home listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New Home?
Priced off the median sale price of $720,000 at the current 7.03% 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% | $144,000 | $576,000 | $3,844/mo |
| 5% | $36,000 | $684,000 | $4,564/mo |
Redfin, through March 2026 for the price · Freddie Mac via FRED, September 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 $3,844, that implies roughly $164,732 a year before you add taxes and insurance. The median household in New Home earns $56,563, about $108,169 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 12.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Home in the next 12 months?
Tell us your timeline. We send the New Home 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 Home?
Zillow does not publish a rent index (ZORI) for New Home, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New Home?
Active listings in New Home, TX went from 1 in May 2021 to 4 in March 2026, a +300.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2021 | 1 | 1 |
| April 2022 | 1 | 1 |
| May 2022 | 1 | 1 |
| July 2023 | 1 | not published |
| May 2024 | 1 | not published |
| January 2025 | 1 | 1 |
| May 2025 | 1 | not published |
| October 2025 | 5 | 1 |
| November 2025 | 5 | 1 |
| January 2026 | 4 | not published |
| February 2026 | 5 | 1 |
| March 2026 | 4 | not published |
Redfin, through March 2026
How does New Home compare to Texas and the U.S.?
New Home homes sell for $720,000 — 102% above the Texas median of $356,100. Against the national median of $410,700, New Home runs 75% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Home, TX | $720,000 | not published | 126 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Home
What buyers should watch
- Months of supply, currently 4.0. 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 25.0%. 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 $721 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $720,000 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 Home listing goes under contract in 126 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Comparable ZIP-level pricing inside New Home varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Home
There are currently 4 homes listed for sale in New Home, Texas.
Active listings
4
Homes on market
Avg. days on market
126
Days until sale
How much do homes cost in New Home by property type?
How the New Home, TX market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $720,000 | $242/sq ft | 1 | 126 days |
Who lives in New Home?
American Community Survey estimates for New Home. U.S. Census ACS, 2023
Population
355
Households
137
Median income
$56,563/yr
Median age
36.6 years
Owner-occupied
76.6%
Median home value
$148,400
Mean commute
22.6 min
76.6% of occupied homes in New Home 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.
Which public schools serve New Home?
1 schools tracked · 671 students
The largest public schools serving New Home, TX 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 HOME SCHOOL
Grades PK-12 · 671 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 Home, TX?
Ordered by distance from New Home, not by size. Compare New Home side by side with any of them.
New Home housing market FAQ
Is New Home a buyer's or seller's market?
New Home, TX is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 126 days in the last month Redfin published (May 2026).
How much do homes cost in New Home?
The median sale price in the last month Redfin published was $720,000, about $242 per square foot.
Is New Home cheaper than the rest of Texas?
New Home's median sale price of $720,000 is 102% higher than the Texas statewide median of $356,100, and 75% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Home?
Homes in New Home, TX spent a median of 126 days on market before going under contract, versus 56 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 Home?
At the current 30-year fixed rate of 7.03%, 20% down on a $720,000 home is about $3,844 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $164,732 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $56,563.
Are home prices rising in New Home?
We do not hold a complete 12-month value series for New Home, TX yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in New Home?
New Home 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 Home?
That depends on your timeline, not on a headline. What the data says today: New Home, TX is a leaning buyer's with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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