Is New Market, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Market is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, New Market has remained a Seller's Market.

Key Takeaway

New Market is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Market, TN cost?

Median Sold Price

$250,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$27,500(-9.9%)

Key Takeaway

Homes in New Market have sold for 9.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $130K$219K
+68.5%
2 -$227.4K
N/A
3 $278K$280K
+0.7%
4 $190K$212.5K
+11.8%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Jefferson City
+12.1%
New Market
-9.9%

How many homes are available in New Market, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
24+100.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 01
+100.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Market, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Market, TN

There are 4 homes are for sale in New Market, TN real estate market. The inventory of homes for sale in New Market, TN between October 2022 and November 2022 increased by 100%. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 68.5%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties prices increased by 0.7%, the cost of 4 bedrooms properties went up by 11.8%, 5 bedrooms properties prices increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes inventory increased by 50%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. While more than 1 listings in New Market, TN in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below.

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