Housing in New Market, AL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$283,990

Median List Price

N/A

Price Per Sq Ft

$127

Days on Market

135

Active Inventory

Months of Supply

11.0

Buyer's market

Zillow Home Value

$285,485

ZHVI — January 2026

Zillow Rent Index

$1,818

ZORI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 5.2%List Price ↑ 12.5%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

99.6%

Buyer's market

Sold Above Asking

0.0%

Listings with Price Drops

27.3%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↓ 90.9%New Listings ↓ 80.0%Pending ↓ 87.5%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$127

Sale $/SF ↓ 14.2%List $/SF ↑ 15.6%Mar 24 → Jan 26

New Market vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. New Market is highlighted.

Median Home Value

27th%ilemost expensive$113,400show rank

Median Rent

52nd%ilemost expensive rent$967show rank

Median Price Per Sq Ft

28th%ilemost expensive $/sqft$127show rank

Rent Burden

33rd%ilehighest rent burden16.3%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$113,400

Median Rent

$967

Total Housing Units

597

Vacancy Rate

7.4%

Owner Occupied

79.9%

Renter Occupied

20.1%

Median Property Tax

$335

per year

Monthly Cost (w/ Mortgage)

$748

Housing Types

Single Family

62.6%

Multi-Family

0.0%

Mobile Home

37.4%

The current median sale price in New Market, AL is $283,990 according to Redfin data. Homes spend a median of 135 days on the market. 0.0% of homes sold above asking price. The market has 11.0 months of supply. The median price per square foot is $127. Zillow's observed rent index is $1,818/month. About 79.9% of housing units are owner-occupied. The median year homes were built is 1989. There are 597 total housing units.