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NEW MARKET, TN 37820

Real Estate Market Report  ·  Jefferson County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NEW MARKET, TN real estate market (37820) currently shows 32 active listings, with 14 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 77 days on market compared to 90 days last year.

The median listing price has risen 8.2% year-over-year, from $484,900 to $524,700.

Whether you are buying or selling in NEW MARKET, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 7,269  ·  Density: 41.5/mi²  ·  Median household income: $57,584

Typical home value: $175,451  ·  Homeownership: 82.3%

Market Overview

Active Listings
32
⇧ 28% vs 25 last year
Pending
14
44% pending ratio
Median Price
$524,700
⇧ 8.2% vs $484,900 last year
Average Price
$689,164
⇧ 27.7% vs $539,529 last year
Days on Market
77
⇩ 14.4% vs 90 days last year

Price Per Square Foot

Median $/sqft
$233
⇧ 4.5% vs $223/sqft last year
Median Home Size
2,410 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 25 last year
  • Days on market: 77 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $524,700 (+8.2% YoY)
  • Average: $689,164 (+27.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.5 miles — 968 listings ($509,714,873 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
37820New Market, TN 378200.0 mi33$21,087,693$473,650$639,021
37871Strawberry Plains, TN 378716.8 mi29$17,112,465$362,175$590,085
37764Kodak, TN 377648.3 mi58$36,486,872$481,175$629,084
37877Talbott, TN 3787710.2 mi51$33,963,552$373,652$665,952
37861Rutledge, TN 3786111.5 mi32$16,101,184$465,000$503,162
37779Luttrell, TN 3777913.8 mi10$3,840,830$412,400$384,083
37914Knoxville, TN 3791414.8 mi107$34,404,459$312,500$321,537
37888Washburn, TN 3788815.9 mi7$2,947,406$319,500$421,058
37814Morristown, TN 3781416.8 mi166$75,514,894$421,900$454,909
37807Maynardville, TN 3780718.9 mi32$20,006,912$382,450$625,216
37918Knoxville, TN 3791819.3 mi200$81,972,200$379,450$409,861
37915Knoxville, TN 3791520.2 mi29$26,012,246$787,725$896,974
37863Pigeon Forge, TN 3786320.5 mi214$140,264,160$536,750$655,440

Frequently Asked Questions

How many homes are for sale in NEW MARKET, TN 37820?

As of March 2026, there are 32 active listings in NEW MARKET, TN (zip code 37820), compared to 25 the prior year.

What is the median home price in NEW MARKET, TN 37820?

The median listing price in NEW MARKET, TN 37820 is $524,700 as of March 2026, a 8.2% increase from $484,900 the prior year.

How long do homes stay on the market in NEW MARKET, TN?

Homes in NEW MARKET, TN 37820 spend an average of 77 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in NEW MARKET, TN 37820?

Based on current inventory and days-on-market data as of March 2026, NEW MARKET, TN 37820 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 77 days on market compared to 90 days last year.

How much can I save on real estate commission in NEW MARKET, TN?

With SELL123.com's maximum 3% commission, sellers in NEW MARKET, TN 37820 save an estimated $10,494 compared to a typical 5% commission on the median listing price of $524,700. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.