Is New Market, VA 22844 a buyer’s or seller’s market?
New Market is a seller’s market. With about 2.4 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 32% of U.S. ZIP codes, and #307 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New Market housing market right now
In the three months ending August 31, 2026, 10% of homes in New Market, VA 22844 sold above their list price, the typical home went under contract in 53 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (59 days then) and the median sale price rose 13% to $368,591. Overall, New Market is less competitive than a year ago, which gives buyers more room.
Within Shenandoah County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, New Market ranks #307 of 358 VA ZIP codes with enough sales (score 35 out of 100).
Nearby, Strasburg 22641 (100% sold over asking) and Maurertown 22644 (50% sold over asking) are even more competitive.
Run the numbers for 22844
Nearby markets
Basye 22810Buyer’s market $214 /sq ftEdinburg 22824Balanced $198 /sq ftFort Valley 22652Seller’s market $192 /sq ftMaurertown 22644Balanced $240 /sq ft Browse all markets →Towns like New Market nearby
Find towns like New Market in other states →Where New Market is
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Questions about New Market real estate
Is New Market a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in New Market, VA 22844 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Market?
The typical home went under contract in 53 days in the latest three months.
Do homes in New Market sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in New Market?
About 0.52% of a home’s value a year in Shenandoah County, or roughly $2,080 on a $400,000 home.
What is the median home price in New Market?
The median sale price was $368,591 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology