Is New Hope, AL 35760 a buyer’s or seller’s market?
New Hope is a seller’s market. With about 1.7 months of supply and 38% 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 59% of U.S. ZIP codes, and #18 of 249 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 Hope housing market right now
In the three months ending August 31, 2026, 38% of homes in New Hope, AL 35760 sold above their list price, the typical home went under contract in 60 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold more slowly (52 days then) and the median sale price rose 8% to $286,880. Overall, New Hope is more competitive than a year ago, so tougher for buyers.
Within Madison County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, New Hope ranks #18 of 249 AL ZIP codes with enough sales (score 57 out of 100).
Nearby, buyers who want less competition could look at Huntsville 35801 (10% sold over asking) or Huntsville 35816 (13% sold over asking).
Run the numbers for 35760
Nearby markets
Brownsboro 35741Seller’s market $194 /sq ftGurley 35748Seller’s market $198 /sq ftHarvest 35749Seller’s market $161 /sq ftHazel Green 35750Balanced $166 /sq ft Browse all markets →Towns like New Hope nearby
Find towns like New Hope in other states →Where New Hope is
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Questions about New Hope real estate
Is New Hope a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in New Hope, AL 35760 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 Hope?
The typical home went under contract in 60 days in the latest three months.
Do homes in New Hope sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in New Hope?
About 0.40% of a home’s value a year in Madison County, or roughly $1,600 on a $400,000 home.
What is the median home price in New Hope?
The median sale price was $286,880 in the three months ending August 31, 2026, about $186 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