Is New Market, IA 51646 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

New Market is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The New Market housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Taylor County, IA

Population	767
Median income	$73,625
Average income	$78,123
Median home value	$120,300
Median rent	$832/month
Owner-occupied	85% of homes
Median year built	1946

Natural hazard riskExtreme heat (relatively high), tornadoes (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 51646; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 51646

Prefilled for 51646Can I win this house?Multiple-offer likelihood for a listing Prefilled for 51646Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bedford 50833Buyer’s market $69 /sq ft Blockton 50836Buyer’s market — /sq ft Clearfield 50840 — /sq ft Lenox 50851 — /sq ft Browse all markets →

Where New Market is

Loading map…

Questions about New Market real estate

What are property taxes in New Market?

About 1.26% of a home’s value a year in Taylor County, or roughly $5,040 on a $400,000 home.

Local agents

See all agents in 51646 →

No sponsored agents in 51646 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 51646

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Taylor County property taxes Taylor County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="51646"><a href="https://offerbacked.com/market/51646">New Market, IA 51646 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology