Is New Madrid, MO 63869 a buyer’s or seller’s market?
New Madrid is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The New Madrid housing market right now
In the three months ending August 31, 2026, 0% of homes in New Madrid, MO 63869 sold above their list price, the typical home went under contract in 57 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (65 days then) and the median sale price rose 21% to $168,427. Overall, New Madrid is about as competitive as it was a year ago.
Within New Madrid County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 63869
Nearby markets
Catron 63833Seller’s market — /sq ftGideon 63848Buyer’s market $108 /sq ftKewanee 63860 $87 /sq ftLilbourn 63862Seller’s market $64 /sq ft Browse all markets →Towns like New Madrid nearby
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Questions about New Madrid real estate
Is New Madrid a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in New Madrid, MO 63869 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 Madrid?
The typical home went under contract in 57 days in the latest three months.
Do homes in New Madrid sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in New Madrid?
About 0.73% of a home’s value a year in New Madrid County, or roughly $2,920 on a $400,000 home.
What is the median home price in New Madrid?
The median sale price was $168,427 in the three months ending August 31, 2026, about $108 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