Is Newark, TX 76071 a buyer’s or seller’s market?

The Newark housing market right now

In the three months ending August 31, 2026, 13% of homes in Newark, TX 76071 sold above their list price, the typical home went under contract in 80 days and there were 8.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (68 days then) and the median sale price rose 5% to $343,446. Overall, Newark is about as competitive as it was a year ago.

Within Wise County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Newark ranks #635 of 868 TX ZIP codes with enough sales (score 17 out of 100).

Nearby, buyers who want less competition could look at Alvord 76225 (0% sold over asking) or Paradise 76073 (0% sold over asking), while Boyd 76023 (26% sold over asking) and Chico 76431 (18% sold over asking) are even more competitive.