History
The village sprang up within the townland of Coolmallish or Coolmillish (Irish: Cúil Mheallghuis), on the road between Armagh and Newry. It began to grow during the Plantation of Ulster as a town for Scottish and English migrants.
The village of Markethill was founded by a Scottish family, the Achesons of Gosford (or Goseford), Haddingtonshire (East Lothian), who received a grant of 1,000 acres (4 km²) from King James I of Ireland and England in 1610. The Achesons built a strong castle at Cloncarney around 1617, but it was destroyed in the Irish Rebellion of 1641. It was replaced with a manor house, visited by Jonathan Swift, in the late 1720s, who devised the existing nature walks throughout the grounds, where he composed poems. The manor house although occupied to 1840, has practically disappeared. In 1819, Archibald Acheson, 2nd Earl of Gosford, (a peerage bestowed on the family in 1776), commissioned the construction of Gosford Castle.
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