Today’s View – April 16, 2013 – Mt. Airy, Md. 21771 (Carroll County) – Detached Homes

Today’s View – April 16, 2013 – Mt. Airy, Md. 21771 (Carroll County) – Detached Homes

This is a market report for detached and semi-detached homes in the Carroll County portion of Mt. Airy, Md. 21771. At the time of this report (04/16/2013) there are 32 such homes on the market FOR SALE, another 23 under contract, and six that have sold in the last 30 days.  Thus the housing absorption (32/6) rate for homes of this type in the report area is 5.33 months, what is considered to be a normal market..

Two Bedrooms

While there is no two-bedroom home of this type currently on the market for sale, or under any form of contract; there are two that have completed the sales process in the last 30 days.   The closing price of these homes ranged from $199,000 to $210,000, thus the median price being $204,950.  These homes were on the market for just under two weeks (12 days) to approaching three months (83 days), with the median being over a month and a half (48 days).

Three Bedrooms

There are four three-bedroom detached homes in this area currently on the market for sale. These homes range in price from a low of $299,900 to 385,000, with the median being $329,450.  The days on market for these homes ranges from brand new to the market to two months (60 days) with the median being over a month (34 days).

There are six three-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $225,000 to $395,000, with the median being $317,081.  The days on market for these homes ranges from brand new to the market to approaching 14 months (415 days) with the median being two weeks (13 days).

In the last 30 days, two one three-bedroom detached home in the area have successfully completed the sales process. The closing prices of these homes was $215,000 and $281,000.  Then median time on market for these homes was approaching two weeks (11 days).

Four Bedrooms

Clearly the majority of the detached homes for sales in the market area are the 22 four-bedroom detached homes. These homes range in price from a low of $99,000 to $700,000, with the median being $493,450.  The days on market for these homes ranges from a single day to over 16 and a half months (495 days) with the median being approaching four months (108 days).

There are nine four-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $329,900 to $539,000, with the median being $429,000.  The days on market for these homes ranges from approaching a week (4 days) to nearly seven months (210 days) with the median being two and a half months (72 days).

In the last 30 days, only one four-bedroom detached home in the area have successfully completed the sales process. The closing price of this home was $335,000 and it was on the market for six and a half  months (198 days).

Five Bedrooms

There are three five-bedroom detached homes in the area on the market for sale. These homes range in price from a low of $375,000 to $587,000, with the median being $531,500.  The days on market for these homes ranges from a month (34 days) to nearly two years (705 days) with the median being six months (180 days).

There are five five-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $265,000 to $639,900, with the median being $545,000.  The days on market for these homes ranges from nearly a week (4 days) to approaching five months (145 days) with the median being a month (33 days).

In the last 30 days, only one five-bedroom detached home in the area have successfully completed the sales process. The closing price of this home was $575,000 and it was on the market for only two days.

Six Bedrooms

There are two six-bedroom detached homes in the area on the market for sale. These homes range in price from a low of $539,000 to $795,000, with the median being $667,450.  The days on market for these homes ranges from a day to approaching a week (4 days).

There are two six-bedroom detached homes in the area that are under some form of contract.  The last known list prices of these homes are $699,000 and $875,000.  The median days on market for these two homes being three weeks (20 days).  No six-bedroom home has completed the sales process in the last 30 days.

Seven Bedrooms

There is one seven-bedroom detached homes in the area on the market for sale. This home is listed for $750,000 and has been on the market for just over four month (120 days). There are no seven-bedroom detached homes in the market area currently under any form of contract, nor has any completed the sales process in the last thirty days.

If you have any questions about this report, please call me or send me an email.  I look forward to helping you with your real estate needs.