Today’s View – June 13, 2013 – Mt. Airy, Md.21771 (HowardCounty) – Detached Homes
This is a market report for detached and semi-detached homes in the HowardCounty portion of Mt. Airy, Md.21771. At the time of this report (06/13/2013) there are 16 such homes on the market FOR SALE, another 11 under contract, and four that have completed the sales process in the last 30 days. Thus the housing absorption rate (16/4) for homes of this type in the report area is 4 months, what is considered to be a normal market. These home are on property ranging in size for .62 acres to one over 55 acres. with the median being 1.98 acres
Two Bedrooms
There is one two-detached home for sale in this market area. The home is currently listed for $339k900 and has been on the market for a month and a half (41 days). There is also one that is under some form of contract in the report area. The last known list price of this home is $430,000 and it was on the market for less than a month (27 days). In the last 30 days, no two-bedroom detached home has completed the sales process.
Three Bedrooms
There are two three-bedroom detached homes in this area currently on the market for sale. These homes are currently listed for $514,900 and $750,000. The days on market for these homes ranges from a month and a half (42 days) to over five months (157 days). There are no two three-bedroom detached home in this area under some form of contract at this time. In the last 30 days, two three-bedroom homes have completed the sales process. The closing prices of these homes were $370,000 and $395,000. They were on the market for the same amount of time, a month.
Four Bedrooms
Clearly the majority of the detached homes for sales in the market area are the 10 four-bedroom homes. These homes range in price from a low of $385,000 to $700,000, with the median being $584,950. The days on market for these homes ranges from a week (8 days) to over 18 months (546 days) with the median approaching two months (53 days).
There are seven four-bedroom detached homes in the area that are under some form of contract. The last known list price of these ranged from a low of $475,000 to $699,999, with the median being $624,900 The days on market for these homes ranges from nearly a week (5 days) to over seven months (220 days) with the median being two months (58 days).
In the last 30 days, one four-bedroom detached home in the area has successfully completed the sales process. The closing price of this home is $699,900 and it was on the market for over five and a half months (168 days).
Five Bedrooms
There are three five-bedroom detached homes in this area currently on the market for sale. These homes range in price from a low of $594,900 to $675,000, with the median being $625,000. The days on market for these homes ranges from over a week (11 day) to three and a half months (103 days) with the median approaching a month and a half (41 days).
There is also one that is under some form of contract in the report area. The last known list price of this home is $745,000 and it was on the market for a week (7 days). In the last 30 days one five-bedroom detached home has completed the sales process. This home sold for $640,000 after being on the market for six months (183 days).
Six Bedrooms
There are no six-bedroom detached homes in the market area currently on the market for sale and none have completed the sales process in the last 30 day. There are two six-bedroom homes under some form of contract. The last known list prices of these homes are $399,900 and $569,900. The days on market for these homes are both under a week (5 and 6 days).
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