Today’s View December 19, 2013 – New Market Md. - Detached homes
This is a market report on Detached Homes in New Market, Md. 21774 for sale. At the time of this report (12/19/2013) there are 60 such homes on the market FOR SALE, another 32 under contract, and 11 that have sold in the last 30 days. Thus the absorption rate (60/11) shows a 5.45 month inventory, what is considered a normal market.
Two Bedrooms
There is 1 two bedroom detached home in New Market of the under cntact at this time. This home was last listed at $170,000 and on the market for a month ( 33 days). There are no two-bedroom detached homes currently listed for sale at nor has any completed the sales process in the last 30 days.
Three Bedrooms
There are 20 three-bedroom detached homes in New Market on the market for sale. These homes range in price from a low of $150,000 to $526,000, with the median being $349,945 The days on market for these homes ranges from a week (7 day) to nearly 2 years (706 days) with the median approaching 4 and a half months (132 days).
There are 5 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranges from $200,000 to $499,000, with the median being $339,990. The days on market for these homes ranges from just a day to approaching 5.5 months (161 days) with the median 1 and half months (45 days).
In the last 30 days, 6 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $254,000 to $339,000, with the median being $281,420. The days on market ranged from less than a week (4 days) to just over a month (36 days), with the median being over 3 weeks (25 days).
Four Bedrooms
Clearly the majority of the Detached Homes on the market for sale in New Market are the 35 four-bedroom homes. These homes are currently listed for $250,000 to $649,000, with the median being $414,900. They were on the market from less than a week (2 days) to over 21 months (648 days), with the median approaching 2 and a half months (71 days).
There are another 22 four-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 $555,000, with the median being $380,200. The days on market for these homes ranged from just a day to 17 months (511 days) with the median being over 2 and a half months (79 days).
In the last 30 days, 4 four-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $327,500 to $440,000, with the median being $361,814. The days on market ranged from over a week (8 days) to just over 6 months (189 days), with the median being short of 3 weeks (20 days).
Five Bedrooms
There are 5 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $334.900 to $592,900, with the median being $529,996. The days on market for these homes ranges from a month and a half (45 days) to 7 months (205 days) with the median being over 3 months (100 days).
There are another 2 five-bedroom detached homes in the area that are under some form of contract. One home was last lited at $299,000 and had been on the market for a little over a week (10 days), while the other was listed at $450,000 and it was on the market for a month (38 days).
In the last 30 days, 1 five-bedroom detached home has successfully completed the sales process. This home sold for $400,000 and on the market for just a week (7 days).
Six Bedrooms
There are 2 six-bedroom detached homes in this area on the market under contact at this time.. These homes are listed for $499,900 to $1,500,000, and both have been on the market for 2 months (54 days).
No six-bedroom detached home in New Market is on the market for sale at this time and none have successfully complelted the sales process in the last 30 days.
If you have any questions about this report, please contact me. I look forward to helping you with your real estate needs in New Market.
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