Todays View - Detached homes in New Market, Md.21774
This is a market report on Detached Homes in New Market, Md. 21774 for sale. At the time of this report (08/23/2014) there are 80 such homes on the market FOR SALE, another 42 under contract, and 22 that have sold in the last 30 days. Thus the absorption rate (80/22) shows a 3.6 month inventory, still considered a sellers market.
Two Bedrooms
There are no two-bedroom detached homes currently on the market for sale in New Market. While there is no two-bedroom under contract at this time, 1 has successfully completed the sales process in the last 30 days. This home sold for $235,000 and was on the market for just over a week (9 days).
Three Bedrooms
There are 22 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $209,900 to $575,900, with the median being $342,450 The days on market for these homes ranges from approaching 2 weeks (12 days) to approaching 32 months (953 days) with the median approaching 2.5 months (73 days).
There are 10 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $200,000 to $375,000, with the median being $312,450. The days on market for these homes ranges from less than a week (4 day) to approaching 5.5 months (163 days) with the median being 1.5 month (44 days).
In the last 30 days, 7 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $195,000 to $369,700, with the median being $265,000. The days on market ranged form less than 2 weeks (12 days) to just over a 4.5 months (1138 days), with the median being over 1.5 months (44 days).
Four Bedrooms
Clearly the majority of the detached homes on the market in the report area are the 41 four-bedroom homes. These homes are currently listed for $299,999 to $649,900, with the median being $444,490 They have been on the market from less than a week (3 days) to over 2 years (787 days) , with the median being 2 months (91 days).
There are another 27 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $280,000 to $599,900, with the median being $427,280. The days on market for these homes ranged from just a day to 11 months (332 days) with the median being just over 3 weeks (22 days).
\In the last 30 days, 12 four-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $360,000 to $525,000, with the median being $425,040. The days on market ranged form a day to over 5 months (158 days), with the median being 3 weeks (22 days).
Five Bedrooms
There are 13 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $414,900 to $569,999, with the median being $495,000. The days on market for these homes ranges from 1 day to approaching 6 month (173 days) with the median being 2 months (62 days).
There are 3 five-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $359,900 to $530,000, with the median being $450,000. The days on market for these homes ranges from less than a week ( 3days) to over 5 months (152 days), with the median being less than a week (5 days).
In the last 30 days, 2 five-bedroom detached home in the area has successfully completed the sales process. This homes sold for $397,500 being on the market for 18 days and $530,000 after being on the market for over 3 months (97 days).
Six Bedrooms
There is at this time 2 six-bedroom detached home on the market for sale in the market area. These homes are listed for $597,000 and $739,000. They have been on the market for approaching 3 months (83 and 84 days). There is 1 six bedroom detached home under contract at this time. The home was last listed for $1,500,000 and was on the market for 7 months (209 days). No six-bedroom detached home has complete the sale process in the last 30 days in this market area.
Seven Bedrooms
There are no seven-bedroom detached home on the market for sale at this time in New Market and none that have successfully completed the sales process in the last 30 days. There is 1 seven-bedroom home currently under contract. The last known list price of this home being $319,900 and was on the market for approaching a month (28 days).
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