Today’s View – December 14, 2014 – New Market, Md. 21774 – Townhouses
This is a market report for Townhouses in New Market, Md. 21774. At the time of this report (12/14/2014) there are 4 such homes on the market FOR SALE, another 3 under contract, and 5 that has sold in the last 30 days. Thus the absorption rate (4/5) shows a less than 1 month inventory, clearly a sellers market.
Three Bedrooms
There is just 1 three-bedroom townhouse in this area on the market for sale. This home currently listed for $229,900 and has been on the market for less than a week (2 days).
There are 3 three-bedroom townhouses in the area that are under some form of contract at this time. The last known list prices of these homes ranging from $229,000 to $233,000, with the median being $231,000. The days on market for these homes ranges from approaching 2 weeks (12 day ) to over 2 months (68 days), with the median being over 1 2 month (37 days).
In the last 30 days, only 4 three-bedroom townhouses in New Market have successfully completed the sales process. The closing price of these home ranged form $225,000 to $279,000, with the median being $245,000. The days on market for these homes ranged form a week (6 days) to approaching 6 months (176 days), with the median being over 2 months (65 days).
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Four Bedrooms
Currently, there are 3 four-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $254,900 to $374,990 with the median being $370,000 The days on market for these homes ranges from approaching 2 weeks (11 days ) to 2 month (58 days), with the median being over 1 month (38 days).
There are no four-bedroom townhouses in the area under some form of contract at the time of this report.
In the last 30 days, only 1 four-bedroom townhouse in New Market has successfully completed the sales process. The closing price of this home was $320,000 and was on the market for 1 week (6 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.
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