Today's View - Feb. 11, 2015 - New Market Md Townhouses

Today’s View – February 11, 2015 – New Market, Md. 21774 – Townhouses

This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (2/11/2015) there are 9 such homes on the market FOR SALE, another 2 under contract, and 1 that has sold in the last 30 days. Thus the absorption rate (9/1) shows a 9  month inventory, clearly a buyer’s market.

Three Bedrooms

There are 5 three-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $199,000 to $389,050 with the median being $228,900  The days on market for these homes ranges from over a week  (9 days ) to 13 months (389 days), with the median being over 3 weeks (24 days).

There are 2 three-bedroom townhouses in the area that are under some form of contract at this time.  The last known list prices of these homes are $224,900 and $239,900. The days on market for these homes ranges from approaching a week (5 days ) to over 1.5 months (50 days).

In the last 30 days, no three-bedroom townhouses in New Market has successfully completed the sales process.

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Four Bedrooms

Currently, there are 4 four-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $249,900 to $374,990 with the median being $347,450  The days on market for these homes ranges from 3 weeks  (22 days ) to 4 month (117 days), with the median being 3 month (84 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 $329,000 and was on the market for 2 week (12 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.