Today’s View – July 6, 2015 – Mount Airy, Md. 21771 – Townhouses
This is a market report for Townhouses in Mount Airy, Md. 21771. At the time of this report (7/06/2015) there are 19 such homes on the market FOR SALE, another 7 under contract, and 5 that have sold in the last 30 days. Thus the absorption rate (19/5) shows a 3.8 month inventory, considered a normal market.
Two Bedrooms
There are no two-bedroom townhouses in this area on the market for sale at the time of this report. There is however 1 two-bedroom townhouse in the area that is under some form of contract. The last know list price of this home is $199,900 and it was on the market for 1.5 months (46 days). In the last 30 days, no two-bedroom townhouse in the area has successfully completed the sales process.
Three Bedrooms
There are 16 three-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $196,900 to $315,000 with the median being $249,950 The days on market for these homes ranges from new to the market (2 days ) to approaching 3.5 months (103 days), with the median being 3 weeks (21 days).
There are 6 three-bedroom townhouses in the area that are under some form of contract. The last known list price of these homes ranged from $185,000 to $314,999, with the median being $237,400. The days on market for these homes ranges from new to the market (3 days) to approaching 1 month (26 days) with the median approaching 2 weeks (12 days).
In the last 30 days, 4 three-bedroom townhouses in the area have successfully completed the sales process. The closing price of these homes ranged from $237,750 to $300,000, with the median being $269,900. The days on market for these homes ranged from new to the market (3 days) to just over 1.5 months (47 days), with the median being a week (7 days).
Four Bedrooms
There are 3 four-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $233,900 to $255,000 with the median being $243,749 The days on market for these homes ranges from 1.5 months (48 days) to 5 months (145 days ), with the median being over 2 months (67 days).
There are no four-bedroom townhouses in the area that are under some form of contract and 1 has successfully completed the sales process in the last 30 days. This home sold for $314,000 after being on the market for less than a week (5 days).
If you have any questions about this report, please contact me. I look forward to helping you with your real estate needs.
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