Today’s View – September 2, 2015 – New Market, Md. 21774 – Townhouses
This is a market report for Townhouses in the New Market, Md. 21774 zip code. At the time of this report (9/2/2015) there are 11 such homes on the market FOR SALE, another 5 under contract, and 4 that has sold in the last 30 days. Thus the absorption rate (11/4) shows a 2.75 month inventory, which is considered to be a sellers market market.
Two Bedrooms
There is 1 two-bedroom townhouse in New Market, Md. at the time of this report on the market for sale. This home is currently listed for $229,900 and has been on the market for 2 months (63 days). There are no two-bedroom townhouses under contract or that have successfully sold in the last 30 days.
Three Bedrooms
There are 10 three-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $209,900 to $393,630 with the median being $264,900 The days on market for these homes ranges from approaching a week (6 day ) to approaching 20 months (592 days), with the median being just over a month (34 days).
There are 5 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 $220,000 and $289,900, with the median being $229,900. The days on market for these homes ranges from new to the market (3 day) to 4.5 months (138 days), with the median being 2 weeks (12 days).
In the last 30 days, 3 three-bedroom townhouses in New Market have successfully completed the sales process. These homes sold for between $224,000 and $235,000; with the median being $234,500. The days on market ranges from 2 day to 5 days.
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Four Bedrooms
Currently, there are no four-bedroom townhouses in this area on the market for sale, nor under any form of contract. There is 1 four-bedroom townhouse that has completed the sales process in the last 30 days. This home sold for $279,900 after being on the market for approaching 2.5 months (70 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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