Today’s View – Mar. 15, 2016 Detached homes – New Market Md.
This is a market report on existing detached homes in New Market, Md. 21774 for sale. At the time of this report (3/15/16) not including new construction there are 34 such homes on the market FOR SALE, another 27 under contract, and 17 that have sold in the last 30 days. Thus the absorption rate (34/17) shows a 2 month inventory, which is considered a sellers market.
These homes are located on between .08 acres and 55.49 acres of ground with the average being 1.05 acres.
Two Bedrooms
At the time of this report there are no two-bedroom existing detached homes on the market for sale and none that have successfully completed the sales process in the last 30 days.
There is 1 two-bedroom existing detached home under some form of contact at this time in New Market, Md. The last know list price of the home being $199,900 and has been on the market for 3.5 months (109 days).
Three Bedrooms
There are 17 three-bedroom detached homes in this area on the market for sale at this time. The current list price of these homes range in price from a low of $209,900 to $489,900, with the median being $299,900. The days on market for these homes ranges from approaching 1 week (3 days) to 11 months (331 days) with the median being 3 weeks (21 days).
There are 14 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $199,900 to $370,000, with the median being $272,450. The days on market for these homes ranges from new to the market (1 days) to approaching 9.5 months (285 days) with the median being 4 month (122 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 $206,000 to $318,500, with the median being $272,500. The days on market ranged from 1 week (7 days) to approaching 5 months (143 days), with the median being 1 month (33 days).
Four Bedrooms
There are 11 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $269,900 to $719,000, with the median being $425,000. They have been on the market from approaching 1 week (3 days) to 2 months (68 days), with the median approaching 3 weeks (20 days).
There are another 7 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $314,000 to $604,900, with the median being $425,000. The days on market for these homes ranged from approaching 1 week (4 days) to 10 months (295 days) with the median being 1 week (8 days).
In the last 30 days, 7 four-bedroom detached homes in the area have successfully completed the sales process. The closing price of these home ranged from $369,500 to $535,000, with the median being $474,900. The days on market for these homes ranged from new to the market (1 day) to 6 months (178 days) with the median being 1 week (7 days).
Five Bedrooms
There are 4 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $459,900 to $769,900, with the median being $529,900. The days on market for these homes ranges from approaching 3 weeks (17 days) to 3.5 months (105 days) with the median approaching 2.5 months (40 days).
There are 4 five-bedroom detached homes in the area that are under some form of contract at this time. The last known list price of these homes ranged from a low of $390,000 to $534,900, with the median being $451,950. The days on market for these homes ranges from new to the market (2 days) to approaching 9 months (262 days) with the median approaching 3 months (84 days).
In the last 30 days, 3 five-bedroom detached homes in the area have successfully completed the sales process. The closing price of these home ranged from $269,900 to $419,000, with the median being $415,000. The days on market for these homes ranged from approaching 3 weeks (19 day) to approaching 4.5 months (130 days) with the median being 3 weeks (24 days).
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Six Bedrooms
There is 1 six-bedroom detached home in this area on the market for sale at this time. This is current listed for $775,000 and has been on the market for 2 weeks (12 days),
There is 1 six-bedroom detached home in this area on the market under some form of contact at this time. The last known list price of this home being $624,900 and has been on the market for 2 months (67 days),
In the last 30 days, no six-bedroom detached home in this area has successfully completed the sales process.
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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