Today’s View – July 3, 2016 – New Market, Md. 21774 – Townhouses
This is a market report for Townhouses in New Market, Md. 21774. At the time of this report (7/3/2016) there are 9 such homes on the market FOR SALE, another 4 under contract, and 8 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (9/8) shows a 1.125 month inventory, what is to be considered a sellers market.
Three Bedrooms
There are 5 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report. The current list price of these homes ranges from $247,000 to $449,900; with the median being $364,900. The days on market for these homes ranges from new to the market (1 day ) to approaching 4 months (115 days); with the median being 2 months (51 days).
There are 2 three-bedroom townhouses in the area under some form of contract at the time of this report. The last known list price of these homes being $234,900 after being on the market for 2 weeks ( 15 days) and $259,000 after being on the market for 1 week (5 days).
In the last 30 days, 8 three-bedroom townhouses in New Market have successfully completed the sale process. The closing price of these homes ranges from a low of $204,000 to $285,000 with the median being $248,575. The days on market for these homes ranges from new to the market (2 days) to 2 months (64 days), with the median being 2 weeks (12 days).
Four Bedrooms
There are 3 four-bedroom townhouses in New Market, Md. currently on the market for sale. The current list price of these homes ranges from $299,900 to $459,900; with the median being $312,900. The days on market for these homes ranges from approaching 2 weeks (10 days) to 2 months (63 days); with the median being 1 month (36 days).
There are 2 four-bedroom townhouses in the area under some form of contract at the time of this report. The last known list price of these homes being $324,500 after being on the market for 2 weeks ( 14 days) and $342,000 after being on the market for approaching 2 week (10days).
In the last 30 days, no four-bedroom townhouse in New Market has successfully completed the sales process.
Five Bedrooms
There is 1 five-bedroom townhouse in New Market, Md. currently on the market for sale. The current list price of this home is $479,900 after being on the market for 2 weeks (10 days)
There are no five-bedroom townhouses in New Market, Md. currently under contract and none have successfully completed the sales process in the last 30 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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