Today’s View – November 17, 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 (11/17/16) not including new construction there are 40 such homes on the market FOR SALE, another 10 under contract, and 12 that have sold in the last 30 days. Thus the absorption rate (40/12) shows a 3.33 months inventory, which is considered a sellers market.
These homes are located on between .12 acres and 55.49 acres of ground with the average being 1.19 acres.
Two Bedrooms
At the time of this report there is 1 two-bedroom existing detached homes on the market for sale. This home is currently listed at $216,000 and has been on the market for 4.5 months (133 days).
There is at the time of this report, no two-bedroom existing detached homes ate under some form of contract, nor are there any that have successfully completed the sales process. The last know list price of this home is $199,900 and it was on the market for approaching 4 months (109 days).
Three Bedrooms
There are 11 three-bedroom existing 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 $270,000 to $475,000, with the median being $364,900. The days on market for these homes ranges from 2 weeks (17 day) to 4.5 months (133 days) with the median being 2 months (54 days).
There are 4 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $235,000 to $359,900, with the median being $265,950. The days on market for these homes ranges from 1.5 months (43 days) to approaching 4.5 months (130 days) with the median approaching 3 months ( 85 days).
In the last 30 days, 4 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $251,000 to $330,000, with the median being $306,950. The days on market ranged from new to the market (2 day) to 2 months (56 days), with the median being 1 week (10 days).
Four Bedrooms
There are 22 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $258,200 to $619,000, with the median being $449,950. They have been on the market from new to the market (3 days) to approaching 8 months (230 days), with the median being 2 months (59 days).
There are another 13 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $229,998 to $525,000, with the median being $399,900. The days on market for these homes ranged from new to the market (2 days) to 4.5 months (134 days) with the median being over a month (38 days).
In the last 30 days, 6 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $237,563 to $484,900, with the median being $384,950. The days on market ranged from approaching 1 week (3 day) to 1 month (29 days), with the median being 1 week (10 days).
Five Bedrooms
There are 5 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $469,900 to $695,000, with the median being $599,600. The days on market for these homes ranges from approaching 1 week (4 days) to 5 months (153 days) with the median being 3 month (97 days).
There are 3 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 $255,000 to $499,999, with the median being $484,900. The days on market for these homes ranges from approaching 1 month (24 days) to approaching 3.5 months (102 days) with the median approaching 2 months (53 days).
In the last 30 days, 2 five-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $339,000 being on the market for 1 week (10 days) and $695,000 being on the market for 3.5 days (106 days).
Six Bedrooms
There is 1 six-bedroom detached home in this area on the market for sale at this time. This home is currently list at $649,900 having been on the market 3 months (90 days).
There are no six-bedroom existing detached home in New Market currently under contract and none that 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.
Comments(2)