Today's View - Dec. 30, 2016 - New Market detached homes

By
Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View –December 30, 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 (12/30/16) not including new construction there are 35 such homes on the market FOR SALE, another 16 under contract, and 10 that have sold in the last 30 days. Thus the absorption rate (35/10) shows a 1.6 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 1.40 acres and median being .23

 

Two Bedrooms

There is at the time of this report 1 two-bedroom existing detached home on the market for sale,  This home is currently list for $216,000 and has been on the market for approaching 6 months (179 days).

Currently there are no two-bedroom existing detached homes in New Market under any form of  contract and none that have successfully completed the sale process in the last 30 days.

 

Three Bedrooms

There are 8 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 $274,900 to $410,000, with the median being $332,450.   The days on market for these homes ranges from new to the market (1 day) to approaching 6 months (176 days) with the median being 3 months (95 days).

There are 5 three-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $262,000 to $475,000, with the median being $364,900.  The days on market for these homes ranges from approaching a week (4 days) to approaching 4 months (116 days) with the median approaching 1.5 months ( 46 days).

In the last 30 days, 2 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $220,851 after being on the market for 2.5 months (72 days) and the other for $359,000 after being on the market for 1.5 months (43 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 $245,300 to $599,500, with the median being $464,750. These homes have been on the market from approaching 1 week (4 days) to 9 months (273 days), with the median being 2 months (67 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 $301,600 to $450,000, with the median being $399,900.  The days on market for these homes ranged from 3 weeks (20 days) to approaching 5.5 months (163 days) with the median approaching 2 month (54 days).

In the last 30 days, 8 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $286,000 to $525,000, with the median being $390,000. The days on market ranged from new to the market (2 day) to 4.5 month (134 days), with the median being 1.5 month (43 days).

 

Five Bedrooms

There are 3 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $488,000 to $699,000, with the median being $599,500.  The days on market for these homes ranges from 1 week (7 days) to 5 months (149 days) with the median being 1.5 months (47 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 $679,000, with the median being $469,900.  The days on market for these homes ranges from approaching 2 months (53 days) to approaching 6 months (173 days) with the median being 3 months (99 days).

In the last 30 days, no five-bedroom detached home in the area has successfully completed the sales process.

 

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 approaching 4.5 months (133 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.

Posted by

Robert J. Force
Weichert Realtors - New Colony
141 S Main Street #202             
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)
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Hope this was of some value to you.

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May this FORCE be with you

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