Today's View - May 25, 2017 - New Market, Md. detached homes

By
Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – May 25, 2017 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 (5/25/17) not including new construction there are 57 such homes on the market FOR SALE, another 44 under contract, and 18 that have sold in the last 30 days. Thus the absorption rate (57/18) shows a 3.166 months inventory, which is considered a sellers market.

These homes are located on between .04 acres and 5.5 acres of ground with the average being .43 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 $454,000 and has been on the market for 1.5 months (42 days).

Currently there is 1 two-bedroom existing detached homes in New Market, Md. is under contract.  The last known list price of this home is $199,000 and on the market for approaching 7 months (201 days).

In the last 30 days, no two-bedroom existing detached home in New Market Md. has successfully the sales process.

 

Three Bedrooms

There are 12 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 $249,000 to $514,900, with the median being $382,450.   The days on market for these homes ranges from new to the market (1 days) to approaching 3 months (82 days) with the median being 3 weeks (23 days).

There are 20 three-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $193,500 to $425,000, with the median being $317,450.  The days on market for these homes ranged from new to the market (1 day) to 3.5 months (105 days) with the median being 2 weeks (15 days).

In the last 30 days, 4 three-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $265,000 to $307,970, with the median being $283,000. The days on market ranged from approaching 2 weeks (11 days) to 7 months (206 days), with the median approaching 1.5 month (38 days).

 

Four Bedrooms

There are 30 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $369,900 to $800,000, with the median being $489,450. These homes have been on the market from new to the market (1 day) to approaching 3 months (207 days), with the median being 1.5 months (46 days).

There are another 18 four-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $223,100 to $624,900, with the median being $407,400.  The days on market for these homes ranged from new to the market (1 day) to 2 months (62 days) with the median being 1 week (7 days).

In the last 30 days, 11 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $299,000 to $495,000 with the median being $369,000. The days on market ranged from approaching 1 week (4 day) to approaching 3 months (82 days), with the median approaching 2 weeks (10 days).

 

Five Bedrooms

There are 7 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $379,900 to $785,000, with the median being $599,999.  The days on market for these homes ranges from 1 week (6 days) to approaching 3 months (86 days) with the median approaching 2 months (57 days).

There are another 5 five-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $260,000 to $750,000, with the median being $615,000.  The days on market for these homes ranged from 3 weeks (23 days) to approaching 7.5 months (222 days) with the median being 2.5 months (73 days).

In the last 30 days, 3 five-bedroom detached home in the area have successfully completed the sales process. . The closing price of these homes ranged from $490,000 to $665,000 with the median being $660,000. The days on market ranged from approaching 1 week (4 day) to 1.5 months (49 days), with the median approaching a week (6 days).

 

Six Bedrooms

There are 7 six-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $358,000 to $749,900, with the median being $569,900.  The days on market for these homes ranges from 1 week (8 days) to 9 months (274 days) with the median being 1 month (29 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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