Today’s View – June 22, 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 (6/22/17) not including new construction there are 65 such homes on the market FOR SALE, another 40 under contract, and 25 that have sold in the last 30 days. Thus the absorption rate (65/25) shows a 2.6 months inventory, which is considered a sellers market.
These homes are located on between .07 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 no two-bedroom existing detached home on the market for sale.
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 $454,000 and on the market for approaching 2 months (62 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 15 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 $500,000, with the median being $374,900. The days on market for these homes ranges from 1 week (7 days) to approaching 4 months (109 days) with the median being 3 weeks (22 days).
There are 16 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $269,900 to $449,900, with the median being $331,200. The days on market for these homes ranged from new to the market (1 day) to 3.5 months (104 days) with the median being 2 weeks (13 days).
In the last 30 days, 11 three-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $193,500 to $400,000, with the median being $315,000. The days on market ranged from new to the market (1 day) to 2 months (61 days), with the median being 1 month (29 days).
Four Bedrooms
There are 42 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $309,900 to $749,900, with the median being $479,900. These homes have been on the market from new to the market (2 days) to approaching 8 months (234 days), with the median being 1 month (29 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 $290,000 to $624,900, with the median being $435,000. The days on market for these homes ranged from new to the market (1 day) to 2.5 months (74 days) with the median being 1 week (6 days).
In the last 30 days, 13 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $214,524 to $495,000 with the median being $382,000. The days on market ranged from new to the market (1 day) to 2 months (62 days), with the median approaching 2 weeks (10 days).
Five Bedrooms
There are 6 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $369,900 to $755,000, with the median being $586,950. The days on market for these homes ranges from 3 weeks (19 days) to approaching 4 months (113 days) with the median approaching 1.5 months (38 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 $625,000, with the median being $499,000. The days on market for these homes ranged from 3 weeks (23 days) to approaching 7.5 months (222 days) with the median being 1 month (29 days).
In the last 30 days, 1 five-bedroom detached home in the area has successfully completed the sales process. . The closing price of this home was $730,000 after being on the market for 2.5 months (75 days).
Six Bedrooms
There are 2 six-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $625,000 being on the market for 1 month (35 days) and $699,900 being on the market for 2 months (56 days).
There are 5 six-bedroom existing detached home in New Market currently under some form of contract. The last known list price of these homes ranged from $358,000 to $599,900, with the median being $375,000. The days on market for these homes ranged from 3 weeks (24 days) to 10 months (291 days) with the median approaching 2.5 month (71 days).
No six-bedroom existing detached home in New Market has successfully completed the sale 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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