Today's View - Oct. 6, 2017 - New Market, Md detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – October 6, 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 (10/6/17) not including new construction there are 57 such homes on the market FOR SALE, another 25 under contract, and 25 that have sold in the last 30 days. Thus the absorption rate (57/25) shows a 2.28 months inventory, which is considered a sellers market.

These homes are located on between .06 acres and 8.5 acres of ground with the average being .54 acres and median being .24.

 

Two Bedrooms

There is at the time of this report no two-bedroom existing detached home on the market for sale. There a no two-bedroom existing detached homes in New Market currently under any form of contract. In the last 30 days, no two-bedroom existing detached home in New Market Md. has successfully the sales process.

 

Three Bedrooms

There are 13 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 $295,000 to $489,300, with the median being $350,000.   The days on market for these homes ranges from new to the market (1 days) to 6 months (182 days) with the median 1 month (31 days).

There are 9 three-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $278,000 to $412,000, with the median being $312,900.  The days on market for these homes ranged from new to the market (1 day) to approaching 4 months (113 days) with the median being 1 month (29 days).

In the last 30 days, 10 three-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $225,750 to $443,500, with the median being $340,000. The days on market ranged from new to the market (1 days) to approaching 5 months (141 days), with the median approaching 1.5 months (37 days).

 

Four Bedrooms

Clearly the majority of the existing detached homes on the market for sale in New Market are the 36 four-bedroom detached homes on the market for sale at this time. These homes are currently listed for $287,500 to $875,000, with the median being $456,950. These homes have been on the market from new to the market (1 day) to approaching 11.5 mongths (340 days), with the median being 2 months (56 days).

There are another 11 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 $675,000, with the median being $435,000.  The days on market for these homes ranged from approaching 1 week (4 day) to 2 months (69 days) with the median being 1.5 months (42 days).

In the last 30 days, 15 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $294,000 to $539,900 with the median being $420,200. The days on market ranged from new to the market (1 day) to approaching 4 months (112 days), with the median being 1.5 months (47 days).

 

Five Bedrooms

There are 5 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $399,500 to $764,900, with the median being $464,900.  The days on market for these homes ranges from 1 week (7 days) to 7 months (219 days) with the median being 1 month (37 days).

There are another 4 five-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $240,000 to $615,000, with the median being $504,950.  The days on market for these homes ranged from 3 weeks (19 days) to approaching 7.5 months (222 days) with the median being 3 months (97 days).

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

 

Six Bedrooms

There are 3 six-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $468,000 to $674,900, with the median being $549,000.  The days on market for these homes ranges from 1 week (9 days) to 3 months (91 days) with the median approaching 2.5 months (73 days).

There is currently 1 six-bedroom existing detached home in New Market currently under some form of contract at this time.   The last known list price of this home is $624,900 having been on the market for 1 month (27 days).

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

 

 

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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