Today’s View – December 19, 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 (12/19/17) not including new construction there are 38 such homes on the market FOR SALE, another 21 under contract, and 17 that have sold in the last 30 days. Thus the absorption rate (38/17) shows a 2.24 months inventory, which is considered a sellers market.
These homes are located on between .07 acres and 8.5 acres of ground with the average being .51 acres and median being .24.
Two Bedrooms
There is at this time 1 two-bedroom existing detached home in New Market on the market for sale. This home is currently listed for $235,000 and has been on the market for approaching 2 months (50 day).
There is 1 two-bedroom existing detached homes in New Market under any form of contract. The last known list price of this home is $334,900 after being on the market for approaching 2 months (53 days).
In the last 30 days, no two-bedroom existing detached home in New Market has successfully completed the sales process.
Three Bedrooms
There are 7 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 $279,000 to $349,900, with the median being $300,000. The days on market for these homes ranges from approaching 3 weeks (18 days) to 4 months (117 days) with the median being 3.5 months (103 days).
There are 7 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $285,000 to $449,700, with the median being $349,000. The days on market for these homes ranged from 1 week (9 days) to 8 months (240 days) with the median approaching 1.5 months (39 days).
In the last 30 days, 3 three-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $278,000, with the median being $310,000. The days on market ranged for 2 weeks (12 days) toe 2 months (63 days) with the median being 2 weeks ( 12 days).
Four Bedrooms
Clearly the majority of the existing detached homes on the market for sale in New Market are the 24 four-bedroom detached homes on the market for sale at this time. These homes are currently listed for $299,900 to $799,900, with the median being $477,450. These homes have been on market from between 1 week (5 days) to 10 months (307 days), with the median being 2.5 months (77 days).
There are another 10 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $389,000 to $675,000, with the median being $479,050 The days on market for these homes ranged from new to the market (1 day) to 1 year (366 days) with the median approachinbg 1.5 months (39 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 $280,000 to $475,000 with the median being $410,000. The days on market ranged from new to the market (2 days) to 4 months (127 days), with the median being 1.5 months (42 days).
Five Bedrooms
There are 4 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $370,000 to $649,900, with the median being $457,495. The days on market for these homes ranges from 3 weeks (19 day) to approaching 4 months (109 days) with the median being 2 months (57 days).
There are another 2 five-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes being $240,000 after being on the market for approaching 4 months (109 day) and $615,000 being on the market for 7 months (222 days).
In the last 30 days, 2 five-bedroom detached home in the area have successfully completed the sales process. These homes sold for $424,000 after being on the market for 1 week (5 days) and $600,000 after being on the market for 3 weeks (20 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 are currently listed for $549,000 being on the market for 5.5 months (165 days) and $674,900 being on the market for 5 months (147 days).
There is currently 1 six-bedroom existing detached home in New Market 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, 1 six-bedroom detached home in the area has successfully completed the sales process. This home sold for $427,000 after being on the market for 3 weeks (22 days).
If you have any questions about this report, please call me or send me an email. I look forward to helping you and friends with your real estate needs.
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