Today’s View – Nov 12, 2018 – New Market, Md. 21774 – Detached Homes
This is a market report for existing detached homes in New Market, Md. 21774. At the time of this report (11/12/2018) not including new construction 52 such homes are on the market FOR SALE, another 23 under contract, and 13 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 4.0 which is considered a normal market.
While the minimum lot size is just .07 acres and the maximum lot size is 5.5 acres, the median is .23 acres.
Three Bedrooms Home
Currently, there are 18 three-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $249,900 to $500,000, with the median price being $354,950. The days on market for these homes range from new to the market (2 days) to 4 months (121 days) with the median being 1 month (29 days).
There are 7 three-bedroom detached homes in New Market that are under some form of contract. The last known list prices of these homes range from a low of $300,00 to $425,000, with the median being $350,000. The days on market for these homes ranges from 2 weeks (12 days) to 6 months (182 days) with the median being 2 months (54 days).
In the last 30 days, 9 three-bedroom detached homes in New Market have successfully completed the sales process. The closing prices of these homes ranged from $245,000 to $438,500, with the median being $342,999. The days on market for these homes ranged from 1 week (9 days) to 5 months (147 days) with the median being 2 months (60 days).
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Four Bedroom Homes
There are 22 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $260,000 to $549,900, with the median being $404,950. The days on the market for these homes ranges new to the market (1 day) to approaching 13 months (394 days) with the median approaching 2 months (54 days).
There are 11 four-bedroom detached homes in New Market that are under some form of contract. The last known list price of these homes ranged from $364,900 to $625,000, with the median being $449,900. The days on market for these homes ranged from 1 week (9 days) to 6 months (178 days) with the median being 3 months (89 days).
In the last 30 days, 2 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes being $324,900 after being on the market for approaching 2.5 months (70 days) and $358,000 after being on the market for 2 weeks (14 days).
Five Bedroom Homes
Currently, there are 8 five-bedroom detached homes in New Market on the market for sale. The current list price of these home ranges from a low of $500,000 to $649,000, with the median being $553,950. The days on market for these homes range from 2 weeks (10 days) to 9 months (267 days) with the median being 2.5 months (47 days).
There are 3 five-bedroom detached homes in New Market that are under some form of contract. The last known list price of these homes ranged from $483,300 to $550,000, with the median being $460,000. The days on market for these homes ranged from 3 months (94 days) to approaching 7.5 months (220 days) with the median being 5 months (146 days).
In the last 30 days, 2 five-bedroom existing detached home in New Market have successfully completed the sales process. The closing price of these homes being $315,000 after being on the market for 1 month (28 days) and $505,000 after being on the market for 3 weeks (19 days).
Six Bedroom Homes
Currently, there are 3 six-bedroom existing detached homes on the market for sale in New Market. The current list price of these home ranges from a low of $519,000 to $650,000, with the median being $650,000. The days on market for these homes range from approaching 3 months (81 days) to 4 months (115 days) with the median being 3 months (90 days).
Currently, there is 1 six-bedroom existing detached home under some form of contract in New Market, Md. The last known list price of this homes is $599.900 after being on the market for approaching 5 months (147 days).
In the last 30 days, no six-bedroom existing detached home in New Market has successfully completed the sales process.
Seven Bedroom Home
Currently there is 1 seven-bedroom existing detached home in New Market, Md. on the market for sale. That home is currently being listed for $895,000 and has been on the market for 1 week (8 days).
There no seven-bedroom existing detached homes in New Market under any form of contract or have successfully completed the sales process in the last 30 days.
If you have any questions about this report or homes in nearby towns, please contact me. I look forward to helping you with your real estate needs. Similar posts can be found on my blog talking about townhouses in New Market and homes in the surrounding area as well.
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