Today’s View – Jan. 11, 2019 – 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 (1/11/2019) not including new construction 28 such homes are on the market FOR SALE, another 22 under contract, and 16 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 1.75 which is considered a seller’s market.
Last week only 2 were added to the market, 5 went under some form of contract, and 2 successfully completed the sale process.
While the minimum lot size is just .02 acres and the maximum lot size is 1.4 acres, the median is .23 acres.
Two Bedrooms Home
Currently, there are no two-bedroom existing detached homes on the market for sale in New Market, none under any form of contract, and none have completed the sales process in the last 30 days.
Three Bedrooms Home
Currently, there are 9 three-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $285,000 to $599,000, with the median price being $365,000. The days on market for these homes ranges from approaching 2 weeks (11 days) to approaching 4.5 months (130 days) with the median being 2 months (63 days).
There are 9 three-bedroom detached homes in New Market that are under some form of contract. The last known list price of these homes ranged from $289,900 to $429,900 with the median being $350,000. The days on market for these homes ranges from approaching a week (4 days) to approaching 9 months (279 days) with the median being 2 months (63 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 $238,000 to $459,900, with the median being $368,000. The days on market for these homes ranged from new to the market (3 days) to 14.5 months (436 days) with the median approaching 1.5 months (39 days).
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Four Bedroom Homes
There are 16 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $370,000 to $719,950, with the median being $450,000. The days on the market for these homes range from new to the market (1 day) to 15 months (454 days) with the median being 2 months (57 days).
There are 9 four-bedroom detached homes in New Market that are under some form of contract. The last known list price of these homes ranged from $375,000 to $550,000, with the median being $439,900. The days on market for these homes ranged from 2 months (60 days) to 7 months (213 days) with the median approaching 5 months (140 days).
In the last 30 days, 5 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes ranged from $282,700 to $490,000, with the median being $390,000. The days on market for these homes ranged from 1 week (9 days) to 6 months (185 days) with the median approaching 3 months (81 days).
Five Bedroom Homes
Currently, there are 2 five-bedroom detached homes in New Market on the market for sale. The current list price of these home being $425,000 after being on the market for 3 weeks (20 days) and $540,000 after being on the market for 2.5 months (79 days).
There are currently 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 $500,000 to $560,000, with the median being $550,000. The days on market for these homes ranged from approaching 2.5 months (70 days) to 6.5 months (191 days) with the median approaching 2.5 months (72 days).
In the last 30 days, 2 five-bedroom existing detached home in New Market has successfully completed the sales process. The closing price of these homes ranged from $585,000 after being on the market for 2.5 months (76 days) and $620,000 after being on the market for 1 month (29 days).
Six Bedroom Homes
Currently, there are no six-bedroom existing detached homes on the market for sale in New Market and none that have successfully completed the sales process in the last 30 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 $650,000 after being on the market for 5 months (175 days).
Seven Bedroom Homes
Currently, there is 1 seven-bedroom existing detached home on the market for sale in New Market. This home is listed for $888,000 and has been on the market for 3 months (84 days). There are no seven-bedroom existing detached homes in New Market under any form of contract nor have successfully completed the sales process in the last 30 days.
If you have any questions about this report, 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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