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June 6, 2013 – Aspen Hill, Md – Detached Homes For Sale

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Real Estate Agent with Weichert Realtors - Aspen Hill MD581725

Today’s View – June 6, 2013 – Aspen Hill, Md – Detached Homes

This is a market report for detached in Silver Spring, Md.20906, commonly known as Aspen Hill.  Not included in this report are those homes in the senior citizen community of Rossmoor. At the time of this report (06/06/13) there are 54 such homes on the market FOR SALE, 83 under contract, and another 31 that have sold in the last 30 days.  The Absorption Rate (Active/Sold in 30 days) of 1.74 months is clearly a seller’s market.

 

Two Bedrooms

There is only one two-bedroom detached or semi-detached home in this report area for sale. This home is listed for $275,000 and has been on the market for only a day.

Five two-bedroom detached or semi-detached homes in this report area are under some form of contract at this time.  The last known list price of these homes ranged from $170,000 to $500,000, with the median price being $235,000.  The days on market for these homes ranges from less than a week (3 days) to over two years (801 days) with the median being two weeks (14 days).  

In the last 30 days, no two-bedroom detached or semi-detached homed in this market place has completed the sales process. 

 

Three Bedrooms

There are 10 three-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $285,000 to $602,900, with the median being $359,550.  The days on market for these homes ranges from new to the market (1 day) to 15 months (448 days) with the median being a month (29 days).

There are 22 three-bedroom detached or semi-detached homes in our report area that are under some form of contract.  The last known list price of these homes ranged from $199,000 to $489,900 with the median being $287,450.  The days on market for these homes ranges from just a day (1 day) to approaching two  months (51 days) with the median being over a week (10 days).

In the last 30 days, three three-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $200,000 to $740,000 with the median being $285,000.  The days on market for these homes ranges from a week (7 day) to nearly four  months (116 days) with the median approaching a month (26 days).

 

Four Bedrooms

Clearly, the majority of the detached or semi-detached homes on the market in this area are the 26 four-bedroom homes for sale. These homes range in price from a low of $285,500 to $804,354, with the median being $531,500.  The days on market for these homes ranges from a day to nearly 11 months (322 day), with the median being over two and a half months (79 days).

There are 43 detached or semi-detached homes in this market place that are under some form of contract.  The last known list price of these homes ranged from $170,000 to $741,271, with the median being $379,000.  The days on market for these homes ranged from a day to eight months (243 days) with the median being two weeks (13 days).

In the last 30 days, 24 four-bedroom detached or semi-detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from $220,000 to $520,000, with the median being $415,500.  The days on market for these homes ranged from less than a week (2 days) to a month and a half (41 days) with the median bring a week (7 days).

 

Five Bedrooms

There are 15 five-bedroom detached or semi-detached homes in this market place for sale. These homes range in price from a low of $235,000 to $825,000, with the median being $529,000.  The days on market for these homes ranges from three weeks to over 17 months (516 days) with the median being two month (63 days).

There are 11 five-bedroom detached or semi-detached homes in this report area that are under some form of contract.  The last known list price of these homes ranged from $260,000 to $859,900, with the median being $380,000.  The days on market for these homes ranged from a day to eight months (243 days) with the median being three weeks (22 days).

In the last 30 days, fout five-bedroom detached or semi-detached home in this market place have successfully been sold.  The closing price of these homes ranged from $460,000 to $598,000, with the median being $475,000.  The days on market for these homes ranged from a week (6 days) to over a month (36 days) with the median being a week (8 days).

 

Six Bedrooms

There are two six-bedroom detached or semi-detached homes in the report area for sale. These homes range in price from a low of $639,000 to $821,000, with the median being $730,000.  The days on market for these homes ranges from four and a half months (132 days) to over eight months (247 days) with the median being obrt six months (190 days).

There are two six-bedroom detached or semi-detached homes in the report area that are under some form of contract.  The last known list price of these homes ranged from $525,000 to $559,000, with the median being $542,000.  The days on market for these homes ranged from nearly a month (28 days) to approaching four months (115 days) with the median being nearly two and a half months (72 days). 

In the last 30 days, no six-bedroom detached or semi-detached home in this market place has successfully completed the sales process.

 

If you have any questions about this report, here is a way to ask me. I look forward to helping you with your real estate needs.

Posted by

Robert J. Force
Weichert Realtors - Silver Spring / Aspen Hill
3816 International Dr        
Silver Spring, Md. 20906

            
(301) 237-2277  (c)
(301) 681-0550  (O)

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