Today’s View – October 27, 2015 – New Market, Md. 21774 – Townhouses
This is a market report for Townhouses in the New Market, Md. 21774 zip code. At the time of this report (10/27/2015) there are 8 such homes on the market FOR SALE, another 8 under contract, and 2 that has sold in the last 30 days. Thus the absorption rate (8/2) shows a 4 month inventory, which is considered to be a normal market.
Two Bedrooms
There are no two-bedroom townhouses in New Market, Md. on the market for sale and none that have successfully completed the sales process in the last 30 days.
There is 1 two-bedroom townhouse in New Market, Md. at the time of this report that is under contract. The last known list price of this home is $224,000 and it was on the market for approaching 3 months (84 days).
Three Bedrooms
There are 8 three-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $199,900 to $384,900 with the median being $262,450 The days on market for these homes ranges from approaching a week (5 day ) to approaching 5 months (145 days), with the median approaching a month (27 days).
There are 7 three-bedroom townhouses in the area that are under some form of contract at this time. The last known list prices of these homes are $224,900 and $289,900, with the median being $229,900. The days on market for these homes ranges from a week (10 days) to 4.5 months (138 days), with the median approaching 1.5 months (40 days).
In the last 30 days, 2 three-bedroom townhouses in New Market have successfully completed the sales process. These homes sold for between $223,000 and $246,000; with the median being $240,500. The days on market ranges from a week (7 days) to 1.5 months (42 days).
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Four Bedrooms
While there are four-bedroom townhouses located in this market, none are currently on the market for sale, none under any form of contact, and none that have successfully completed the sales process in the last 30 days.
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.
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