Today's View - November 9, 2015 - Mount Airy townhouses

Today’s View – November 9, 2015 – Mount Airy, Md. 21771 – Townhouses

This is a market report for existing Townhouses in the Mount Airy, Md. 21771 zip code.  At the time of this report (11/09/2015) there are 14 such homes on the market FOR SALE, another 7 under contract, and 4 that have sold in the last 30 days. Thus the absorption rate (14/4) shows a 3.5 month inventory, considered a buyers market.

Two Bedrooms

There are no two-bedroom townhouses in this area on the market for sale.  There is 1 two-bedroom townhouse currently under contract. The last known list price of this home is $234,990 and was on the market for just over 2 months (65 days).  No two-bedroom townhouse is currently under contract or has successfully completed the sales process in the last 30 days.

Three Bedrooms

There are 10 three-bedroom townhouses in this area on the market for sale. These homes range in price from a low of $179,900 to $319,900 with the median being $259,450  The days on market for these homes ranges from new to the market to approaching 6 months (171 days), with the median being 1.5 months (48 days).

There are 6 three-bedroom townhouses in the area that are under some form of contract.  The last known list price of these homes ranged from $209,900 to $300,000, with the median being $228,900.  The days on market for these homes ranged from under a week (3 days) to 5 months (146 days), with the median being 1.5 months (47 days).

In the last 30 days, 4 three-bedroom existing townhouses in the area have successfully completed the sales process. The closing price of these homes ranged from $199,000 to $305,000, with the median being $266,500.  The days on market for these homes ranged from 2 weeks (12 days) to 4 months (126 days), with the median being 2 months (65 days).

Four Bedrooms

There are 4 four-bedroom existing townhouses in this area on the market for sale. These homes range in price from a low of $219,900 to $244,600 with the median being $224,900  The days on market for these homes ranges from approaching 2 months (53 days) to approaching 6 months (174 days ), with the median approaching 3.5 months (100 days).

There are no four-bedroom existing townhouses in the area under some form of contract at this time and none 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.