Today’s View – Jan 8, 2016 Detached homes – New Market Md.
This is a market report on existing detached homes in New Market, Md. 21774 for sale. At the time of this report (1/8/16) not including new construction there are 33 such homes on the market FOR SALE, another 23 under contract, and 16 that have sold in the last 30 days. Thus the absorption rate (33/16) shows a 4 month inventory, which is considered sellers market.
These homes are located on between .05 acres and 55.49 acres of ground with the average being 1.1 acres.
Two Bedrooms
At the time of this report there is 1 two-bedroom detached homes on the market for sale in New Market, Md. This home is currently listed for $199,900 and has been on the market for 3 months (95 days).
There are no two-bedroom detached homes currently under contract at this time.
No two-bedroom detached home has successfully process in the last 30 days.
Three Bedrooms
There are 17 three-bedroom detached homes in this area on the market for sale at this time. The current list price of these homes range in price from a low of $235,000 to $370,000, with the median being $279,900. The days on market for these homes ranges from 1 week (7 days) to approaching 9 months (264 days) with the median approaching 4 month (113 days).
There are 14 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $199,900 to $370,000, with the median being $268,750. The days on market for these homes ranges from new to the market (2 days) to 6 months (186 days) with the median being 2 month (65 days).
In the last 30 days, 7 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $214,598 to $409,900, with the median being $299,000. The days on market ranged from new to the market (4 days) to approaching 4 months (111 days), with the median being 1 month (28 days).
Four Bedrooms
There are 9 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $199,500 to $750,000, with the median being $490,000. They have been on the market from new to the market (1 day) to approaching 4 months (106 days), with the median approaching 2 months (55 days).
There are another 4 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $314,000 to $500,000, with the median being $391,950. The days on market for these homes ranged from a week (6 days) to 10 months (295 days) with the median approaching 4 months (115 days).
In the last 30 days, 7 four-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $299,000 to $555,900, with the median being $375,000. The days on market ranged from 1 week (8 days) to 5.5 months (163 days), with the median being 1 month (29 days).
Five Bedrooms
There are 5 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $429,900 to $589,900, with the median being $469,000. The days on market for these homes ranges from approaching 1.5 months (38 day) to approaching 9 months (259 days) with the median approaching 4 months (112 days).
There are 3 five-bedroom detached homes in the area that are under some form of contract at this time. The last known list price of these homes ranged from $269,900 to $415,000, with the median being $415,000. The days on market for these homes ranged from 2 weeks (13 days) to 4 months (118 days) with the median being 2 weeks (16 days).
In the last 30 days, 2 five-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes was $476,000 after being on the market 3 weeks (24 days) and $527,000 after being on the market for a month (38 days)
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Six Bedrooms
There is 1 six-bedroom detached home in this area on the market for sale at this time. This home is current listed for $624,900 and has been on the market for 1 month (27 days),
There are 2 six-bedroom detached home in this area under contract at this time. The last known list price of these homes being $544,900 being new to the market (1 day), and $824,900 after being on the market for (85 days),
No six-bedroom detached home in Mew Market has 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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