Today’s View – April 28, 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 (4/28/16) not including new construction there are 48 such homes on the market FOR SALE, another 48under contract, and 15that have sold in the last 30 days. Thus the absorption rate (48/17) shows a 3.2 month inventory, which is considered a sellers market.
These homes are located on between .08 acres and 55.49 acres of ground with the average being .76 acres.
Two Bedrooms
At the time of this report there are no two-bedroom existing detached homes on the market for sale and none that have successfully completed the sales process in the last 30 days.
There is 1 two-bedroom existing detached home under some form of contact at this time in New Market, Md. The last know list price of the home being $199,900 and has been on the market for 3.5 months (109 days).
Three Bedrooms
There are 19 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 $189,900 to $530,000, with the median being $299,990. The days on market for these homes ranges from new to the market (1 day) to 12.5 months (375 days) with the median approaching 1.5 months (38 days).
There are 19 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 $384,999, with the median being $299,900. The days on market for these homes ranges from new to the market (1 day) to approaching 9.5 months (285 days) with the median being 1 month (35 days).
In the last 30 days, 11 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $240000 to $370,000, with the median being $277,000. The days on market ranged from new to the market (1 day) to approaching 7 months (201 days), with the median approaching 3 weeks (19 days).
Four Bedrooms
There are 16 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $325,000 to $549,000, with the median being $475,000. They have been on the market from new to the market (2 days) to approaching 4 months (112 days), with the median being 3 weeks (24 days).
There are another 21 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $269,900 to $699,900, with the median being $4250000. The days on market for these homes ranged from approaching 1 week (3 days) to 10 months (295 days) with the median approaching 2 weeks (12 days).
In the last 30 days, 1 four-bedroom detached home in the area has successfully completed the sales process. This home closed for $402,000 after being on the market for 1 week (7 days).
Five Bedrooms
There are 9 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $455,000 to $744,900, with the median being $579,900. The days on market for these homes ranges from 2 weeks (14 days) to 5.5 months (168 days) with the median being 2 months (61 days).
There are 7 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 a low of $390,000 to $659,900, with the median being $459,900. The days on market for these homes ranges from new to the market (2 days) to 3 weeks (19 days) with the median being 1 week (6 days).
In the last 30 days, 2 five-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes being $421,000 after being on the market for 9 months (262 days), and $534,900 after being on the market for less than a week (2 days).
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Six Bedrooms
There are 3 six-bedroom detached home in this area on the market for sale at this time. These homes range in price from a low of $499,900 to $730,000, with the median being $648,000. The days on market for these homes ranges from 1 week (6 days) to 2 months (56 days) with the median being 2 weeks (15 days).
There are no six-bedroom detached home in this area on the market under some form of contact at this time.
In the last 30 days, 1 six-bedroom detached home in this area has successfully completed the sales process. This home sold for $622,000 after being on the market for 2 months (67 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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