Today’s View – May 31, 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 (5/31/16) not including new construction there are 47 such homes on the market FOR SALE, another 46 under contract, and 23 that have sold in the last 30 days. Thus the absorption rate (47/23) shows a 2.04 month inventory, which is considered a sellers market.
These homes are located on between .12 acres and 55.49 acres of ground with the average being .79 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 at the time of this report, 1 two-bedroom existing detached home under some form of contract. The last know list price of this home is 4199,900 and it was on the market for approaching 4 months (109 days).
Three Bedrooms
There are 16 three-bedroom existing 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 $166,400 to $530,000, with the median being $329,950. The days on market for these homes ranges from new to the market (1 day ) to 9 months (271 days) with the median being 1.5 months (48 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 $189,900 to $389,900, with the median being $307,500. The days on market for these homes ranges from new to the market (1 day) to 6 months (181 days) with the median being over a 1 month ( 36 days).
In the last 30 days, 10 three-bedroom detached homes in the area have successfully completed the sales process. The closing price of these homes ranged from $199,900 to $363,000, with the median being $274,000. The days on market ranged from approaching a week (4 day) to 7.5 months (285 days), with the median approaching 4 months (110 days).
Four Bedrooms
There are 13 four-bedroom detached homes in this area on the market for sale at this time. These homes are currently listed for $243,800 to $525,000, with the median being $475,000. They have been on the market from approaching 1 week (4 day) to 2 months (60 days), with the median being 3 weeks (22 days).
There are another 24 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 $403,950. The days on market for these homes ranged from new t the market (1 days) to 10 months (295 days) with the median being 3 weeks (22 days).
In the last 30 days, 11 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $299,900 to $604,900, with the median being $415,000. The days on market ranged from approaching 1 week (3 day) to approaching 5 months (142 days), with the median approaching 2 weeks (11 days).
Five Bedrooms
There are 13 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $285,000 to $720,000, with the median being $572,900. The days on market for these homes ranges from approaching a week (4 day ) to 6 months (182 days) with the median being 1 month (32 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 $409,900 to $659,900, with the median being $459,000. The days on market for these homes ranges from new to the market (2 days) to approaching 6 months (170 days) with the median being 3 weeks (19 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 was $435,000 after being on the market for less than a week (2 days) and $499,000 after being on the market for a week ( 6 days)
Six Bedrooms
There are 4 six-bedroom detached home in this area on the market for sale at this time. These homes range in price from a low of $474,905 to $699,900, with the median being $624,450. The days on market for these homes ranges from approaching 1 month (25 days) to 3 months (89 days) with the median being 1.5 months (44 days).
There are no six-bedroom detached home in this area on the market under some form of contact at this time, nor any 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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