Today’s View – November 30, 2017 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 (11/30/17) not including new construction there are 50 such homes on the market FOR SALE, another 24 under contract, and 15 that have sold in the last 30 days. Thus the absorption rate (50/15) shows a 3.33 months inventory, which is considered a sellers market.
These homes are located on between .06 acres and 8.5 acres of ground with the average being .51 acres and median being .23.
Two Bedrooms
There is at this time 1 two-bedroom existing detached home in New Market on the market for sale. This home is currently listed for $245,000 and has been on the market for 1 month (31 day).
There are no two-bedroom existing detached homes in New Market under any form of contract and no have successfully completed the sale process in the last 30 day either.
Three Bedrooms
There are 14 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 $275,000 to $449,700, with the median being $322,000. The days on market for these homes ranges from 1 week (9 days) to approaching 8 months (237 days) with the median being 2.5 months (79 days).
There are 5 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $315,000 to $429,900, with the median being $374,900. The days on market for these homes ranged from 1 week (9 days) to approaching 4.5 months (132 days) with the median being 2 months (63 days).
In the last 30 days, 2 three-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $278,000 being on the market for 2 weeks (12 days) to $317,000 having been on the market for approaching 1.5 months (40 days),
Four Bedrooms
Clearly the majority of the existing detached homes on the market for sale in New Market are the 28 four-bedroom detached homes on the market for sale at this time. These homes are currently listed for $300,000 to $799,900, with the median being $477,450. These homes have been on market from between new to the market (1 day) to 9.5 months (288 days), with the median being 2 months (61 days).
There are another 13 four-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $320,000 to $675,000, with the median being $452,500 The days on market for these homes ranged from new to the market (1 day) to 1 year (366 days) with the median being 1 month (36 days).
In the last 30 days, 13 four-bedroom detached home in the area has successfully completed the sales process. The closing price of these homes ranged from $280,000 to $485,000 with the median being $407,300. The days on market ranged from new to the market (3 days) to 3 months (91 days), with the median being 2 weeks (12 days).
Five Bedrooms
There are 5 five-bedroom detached homes in this area on the market for sale. The current list price of these homes ranged from a low of $370,000 to $745,000, with the median being $525,000. The days on market for these homes ranges from new to the market (1 day) to approaching 4 months (110 days) with the median being 2 months (62 days).
There are another 4 five-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranged from $240,000 to $615,000, with the median being $514,950. The days on market for these homes ranged from 1 week (5 day) to 7.5 months (222 days) with the median being 2 months (65 days).
In the last 30 days, no five-bedroom detached home in the area has successfully completed the sales process.
Six Bedrooms
There are 2 six-bedroom detached homes in this area on the market for sale. The current list price of these homes are currently listed for $549,000 being on the market for 5 months (146 days) and $674,900 being on the market for 4 months (128 days).
There are currently 2 six-bedroom existing detached home in New Market under some form of contract at this time. The last known list price of these home being $468,000 being on the market for 3 weeks (22 days) and $624,900 having been on the market for 1 month (27 days).
In the last 30 days, no six-bedroom detached home in the area has successfully completed the sales process.
If you have any questions about this report, please call me or send me an email. I look forward to helping you and friends with your real estate needs.
Comments(0)