Today's View - April 29, 2018 - New Market, Md. detached homes

By
Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – April 29, 2018 – New Market, Md. 21774 – Detached Homes

This is a market report for existing detached homes in New Market, Md. 21774.  At the time of this report (4/29/2018) not including new construction 31 such homes are on the market FOR SALE, another 38 under contract, and 24 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 1.29 which is considered a normal market.

Last week only 2 were added to the market, 6 went under some form of contract, and 3 successully completed the sale process. 

While the minimum lot size is just .06 acres and the maximum lot size is 12.018 acres, the median is .23 acres.

 

Two Bedrooms Home

Currently, there is 1 two-bedroom existing detached homes on the market for sale in New Market.   This home is currently list at a $209,900 and has been on the market for just over a week (8 days).

Currently, there are no two-bedroom existing detached home under some form of contract in New Market, Md.

In the last 30 days, 1 two-bedroom existing detached home in New Market has successfully completed the sales process.  This home sold for $335,000 and was on the market for approaching 2 months (53 days).

 

Three Bedrooms Home

Currently, there are 5 three-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $314,000 to $464,900, with the median price being $399,900.  The days on market for these homes ranges from 2 weeks (13 days) to 2 months (62 days) with the median being 1.5 months (44 days).

There are 17 three-bedroom detached homes in New Market that are under some form of contract.   The last known list price of these homes ranged from $259,900 to $493,315, with the median being $319,900.  The days on market for these homes ranges from new to the market (1 day) to approaching 4.5 months (131 days) with the median being just over 1 week. (9 days). 

In the last 30 days, 8 three-bedroom detached homes in New Market have successfully completed the sales process.  The closing prices of these homes ranged from $267,000 to $415,000, with the median being $321,000.  The days on market for these homes ranged from new to the market (1 day) to 6 months (185 days) with the median approaching a week (4 days).

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Four Bedroom Homes

There is another 18 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $359,900 to $769,990, with the median being $510,000.  The days on the market for these homes ranges from new to the market (2 day) to 6.5 months (194 days) with the median being 3 weeks (22 days).

There are 16 four-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $365,000 to $724,999, with the median being $449,900.  The days on market for these homes ranged from new to the market (1 day) to 6.5 months (197 days) with the median being 1 month (32 days).

In the last 30 days, 12 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes ranged from $329,900 to $700,000, with the median being $417,500.  The days on market for these homes ranged from approaching 1 week (4 days) to 5 months (154 days) with the median being 1 month (29 days).

 

Five Bedroom Homes

Currently, there are 6 five-bedroom detached homes in New Market on the market for sale. The current list price of these home ranges from a low of $394,000 to $725,000, with the median being $537,450.  The days on market for these homes ranges from approaching 1 week (4 days) to approaching 6.5 months (190 days) with the median being 2 months (60 days).

There are 5 five-bedroom detached homes in New Market that are under some form of contract at this time.  The last known price of these home ranges from a low of $275,000 to $750.000, with the median being $525,000.  The days on market for these homes ranges from new to the market (1 day) to 4 months (118 days) with the median approaching 1.5 months (40 days).

In the last 30 days, 2 five-bedroom existing detached home in New Market has successfully completed the sales process.   The closing price of this home being $435,000 after being on the market for 1.5 months (49 days) and $500,000 after being on the market for approaching 3.5 months (102 days).

 

Six Bedroom Homes

Currently, there is 1 six-bedroom existing detached homes on the market for sale in New Market.   This home is currently list at a $549,000 and has been on the market for 3 weeks (22 days).

Currently, there are no two-bedroom existing detached home under some form of contract in New Market, Md.

In the last 30 days, 1 six-bedroom existing detached home in New Market has successfully completed the sales process.  This home sold for $765,000 and was on the market for approaching 2 weeks (12 days).

Posted by

Robert J. Force
Weichert Realtors - New Colony
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)
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Hope this was of some value to you.

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May this FORCE be with you

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Rainmaker
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Joyce Marsh, Daytona Beach Florida
Joyce Marsh Homes Team at Premier Sotheby’s International Realty - Daytona Beach, FL
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Thank you very much for sharing this real estate market trends report. 

Apr 30, 2018 04:34 AM #1
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