Today's View - Feb. 3, 2020 - Mount Airy, Md. existing detached homes

By
Real Estate Agent with Weichert - McKenna & Vane MD581725

Today’s View – Feb. 3, 2020 – Mt. Airy, Md. 21771 – Detached Homes

This is a market report for existing detached homes in Mt. Airy, Md. 21771.  At the time of this report (2/3/2020) not including new construction 29 such homes are on the market FOR SALE, another 31 under contract, and 16 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 1.81 which is considered a seller’s market

While the minimum lot size is just .03 acres and the maximum lot size is 50 acres, the median is .98 acres.

Of those active, 2 came to market in the last week. Of those under contact, 8 went under contact last week, and 1 of the 16 sold completed the process last week.

 

Two Bedrooms Homes

There is one two-bedroom existing detached home in Mount Airy on the market for sale currently.  This home is currently on the market for $299,000 after   the market for 3 weeks (22 days).

There is one two-bedroom existing detached home under some form of contract. The last known list price and day on market of these homes being, $215,000  and it was on the market for 3.5 months (104 days).

One two-bedroom existing detached home has successfully completed the sales process in the last 30 days in Mount Airy.  This home sold for $250,000 after being on the market for approaching 1 week (4 days).

 

Three Bedrooms Homes

There are 10 three-bedroom existing detached homes in Mount Airy on the market for sale. These homes range in price from a low of $215,000 to $524,500, with the median price being $374,950.  The days on market for these homes range from new to the market (1 day) to 10 months (299 days) with the median approaching 1 month (26 days).

There are 11 three-bedroom detached homes in Mount Airy that are under some form of contract.  The last known list price of these home ranges from $200,000 to $450,500, with the median being $339,900.  The days on market for these homes ranged from approaching 1 week (5 days) to 7 months (204 days) with the median approaching 3 months (84 days). 

In the last 30 days, 6 three-bedroom detached homes in Mount Airy have successfully completed the sales process. The closing price of these homes ranged from $168,000 to $522,500 with the median being $302,000.  The days on market ranged from approaching 3 weeks (24 days) to approach 7.5 months (225 days), with the median approaching 2 months (50 days). 

 

Four Bedroom Homes

Clearly, the 14 existing detached four-bedroom homes are the majority of the detached homes on the market for sale in Mount Airy. These homes range in price from a low of $329,999 to $2,950,000, with the median being $525,450.  The days on the market for these homes range from new to the market (1 day) to approaching 13.5 months (401 days) with the median approaching 3.5 months (101 days).

There are 10 four-bedroom detached homes in Mount Airy that are currently under some form of contract.  The last known list price of these homes ranged from $449,900 to $675,000, with the median being $529,400.  The days on market for these homes ranged from approaching 1 week (4 days) to 4.5 months (135 days) with the median being 3 months (94 days).

In the last 30 days, 4 four-bedroom existing detached homes in Mount Airy have successfully completed the sales process. The closing price of these homes ranged from $355,000 to $479,900, with the median being $443,250.  The days on market for these homes ranged from 1 month (30 day) to 3.5 months (137 days) with the median being 1.5 month (48 days).

 

Five Bedroom Homes

There are 3 five-bedroom existing detached homes in Mount Airy on the market for sale. The current list price of these home ranges from a low of $549,900 to $1,929,000 with the median being $550,000.  The days on market for these homes ranged from 1 week (27 days) to 8 months (244 days) with the median approaching 6.5 months (191 days).

There are 10 five-bedroom existing detached homes in Mount Airy that are currently under some form of contract.  The last known price of these home ranges from a low of $349,000 to $749,999, with the median being $564,450.  The days on market for these homes ranged from approaching 1 week (4 days) to 7.5 months (222 days) with the median being 1 month (33 days).

In the last 30 days, 3 five-bedroom existing detached homes in Mount Airy have successfully completed the sales process.  The closing price of these homes ranged from $429,000 to $527,500, with the median being $515,000.  The days on market for these homes ranged from 2.5 months (75 days) to 8 months (234 days) with the median being 4.5 months (139 days).

 

Six Bedroom Homes

There is 1 six-bedroom existing detached home in Mount Airy on the market for sale. The current list price of this home being $649,900 after being on the market for 3 months (87 days).

There are no six-bedroom existing detached homes in Mount Airy currently under any form of contract at the time of this report.

In the last 30 days, 2 six-bedroom existing detached home in Mount Airy have successfully completed the sales process. These homes sold for $435,000 after being on the market for approaching 1 week (5 days) and $475,000 after being on the market for approaching 2 months (50 days).

 

Seven Bedroom Homes

There are no seven-bedroom detached homes in Mount Airy currently on the market for sale.

There is 1 seven-bedroom existing detached home in Mount Airy currently under some form of contact.  The last known list price of this home is $1,100,000 and it has been on the market for 9 months (270 days).

In the last 30 days, no seven-bedroom existing detached home in Mount Airy has successfully completed the same process.

Posted by

Robert J. Force
Weichert Realtors - McKenna & Vane
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)

My Website

 

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

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Topic:
Real Estate Market Trends
Location:
Maryland Frederick County Mount Airy
Groups:
1st Time Buyers
WEICHERT, REALTORS - New Colony
The Ninety-ninth Percentile
2020 Market Reports
Tags:
detached home
mount airy
feb 2020

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Rainer
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Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these properties. 

Nick 

Feb 03, 2020 06:36 PM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bob. Thanks for the update on your market. May your inventory grow and provide more choices for your buyers. Enjoy your day!

Feb 04, 2020 04:55 AM #2
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's important real estate market data for home buyers and sellers in Mount Airy, Bob.

Feb 04, 2020 06:09 PM #3
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Rainmaker
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Bob Force (REALTOR®)

The FORCE in Maryland Real Estate
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